716 Cherry Street
About This Property
The bright indoor living spaces all have great views. The informal dining room overlooks the lake and has an adjacent comfortable sitting area. The custom kitchen features both a preparation island and a full eating area with lakeviews. The open kitchen flows into a large Family Room with fireplace and double french doors thrown open to combine with the very large screened lanai pool area. There is a third outdoor living area with a large paver patio for play or entertaining.Pls see MORE! You pass the first floor guest bath on your way up to an extraordinary master suite and three more good-sized bedrooms with a large hall bath. The home feels larger inside than its 2,504 sf and with three large outdoor living spaces, it feels like a private preserve.
Many upgrades to the home since purchase in 2008, including metal roof with lifetime warranty, two new HVAC units, bamboo flooring, granite counter tops, screening for pool area, large paver patio, and more!
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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 |
|---|---|---|---|
| Jun 1, 2016 | Sold | ||
| Sold | |||
| Sep 18, 2014 | Sold | ||
| Sold | |||
| Jun 21, 2014 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $449,900 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
| Aug 27, 2013 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | $464,900 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS SOUTHSIDE | |||
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Beautiful lakefront POOL home with multiple outdoor living areas- a screened lanai, large paved patio, perfect for parties, and a grass backyard. There is even a closet perfect for wine! This spacious home features a formal living room and dining room, as well as an office. Open Floor Plan with Kitchen/Family Room combination flowing out to pool area. Many upgrades to home since purchase in 2008, including metal roof with life time warranty, two new HVAC units, bamboo flooring, granite counter tops, screening for pool area, large paver patio, and more!
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| Jan 15, 2008 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017