7 Spruce Tree Lane
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 |
|---|---|---|---|
| Jul 28, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Listed | $1,349,000 | |
| Listed | |||
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Charming four bedroom Colonial nestled in a desirable cul-de-sac neighborhood. This well-maintained home features a spacious and functional layout with a family room and office addition, large living room with a wood-burning fireplace and a wall of new windows. The bright kitchen boasts new quartz countertops and appliances, flowing into the dining room with a bay window and Dutch door to a coveted screened porch. Upstairs you'll find a renovated full bath, three comfortable bedrooms, and a serene primary suite with an en-suite bath and generous walk-in closet. Recent upgrades include fresh interior and exterior paint, 2024 boiler and hot water tank, new oil tank, updated 200 amp electrical, and a French drain system. The large basement offers excellent potential for future finishing. Enjoy a quiet, level backyard with woodland views and neighborhood access to the Sedgemeadow Conservation area.
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| Dec 8, 2008 | Sold | ||
| Sold | |||
| Aug 15, 2008 | Listed | $669,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017