19 Melissa Lane
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 |
|---|---|---|---|
| Jan 31, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2023 | Listed by Keller Williams Realty West Monmouth | $725,000 | |
| Listed by Keller Williams Realty West Monmouth | |||
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Welcome to this colonial home nestled on serene Melissa Lane, where modern luxury meets classic elegance. The kitchen boasts granite countertops, new stainless steel appliances and refinished white cabinetry. A slider to the backyard provides the perfect setting for entertaining, and a convenient pantry ensures ample storage. Adjacent, an office and laundry room combo with a newer washer and dryer and slop sink piping in place with hot and cold water makes everyday tasks easy. Inviting living spaces are adorned with crown molding, and the family room features hardwood floors. The updated dining/living room combo showcases new flooring, a wet bar with granite, and an electric fireplace accented by stone, flocked by two built-on bookshelves. Finishing up the 1st floor, find a newly renovated half bath. Upstairs, discover 2 more full bathrooms and four bedrooms, with the master suite boasting crown molding, hardwood flooring and a walk-in closet. Additional amenities include a full dry basement, a shed for extra storage, a 2-car garage, 6-panel doors, and blinds for privacy. The fenced yard offers a private oasis with an inground pool, complete with a safety fence and cover, a new sand filter and a 2-tier paver patio. Inground sprinklers and a Generac generator which supplies power to the entire home completes this fantastic offering. Don't miss the opportunity to make this exceptional colonial your new home sweet home!
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| Oct 15, 2018 | Sold | ||
| Sold | |||
| May 14, 2018 | Listed by Coldwell Banker Realty | $435,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017