11
Map
7101 Cherry Meadow 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 |
|---|---|---|---|
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Mar 19, 2026 | Price Decreased |
$329,900
↓ $19K
(5.5%) | |
| Price Decreased | |||
| Mar 12, 2026 | Price Decreased |
$349,000
↓ $16K
(4.4%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by Keller Williams Realty | $365,000 | |
| Listed by Keller Williams Realty | |||
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Special Incentive: Take advantage of a OWNER-paid rate buydown when you use Buyer’s Rate Mortgage, significantly lowering your monthly payment!
This is the home that quietly sets the standard for the neighborhood. From the moment you arrive, it’s clear this 3-bedroom, 1-bath residence has been thoughtfully transformed. Every major system has been addressed, creating a home that doesn’t just look updated—it lives that way. A new roof, HVAC system, fully upgraded copper electrical, new sewer line, and a new water heater provide the kind of behind-the-walls confidence buyers rarely find.
Inside, the renovation feels cohesive and intentional. New wood-look flooring flows seamlessly throughout, complemented by fresh paint, new windows, updated lighting, and new front and back doors that frame the home with a clean, modern edge. The kitchen has been completely reimagined with new cabinetry, sleek countertops, and brand-new appliances—creating a space that feels both elevated and effortlessly functional. The bathroom continues the story with updated tile and refined finishes, while outside, refreshed landscaping enhances the curb appeal and sets a welcoming tone.
Location & Lifestyle: Perfectly positioned for convenience, this home offers a truly walkable lifestyle with popular local favorites less than a half-mile away:
Dining & Coffee: Stroll over to Sprouts Farmers Market for fresh finds, or grab a quick bite at local staples like Casa Garcia’s, Snarf’s Sandwiches, and Bamboo Bistro.
Shopping & Essentials: Everything you need is at your fingertips, from the Texan Markets to the various shops and services at the nearby Westgate and William Cannon corridors.
In a neighborhood defined by its timeless Austin character, this home stands as a polished, premier example of the area’s continued growth—modernized, polished, and ready for its next chapter. This isn’t just renovated. It’s redefined.
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| Nov 15, 2024 | Listed by NB Elite Realty | $249,990 | |
| Listed by NB Elite Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017