1568 Fig Tree Way
About This Property
The open floor plan is bathed in natural light, creating a warm and inviting atmosphere. At the center of this home is the gourmet kitchen, equipped with modern appliances, a spacious island with barstool seating, and a modern farmhouse sink-ideal for culinary enthusiasts and perfect for hosting.
The townhome features three spacious bedrooms, including a primary suite that serves as a tranquil retreat with its dual-sink ensuite bathroom and walk-in closet. A private balcony and 3.5 bathrooms provide ample space for residents and guests to unwind and relax.
A standout feature of this home is its commitment to sustainability, featuring owned solar panels, a tankless water heater, and an EV charging port in the two-car attached garage, blending convenience with eco-conscious living.
High-end finishes and fixtures throughout exemplify coastal contemporary living. Residents of Sunset at Melrose Heights enjoy a playground/tot lot, open grass and picnic area, picturesque landscaping, and proximity to a Sprinter station for easy commuting to the coastline, shopping, dining, and entertainment. Additionally, the community pool and jacuzzi offer the perfect spaces to relax and enjoy the beautiful Oceanside weather.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 8, 2024 | Sold | ||
| Sold | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $839,999 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/28/2025
| |
3 Bed
|
3 Bath
|
1725 ft²
|
$774,000
3 Bed
3 Bath
1725 ft²
|
$758,000
-2.07%
06/16/2025
|
Jennifer Tam
The Real Estate Resource Group
|
|
07/23/2024
| |
3 Bed
|
4 Bath
|
1725 ft²
|
$875,000
3 Bed
4 Bath
1725 ft²
|
$819,000
-6.40%
11/08/2024
|
Manny Perez-Perez
Erik Michael Ransdell, Broker
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017