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Map
5598 THORNGROVE WAY
About This Property
Let's start with the community -- because Sterling Hills is genuinely one of the best kept secrets in Spring Hill.
TWO COMMUNITY POOLS. SPLASH PAD. LIGHTED TENNIS COURTS. LIGHTED BASKETBALL COURTS. PICKLEBALL. VOLLEYBALL. PLAYGROUND. FITNESS CENTER. DOG PARK. BILLIARDS ROOM. TWO CLUBHOUSES with regular community events. All of it gated. All of it included. For 150 A YEAR.
Yes. 150. A year.
Now let's talk about the opportunity. This 4 bedroom 3 full bathroom home offers over 2,700 square feet of living space at just 115 per square foot -- and in Sterling Hills that is a number that is very hard to find. The roof and AC are original and the home needs some TLC -- and the price reflects exactly that. This is the home that a buyer with vision turns into something special while building instant equity from day one.
The bones are there. The community is exceptional. The price makes sense.
If you have been looking for a project in a neighborhood you actually want to live in -- this is it.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Price Decreased |
$279,900
↓ $34K
(10.9%) | |
| Price Decreased | |||
| Oct 7, 2026 | Price Decreased |
$314,000
↓ $5K
(1.6%) | |
| Price Decreased | |||
| Aug 25, 2026 | Listed by MERIDIAN REAL ESTATE | $319,000 | |
| Listed by MERIDIAN REAL ESTATE | |||
| Apr 2, 2019 | Sold | ||
| Sold | |||
| Oct 23, 2015 | Sold | ||
| Sold | |||
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About Spring Hill
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$1,250 /mo
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$1,850 /mo
- 3 Beds
- 2 Baths
- 1,468 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017