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1500 Eric Lane
About This Property
The open layout on the main level features soaring vaulted ceilings and a skylight in the entrance foyer, a sunken living room with bay windows and an electric fireplace, a dining room area for entertaining, and a sunlit family room with a side entrance to the backyard deck. The heart of the home is the bright eat-in kitchen with stainless steel appliances, including the electric oven, microwave, and dishwasher, as well as plenty of cabinet space, pantry cabinet, pull-out drawers, kitchen peninsula with seating and storage, built-in wine refrigerator, and wine shelving.
Upstairs has a hallway linen closet and a 2020 updated bathroom - the perfect spa-like retreat complete with vaulted ceilings, a skylight, a ceiling light with integrated WiFi Bluetooth speaker, a custom tile shower with waterfall shower head, large deep tub, double sinks, and high-end light and mirror fixtures. This floor also has two bedrooms with closets and the primary bedroom, featuring custom shelving and cabinets, a walk-in closet, and an ensuite shower with jets.
The top level offers a bonus bedroom or play room with built-in shelving, two closets, and an additional hallway closet with attic access for storage. The lower level provides incredible flexibility, from the home office with plenty of shelving and a side entrance to the backyard, half bathroom, hallway closet, to direct interior access to the attached 2-car garage. The full finished basement has endless possibilities for a gym, den, or additional living space with extensive custom cabinets, industrial-grade durable washer/electric dryer closet, and storage room.
Enjoy your own outdoor oasis in the fully fenced backyard with elevated deck, paved patio, stone benches, retractable awning, and an impeccably landscaped garden - perfect for hosting gatherings or outdoor relaxation. Extensive updates have been completed throughout the home, from the 3-year old roof, 3-year old wood floors, to the 2-year old paved driveway, retaining wall, front steps, and walkway. Additional highlights include a security system, central air, conversion to gas heating, direct interior access to the attached 2-car garage with two parking spots in the driveway, full house generator, leased solar panels, in-ground sprinklers, four heating zones, 200 amp electric, crown molding, and custom window treatments.
Ideally located in the sought-after Barnum Woods proper section of East Meadow with just a 2-minute walk to Barnum Woods Elementary School, this pristine residence with low, grieved taxes is close to popular restaurants, shopping, daily amenities, Eisenhower Park, major highways, and within driving distance of the LIRR. Discover the perfect blend of style and versatility in your dream home at 1500 Eric Lane; schedule your private showing today!
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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.
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About East Meadow
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017