11511 MONTICELLO AVENUE
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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.
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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 8, 2025 | Sold | ||
| Sold | |||
| Mar 10, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Listed by Washington Fine Properties, LLC | $725,000 | |
| Listed by Washington Fine Properties, LLC | |||
| | |||
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Welcome to this well-maintained split-level home situated on a large, level lot in the desirable Kemp Mill Estates neighborhood. As you enter through the covered porch, you’ll notice inside the gleaming hardwood floors and vaulted ceiling with recessed lighting in the living room, as well as floor to ceiling windows looking outdoors in back with sliding glass doors onto the patio and the large, fully fenced-in backyard. Lots of natural light. Just off the living room is the L of the formal dining area. An enlarged and bright eat-in kitchen including a front bay window, ample solid wood cabinets, granite countertops, SS appliances, built in desk/home office is next to the dining room. A few steps up offer 4 large bedrooms with plenty of closet space, plus two full bathrooms. A few steps down from the main entrance is an ample family room including a full wall of built-in bookcases and a play area. On that same level, behind a door (with lock) is a separate studio apartment, including a small kitchen, bathroom and living area, licensed by the County for rental or suitable for office, in-law suite or guests, with separate outdoor entrance. The lowest level is recently fully finished with huge closet storage, new floors, area for additional refrigerator/freezer, workbench, laundry room, additional living space or home gym or study. Location is prime, easy walking distance to many schools, community pools and Kemp Mill shopping center, bus routes and quick access to I-495, Route 29 and the ICC.
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| Jul 23, 1991 | Sold | ||
| Sold | |||
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About Kemp Mill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017