1809 Morely Drive
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%.
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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.
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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 21, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Relisted | $364,000 | |
| Relisted | |||
| Feb 8, 2026 | In contract | - | |
| In contract | |||
| Jan 23, 2026 | Listed by Blue Marlin Real Estate | $364,000 | |
| Listed by Blue Marlin Real Estate | |||
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A standout 4-bedroom deal with preserve-backed privacy!
Move-in ready 4-bedroom, 2-bath home in Adamson Creek—currently the BEST priced 4-bedroom in the community.
Offering the space of a four-bedroom home at a price point RARELY seen in the neighborhood for a four-bedroom, this property stands out as a true value-driven opportunity.
Situated on a desirable street and backing to a protected preserve, the backyard delivers a level of privacy and tranquility not often found in builder communities—no rear neighbors, just peaceful preserve views.
The split floor plan provides both functionality and privacy, while the kitchen features a center island and a walk-in pantry. The primary suite includes dual sinks, a walk-in shower and generous closet space.
Recent updates include fresh interior and exterior paint, new carpet in all bedrooms (May 2025), gutters (2023), and new sod in both the front and backyard.
Enjoy community amenities including a pool, playground and trail.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017