7208 CHERRY 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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Apr 6, 2026 | In contract | - | |
| In contract | |||
| Mar 15, 2026 | Listed by Samson Properties | $650,000 | |
| Listed by Samson Properties | |||
| Aug 26, 2025 | Listed | $659,000 | |
| Listed | |||
| | |||
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Welcome to Ms. Cherry Lane! This elegant home is a stunning 4 bedroom, 2.5 bath colonial, offering over 3,500 sq. ft. of beautifully finished living space! From the moment you step inside, you'll be captivated by the modern upgrades, and inviting calm atmosphere that make this home truly special. The heart of the home features a brand-new granite kitchen with plenty of dining space, that seamlessly flows into the family room—perfect for entertaining or cozy nights in. With speakers throughout the kitchen and office, you can set the atmosphere for any occasion. On the top level there are 4 spacious bedrooms, one of which has been transformed into a boutique walk-in closet. This level also includes a laundry room that will make washing clothes easier. The primary bedroom features a tray ceiling, walk-in closet and large ensuite bathroom. The fully finished basement provides additional space for a home office, gym, or recreation area, and a potential 5th bedroom. The added surround sound speakers make this a great hangout! There are endless possibilities. With a 2 car garage and a parking pad in the rear of the home, parking is always available. Nestled in a prime location near I-95, Route 29, and MD-198, you’ll enjoy easy access to shopping, parks, dining, and commuter routes, making everyday living a breeze. Don’t miss the chance to make this gorgeous home yours—schedule a showing today!
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| Apr 13, 2025 | Price Decreased |
$669,000
↓ $1K
(0.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017