1568 Fig Tree Way
About This Property
Discover contemporary coastal living in this stunning 1,725 square foot townhome located in the highly desirable Sunset at Melrose community. Tucked into this community and just steps from the tot lot, this home offers 3 bedrooms, 3.5 bathrooms and a spacious 2-car side-by-side garage equipped with an EV charging port. There is a ground floor full bedroom and bathroom that is so versatile! Built in 2022 by Lennar Homes, this energy efficient home features owned solar panels, tankless water heater and modern upgraded finishes throughout. The open-concept floorplan is perfect for entertaining, with abundant natural light, stylish design elements and a deck off of the family room. Enjoy access to the community amenities, including a pool, spa, playground, picnic areas and open green space and plenty of places to walk or jog. Conveniently located to shopping, dining and minutes from the coast! Don't miss this incredible opportunity!
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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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| Jun 8, 2025 | In contract | - | |
| In contract | |||
| May 28, 2025 | Listed by Strategic Sales & Mkt. Grp.Inc | $774,000 | |
| Listed by Strategic Sales & Mkt. Grp.Inc | |||
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