1811 Velvetleaf Ln
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 25, 2025 | Sold | ||
| Sold | |||
| Jun 27, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by Cornerstone Realty and Mortgage | $899,990 | |
| Listed by Cornerstone Realty and Mortgage | |||
| May 15, 2025 | Listed | $939,897 | |
| Listed | |||
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Welcome to this impeccably maintained 4-bedroom, 3-bathroom contemporary home, built by Meritage Homes in 2014 and located in the highly sought-after Ragle Ranch neighborhood. Designed with modern living in mind, this residence blends energy efficiency, quality craftsmanship, and a flexible floor plan. At the heart of the home is a stunning gourmet kitchen featuring rich dark wood cabinetry, a spacious center island, elegant granite countertops, and a premium stainless steel appliance package—perfect for everyday use and entertaining alike. The main level includes a generous den or optional bedroom and a full bathroom, ideal for guests, a home office, or multi-generational living. Upstairs, a spacious bonus loft area offers added flexibility, while two well-sized bedrooms are connected by a Jack-and-Jill bathroom. A dedicated laundry room with washer/dryer is conveniently located on the upper level, a leased solar system for energy efficiency The luxurious primary suite provides a peaceful retreat, complete with dual walk-in closets and a spa-like en suite bathroom. Property just steps from a community park with a basketball court & playground, and only minutes from regional Park, the Open Space Preserve, and Hwy 101, this home offers the perfect balance of contemporary design.
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| May 9, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017