717 HIGHLAND AVE
About This Property
The standout feature of this property is the 1,100 sq ft, 3.5-car garage with solid wood doors, garage openers, and dual access points-either from the backyard or the driveway. A true dream for any hobbyist or car enthusiast! Nearly every inch of this home has been updated, including new drywall in every room (except the dining room), showcasing modern finishes while retaining classic charm. Gorgeous hardwood floors and detailed wood trim throughout add warmth and character. The spacious living room features a beautiful wood-burning fireplace, perfect for relaxing or entertaining guests. Two generous cedar closets in the hallway offer ample storage and a touch of rustic charm. The expansive dining room boasts a bay window, high ceilings, and recessed lighting, creating the perfect setting for family dinners or gatherings.
The eat-in kitchen is a chef's delight with custom wood cabinets, granite countertops, and a stylish stone backsplash. Stainless steel appliances, including a gas stove, complete the modern look. The first floor also features a laundry room and a half bath for added convenience, with access to an unfinished basement that provides great additional storage space. Upstairs, you'll find three comfortable bedrooms with carpeting and ample natural light. The full bathroom features custom cabinetry, tile floors, glass shower door for a spa-like experience with dual shower heads. Need extra space? The finished attic is perfect for storage, an office, or even a home gym. The possibilities are endless! Step outside to a private backyard featuring an inviting trex deck, an above-ground pool, a fully fenced-in yard, and a multi zoned sprinkler system with beautiful landscaping. This tranquil setting feels like a personal retreat, with easy access to the garage or driveway from the yard. Perfectly located for commuters, this home offers easy access to the River Line Light Rail and is just minutes away from downtown Palmyra's shopping, dining, and entertainment. This home truly combines classic charm with modern updates, creating the perfect space for comfortable living. Don't miss the chance to make it yours-schedule a tour today!
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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 |
|---|---|---|---|
| Mar 27, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | In contract | - | |
| In contract | |||
| Feb 13, 2025 | Listed by Keller Williams Realty - Washington Township | $390,000 | |
| Listed by Keller Williams Realty - Washington Township | |||
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About Palmyra
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017