2 Madel 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 |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 19, 2024 | Listed by Compass | $798,000 | |
| Listed by Compass | |||
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Easy one-level living is yours at 2 Madel Lane! Tucked away on a cul-de-sac in a beloved West Bedford neighborhood is this gem of a home. Updated and added on to over the years, this house is move in ready! The updated oak and granite kitchen is nicely open to the family room. A favorite spot is the expansive 3 season room off the kitchen, the perfect place to take in the private backyard. On chilly nights, head into the living room and relax by the fireplace while watching the big game! Many holidays have been celebrated in the dining room with oversized bow window. 3 bedrooms and an updated bath are nicely situated on the other end of the house. The lower level is partially finished with a den, play room and great workshop/storage spaces. Many updates here - roof and windows less than 10 years old, new driveway, fresh paint, mini-split for AC. West Bedford is a quiet area of town, with farms and conservation areas and trails yet moments to Bedford and Concord Centers. Welcome home!
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| Mar 26, 1965 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017