20 Crape Myrtle 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 |
|---|---|---|---|
| Jan 24, 2025 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Listed by EXP Realty | $1,575,000 | |
| Listed by EXP Realty | |||
| | |||
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Welcome to your new home at 20 Crape Myrtle Drive, nestled in the coveted Holmdel Ridge community of Holmdel. This stately residence, built in 2000 on a generous .87-acre lot, boasts timeless elegance and modern conveniences across approximately 4,000 square feet. Recently upgraded, the entire interior has been freshly painted, and all brand-new hardwood floors have been installed, adding to the home's refined appeal. Crafted with a classic 3-sided brick exterior, this home features 4 bedrooms and 3.5 baths, offering ample space and privacy for the whole family. A grand entrance awaits through the 2-story foyer, leading to a spacious great room flooded with natural light, creating an inviting atmosphere for gatherings and relaxation. The heart of this home is the updated chef's kitchen, adorned with granite countertops and stainless-steel appliances. Adjacent, a butler's pantry complete with a wine fridge and sink adds a touch of sophistication, perfect for entertaining guests. Dual staircases, both front and rear, enhance the flow and accessibility throughout the residence. Upstairs, all bedrooms include walk-in closets, with the primary bedroom suite featuring his-and-hers walk-in closets for added luxury and organization. The potential for expansion continues with a full daylight walk-out lower level, already plumbed for a bathroom, awaiting your personal touch. Outside, the expansive grounds offer endless possibilities, including ample space for a future pool, complemented by the southern exposure that floods the home with sunlight throughout the day. Conveniently located, this home provides easy access to major transportation routes, Hazlet train station (less than 1 mile away), the GSP, as well as top-rated schools, fine dining, and a host of amenities, ensuring a lifestyle of comfort and convenience.
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| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 27, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017