15 School Street
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 |
|---|---|---|---|
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Oct 2, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Listed by Leading Edge Real Estate | $989,900 | |
| Listed by Leading Edge Real Estate | |||
| | |||
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Welcome to this charming side-entrance Colonial situated on the desirable East Side of Melrose. This beautifully stewarded home offers modern conveniences while retaining its classic appeal. The renovated kitchen, complete with gorgeous oversized island, is hub central, perfectly planned with built-in microwave drawer, storage and seating galore! Primary bedroom is a delight with a walk in closet and en-suite bath. Two additional bedrooms and large main bath finish off the second level, while the walk up attic offers storage or expansion potential. Finished lower level, central air and two car garage knock this beauty out of the park! Enjoy outdoor activities in the large, flat rear yard, ideal for gardening or relaxation. Conveniently close to parks, the country club, major routes and vibrant downtown Melrose, this home offers both comfort and convenience in a prime location.
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| Dec 3, 2014 | Sold | ||
| Sold | |||
| Sep 18, 2014 | Listed by Leading Edge Real Estate | $559,000 | |
| Listed by Leading Edge Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017