20 Melrose Lane
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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.
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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 |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jun 21, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Listed by Signature Premier Properties | $865,000 | |
| Listed by Signature Premier Properties | |||
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Welcome to this beautifully updated Colonial residence offering a perfect blend of timeless elegance and modern comfort. Nestled in a cul-de-sac, this 4-bedroom, 2.5-bathroom home is designed to cater to everyone's needs. As you approach the home, you are greeted by a classic Colonial facade featuring a symmetrical design, a welcoming front porch with stately columns and windows galore. The meticulously landscaped front yard and well-maintained exterior create a stunning first impression. The heart of the home is the updated kitchen, boasting quartz countertops, stainless steel appliances and custom cabinetry. The open layout seamlessly connects the kitchen to a cozy breakfast nook and the family room, which features a charming brick fireplace. Upstairs, you will find four generously sized bedrooms. The primary suite offers a private retreat with a luxurious en-suite bathroom featuring a marble vanity, a soaking tub, and a separate glass-enclosed shower. Three additional bedrooms share a beautifully updated hall bathroom with modern fixtures and finishes. The home includes 2.5 bathrooms, each thoughtfully updated with contemporary fixtures and tasteful finishes. The half-bath on the main level is conveniently located. The partial basement provides a laundry area with ample storage space. The backyard is a private oasis with a spacious paver patio, ideal for outdoor living. The lush lawn and mature trees create a tranquil environment.
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| May 9, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Apr 18, 2024 | Withdrawn | - | |
| Withdrawn | |||
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About Commack
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$8,000 /mo
- 4 Beds
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- 2,360 ft²
$2,350 /mo
- 1 Bed
- 1 Bath
- 550 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017