7501 Maddrill Lane
About This Property
home.
This custom home was extremely well built, with 2x6 wall construction and foam board
insulation. Inside, the walls are a rich cedar, the floors are hardwood, and the ceilings are
vaulted. The windows are wood cased, and provide a panoramic view of the private meadow
and forest behind the home. The kitchen is equipped with all Cafe appliances, including a 6-
burner stove. There is a reverse osmosis water filter system under the sink for excellent
drinking/cooking water. The wood stove/fireplace easily heats the home, but there is also central
heating and air-conditioning.
The 2-car garage is oversized at 575 sq. ft., with 10 ft. ceilings, automatic doors, ample storage
cabinets, and even has its own heater.
Last year the leach lines were replaced, a new 14 KW automatic-start/stop whole-house
a generator was installed, and a beautiful new rear deck was built.
The property has a 48 ft. x 26 ft. 3-stall horse barn, with a tack room and storage for 200 bales of
hay, with out-the-back-gate access to miles of logging roads and trails for riding. However, you
don't need to own a horse to love the surrounding forest.
There is also a 32 ft. x 50 ft. shop, half of which is enclosed, with double roll-up doors and a
concrete floor. The other half is open for easy storage of equipment and ATV/RV vehicles.
The home is on a county road and is maintained and plowed when it snows. It is also in the
Biggers Glenn water district which supplies water to near-by fire hydrants, as well as to the
homes, and has an automatic start generator when electrical power is interrupted.
You really have to see the property to appreciate just how beautiful it is.
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Cap Rate Calculator
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 25, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | Listed by Century 21 Select Real Estate, Inc. | $699,000 | |
| Listed by Century 21 Select Real Estate, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017