475 Fair Acres Lane
About This Property
You'll feel like kings and queens with new drywall, windows, floors, recessed lighting, updated electric and plumbing, brand new septic, all new Samsung appliances, quartz countertops, luxury Italian tiles in both bathrooms, modern finishes, new mini splits in every bedroom, French doors and more!
And check out the garage! Brand new Samsung washer and dryer await with new epoxy floors, drywall, recessed lighting, a new vanity/sink/cabinet combo, fridge, and even a mini split! Finalize the conversion into an ADU or use the space for a huge entertainment area, music/yoga studio, weekend guest sleeping space, man cave/she shed, or just have one really nice garage!
Priced to sell!!! No other 3/2 on 2.5 acres with detached garage and new septic tank compares at this price! Come and get it today before this gorgeous home is someone else's.
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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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 5, 2026 | Price Decreased |
$388,700
↓ $6K
(1.6%) | |
| Price Decreased | |||
| Mar 15, 2026 | Price Decreased |
$394,800
↓ $4K
(1%) | |
| Price Decreased | |||
| Feb 13, 2026 | Listed by Cherie Miller & Associates | $398,900 | |
| Listed by Cherie Miller & Associates | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017