1556 Merlin Road
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 |
|---|---|---|---|
| Jul 31, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Keller Williams Preferred Realty | $280,000 | |
| Listed by Keller Williams Preferred Realty | |||
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***Multiple offers received; highest and best due Monday 6/24/24 by 12:30PM. **** This 3BD/2.1BA home is ready to welcome you home. The front porch is perfect for catching seasonal views of the neighborhood. This spacious and updated home provides both style and comfort for everyone. The 2-story foyer is elegant giving you options toward the formal living/dining rooms or the family room/kitchen. Moving to the left side of the home, the formal living room features a gas fireplace and a cut stone surround that provides a warmth to the room in both temperature and design feel! Through the living room, you'll find the formal dining space overlooking the backyard/green space. Steps away is the kitchen featuring custom cabinets, Corian counters, and a breakfast bar that opens into the eat-in kitchen area and family room. You can step outside to the backyard from here along with the garage. Be sure to check out the DEEEEP under stair closet, too. On our way upstairs, you'll find the main floor half bath with the laundry neatly tucked inside. At the top of the stairs to the left is your master suite. Vaulted ceilings and a large bank of windows give this space a grand feel. Organizing has never been easier with this custom walk-in closet. The bathroom has split double vanities, a large soaking tub, and a separate shower. The other two upstairs bathroom have good sized closets and share a second full bathroom in the main hall. The outdoor space is perfect for entertaining or just enjoying on your own with a a treat: The welcoming porch overlooks a manicured lawn, and the generous backyard sports a curvy patio, updated deck, and PLENTY of room for outdoor fun. This is an ideal upsizer in a location that's near schools, parks, shopping, restaurants, entertainment, and interstate access. WH 2018. Furnace 2017. Floors 2020. Thermostat 2023.
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| Sep 22, 2021 | Sold | ||
| Sold | |||
| Jul 23, 2021 | Listed by Coldwell Banker Realty | $235,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017