71 Cherry Drive #71
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%.
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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 |
|---|---|---|---|
| Apr 18, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 11, 2025 | Listed | $459,000 | |
| Listed | |||
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ABUTTING THE WOODS- Welcome to the Gardens of Wilbraham, the area's premier 55+ condo community with FIRST floor living at its best! The bright LR with vaulted ceilings, recessed lighting and gas fireplace is perfect for gatherings. The primary bedroom features tray ceiling, large walk in closet and a full bath with a stand up shower. Good sized second bedroom with a separate full bath. The BRIGHT kitchen welcomes cherry cabinets, recessed lighting, plenty of counter space, breakfast bar and dining area. Enjoy the screened in porch with a private yard that backs up to the trees. The walk out basement offers plenty of storage space. Two car garage, generac generator and first floor laundry. The resort style clubhouse amenities include great room for activities, library, conference room, a fitness center, Florida screened sunroom that overlooks the outdoor heated pool. Maintenance free lifestyle awaits! Be home for the SUMMER. Open House on Saturday, March 15th from 12-1:30pm.
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| Dec 15, 2023 | Sold | ||
| Sold | |||
| Nov 15, 2023 | In contract | - | |
| In contract | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/11/2025
|
2 Bed
|
2 Bath
|
1313 ft²
|
$459,000
2 Bed
2 Bath
1313 ft²
|
$459,000
04/18/2025
|
Marisol Franco
Coldwell Banker Realty - Longmeadow
| |
|
11/03/2023
|
2 Bed
|
2 Bath
|
1313 ft²
|
$409,000
2 Bed
2 Bath
1313 ft²
|
$415,000
+1.47%
12/15/2023
|
Marisol Franco
Coldwell Banker Realty - Longmeadow
| |
|
10/08/2013
|
2 Bed
|
2 Bath
|
1320 ft²
|
$309,900
2 Bed
2 Bath
1320 ft²
|
$309,900
06/02/2014
|
Judith A. Galanek
Galanek Associates, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017