9250 CHERRY LN #4
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%.
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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 |
|---|---|---|---|
| Jul 14, 2023 | Sold | ||
| Sold | |||
| Jun 1, 2023 | In contract | - | |
| In contract | |||
| May 29, 2023 | Price Decreased |
$279,000
↓ $10K
(3.5%) | |
| Price Decreased | |||
| May 18, 2023 | Listed by O'Brien Realty | $289,000 | |
| Listed by O'Brien Realty | |||
| | |||
|
This Creme Puff needs to be at the top of your list to see! This 2 bedroom, 2 bathroom condo is in Cherry View Park, a 50+ community! Everything is on one floor making access easier for in/out and around the condo. This unit has recently been updated and it shows! There are all new appliances in the kitchen (2023), new HVAC unit (2022), new flooring throughout and freshly painted in a neutral light gray tone and some lighting upgrades. The washer & dryer and hot water were all new in 2021! The unit has a spacious primary bedroom with 2 huge closets. The second bedroom has a bay window in it for displaying your holiday decorations or plants. The condo boasts a very nice size living room overlooking the concrete patio. Enjoy your morning beverage in the quietness of your backyard. This building has a privacy fence along the back side. The kitchen is a galley style with brand new appliances (stove, refrigerator and dishwasher) with beautiful corian countertops. There is a half wall between the dining room and the living room making a more open concept feeling for those family gathings. There is no need to go out to do your laundry as this one has an in -unit full size washer and dryer. There is ample closets in this unit to store your linens, pantry items coats etc. There is also an attached storage closet outside by the patio. This community has affordable HOA fees which takes care of trash service, exterior grass maintenance, exterior building insurance, etc. A new roof is scheduled for this building in 2024. The community has a wonderful pavilion which has a full kitchen for community and private events. You will want to put this condo on your list of must see condos as it will go fast!
| |||
| Oct 13, 2021 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/21/2026
|
2 Bed
|
2 Bath
|
1087 ft²
|
$280,000
2 Bed
2 Bath
1087 ft²
|
$273,000
-2.50%
06/18/2026
|
Cheryle Davis
Bennett Realty Solutions
| |
|
05/18/2023
|
2 Bed
|
2 Bath
|
1087 ft²
|
$289,000
2 Bed
2 Bath
1087 ft²
|
$279,000
-3.46%
07/14/2023
|
Donna McCrory
O'Brien Realty
| |
|
07/25/2021
| |
2 Bed
|
2 Bath
|
1087 ft²
|
$215,000
2 Bed
2 Bath
1087 ft²
|
-
-
|
Claire Davis
Engel & Volkers Annapolis
|
|
07/25/2021
|
2 Bed
|
2 Bath
|
1087 ft²
|
$215,000
2 Bed
2 Bath
1087 ft²
|
$215,000
10/13/2021
|
Claire Davis
Engel & Volkers Annapolis
| |
|
01/20/2020
|
2 Bed
|
2 Bath
|
1087 ft²
|
$209,999
2 Bed
2 Bath
1087 ft²
|
$210,000
+0.00%
04/20/2020
|
Jay Fischetti
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017