4257 Hillside Drive
About This Property
The landscape is adorned with mature trees that have stood the test of time, providing a lush canopy that not only enhances the visual appeal but also creates a soothing environment. These stately trees, some over decades old, offer shade and a sense of history, contributing to the established feel of the community. As you wander through the neighborhood, the rustling leaves and chirping birds create a symphony of nature, inviting residents to pause and appreciate the simple beauty of their surroundings.
Homes in this area are often passed down through generations, a testament to their quality and the deep-rooted connections have with their surroundings. When one of these homes becomes available, it represents not just a property, but a legacy-a long-term investment that promises to nurture bonds and create lasting memories. The rarity of such opportunities adds to their allure, making them highly sought after in the real estate market. The two-story home in question is a masterclass in thoughtful design, featuring a floorplan that seamlessly integrates functionality with elegance. Upon entering, one is greeted by an open layout that enhances the flow of natural light, creating an inviting atmosphere. The spacious living areas are perfect for both entertaining and intimate gatherings, while the well-appointed kitchen caters to the culinary enthusiast. Large windows frame picturesque views of the surrounding hills, blurring the lines between indoor comfort and outdoor beauty. Upstairs, the bedrooms offer a private retreat, each thoughtfully designed to maximize space and comfort. The master suite, with its expansive layout and en-suite bath, serves as a peaceful sanctuary, complete with views that inspire relaxation. The additional bedrooms are equally inviting, providing ample room for guests alike.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 13, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Price Decreased |
$529,900
↓ $20K
(3.7%) | |
| Price Decreased | |||
| Oct 30, 2024 | Price Decreased |
$550,000
↓ $29K
(5%) | |
| Price Decreased | |||
| Oct 7, 2024 | Relisted | $579,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017