5507 Fairmount Dr
About This Property
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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 |
|---|---|---|---|
| May 18, 2026 | Sold | ||
| Sold | |||
| Apr 26, 2026 | In contract | - | |
| In contract | |||
| Apr 22, 2026 | Listed | $785,000 | |
| Listed | |||
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 23, 2025 | Listed | $800,000 | |
| Listed | |||
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Welcome to this beautifully maintained inviting ranch, perfectly situated on a private homesite. Featuring a newly finished basement bedroom and bathroom, enhancing its already impressive layout this home offers everything you need to live comfortably. Step inside to discover solid wood floors, a private study, and a large kitchen complete with an oversized island, stainless steel appliances, double ovens, and a main-floor bar-perfect for entertaining. The dining room opens to an expansive great room with a tray ceiling and a striking fireplace. You'll love the unique touches like the pocket office or coffee bar conveniently located off the dining nook. The spacious primary suite offers a retreat-like ambiance with its fully appointed bath and generous walk-in closet. Two secondary bedrooms, each near a dedicated bathroom, provide privacy and functionality. The large recreation room is ideal for movie nights or gatherings, and the unfinished spaces offer ample room for future growth. Outdoors, the low-maintenance yard features a fabulous deck with an awning, ideal for entertaining or relaxing, while the mature trees provide additional shade and privacy. The oversized, finished 3-car garage offers plenty of space for all your toys and hobbies. Located just three doors down from Coyote Gulch Park and so close to Highland Meadows Golf Course, Blue FCU Arena/Ranch Event Center, and I-25, this home combines convenience with lifestyle. Best of all, there's NO METRO TAX! Don't miss your chance to call this exceptional home yours-schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017