39671 Cherry Valley Boulevard
About This Property
Discover this beautifully maintained 3-bedroom, 2-bathroom single-family ranch home nestled at the edge of Cherry Valley. Enjoy the peace and privacy of a spacious, flat, and fully usable lot just under 1 acre-while still being only minutes from local shopping, dining, and everyday conveniences. Inside, the home features a modern kitchen with soft-close cabinetry, newer appliances (all included), and sleek finishes. The bathrooms have been tastefully updated with quality tile work, and the living areas boast beautifully refinished hardwood flooring in the living room and bedrooms, complemented by updated wood-look tile throughout the rest of the home.
At the rear of the property, a separate agricultural storage garage is already equipped with water and electricity-making it ideal as a workshop, studio, or the foundation for a future ADU or second home. With space, upgrades, and exceptional upkeep, this move-in-ready property is perfect for families, hobbyists, or anyone seeking a flexible and private retreat with room to grow.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Listed by Corona Homes Realty | $675,000 | |
| Listed by Corona Homes Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017