15 Format Lane
About This Property
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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 |
|---|---|---|---|
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by Signature Premier Properties | $850,000 | |
| Listed by Signature Premier Properties | |||
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Situated at 15 Format Lane in the heart of Smithtown, this home invites you to explore its blend of elegance and functionality.
Nestled in a serene neighborhood with tree-lined streets, this home combines classic charm with modern conveniences, offering an ideal retreat for both relaxation and entertaining. The surrounding community boasts a warm and welcoming atmosphere. With meticulously maintained landscapes and a location that balances privacy with accessibility, this property truly stands out as a gem in the area.
This move-in ready Colonial home features 4 bedrooms and 2.5 bathrooms. The front porch adds charm to the exterior. Inside, you will find a spacious living room with large windows. The eat-in kitchen is equipped with stainless steel appliances and granite countertops. The formal dining room includes French doors leading out to the rear patio. The family room has a fireplace, hardwood flooring, interior door to garage and French doors that open to the rear yard. The master suite includes vaulted ceilings and an ensuite bathroom. Additionally, there are 3 bedrooms and a hall bathroom. The property includes a young roof and exterior siding, a fenced yard, inground lawn sprinklers, a paver patio with pergola, paver driveway and walkway, and a fully landscaped backyard in a mid-block location. Other features include central air conditioning, double pane windows, natural gas, hot water, and a 2-car garage.
Full basement with recreation area, plenty of closet storage, utility room, washer and dryer.
The home is located in the Smithtown School District and is close to various amenities.
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| Sep 16, 2020 | Sold | ||
| Sold | |||
| Jun 29, 2020 | In contract | - | |
| In contract | |||
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About Nesconset
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$4,350 /mo
- 3 Beds
- 2 Baths
- 1,800 ft²
$3,400 /mo
- 2 Beds
- 1 Bath
- 820 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017