22 Mary Ellen 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 |
|---|---|---|---|
| Sep 1, 2026 | Listed by J.J. ELEK REALTY CO. | $1,675,000 | |
| Listed by J.J. ELEK REALTY CO. | |||
| Jun 5, 2026 | Price Decreased |
$1,675,000
↓ $115K
(6.4%) | |
| Price Decreased | |||
| May 2, 2026 | Listed by KELLER WILLIAMS ELITE REALTORS | $1,790,000 | |
| Listed by KELLER WILLIAMS ELITE REALTORS | |||
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Welcome to a modern mediterranean colonial hybrid estate - a newly constructed 2025 luxury residence thoughtfully designed for elevated, multigenerational living in one of Edison's most premier neighborhoods. Situated on a desirable corner lot, this expansive home offers 7 bedrooms and 6.5 bathrooms, including 3 private en-suite retreats, delivering both privacy and sophistication for modern extended families. A main-level bedroom with a full bath provides effortless convenience for guests or joint family living, while the fully finished above-grade walkout basement mirrors this versatility with an additional bedroom and full bathideal for recreation, entertaining, or seperate living quarters. From the entrance, you are greeted with grand 18-foot foyer, setting a striking tone of scale and elegance, complemented by 9-foot ceilings throughout that enhance the home's open, airy feel. The heart of the home is a sprawling, light-filled kitchen, masterfully designed to accommodate large gatherings and seamless day-to-day living. With abundant ventilation and generous space, it is perfectly suited for those who value both function and refined entertaining. Designed with true multigenerational ease in mind, the home features two dedicated laundry rooms and a dual zone HVAC system, offering added convenience and efficiency for a busy household. Every detail of this residence has been curated to meet the expectations of discerning buyers seeking both luxury and practicality. The walkout basement opens directly to the backyard, creating a seamless indoor-outdoor lifestyle rarely found at this level. This is more than just a homeit's a statement of comfort, scale, and modern elegance, ideally positioned within a highly sought-after community known for its convenience, prestige, and accessibility. 22 Mary Ellen Dr presents a rare opportunity to own a newly built, turnkey estate designed for today's luxury lifestyle.
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| Aug 12, 2025 | Listed | $1,650,000 | |
| Listed | |||
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Masterpiece newly built in North Edison! Welcome to this breathtaking colonial residence boasting over 5,764 square feet of meticulously renovated living space, nestled on nearly half an acre in the heart of top-rated North Edison School District. From the moment you enter the grand foyer with soaring ceilings, you'll be captivated by the perfect blend of classic elegance and modern luxury. The main level features a stunning formal living room, elegant dining room, a spacious bedroom, 1.5 beautifully appointed baths, and a gourmet kitchen with quartz countertops and outstanding lighting, perfect for entertaining. A large family room and an additional flexible space provide endless possibilities for customization. Upstairs, discover five spacious bedrooms and four full bathrooms, including a lavish master suite with an enormous closet and abundant natural light your own private retreat. The ground level is an entertainer's dream with three versatile rooms, a full bath, laundry room and direct access to built-in garages and a gorgeous backyard oasis. The expansive driveway easily accommodates multiple vehicles. Two zone central air and heating making this beauty a very energy efficient home. Don't miss this rare opportunity to own a completely gutted showstopper in one of Edison's most coveted neighborhoods. Schedule your private tour today!
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| Jun 16, 2025 | Listed | $1,725,000 | |
| Listed | |||
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Masterpiece newly built in North Edison! Welcome to this breathtaking colonial residence boasting over 5,764 square feet of meticulously renovated living space, nestled on nearly half an acre in the heart of top-rated North Edison School District. From the moment you enter the grand foyer with soaring ceilings, you'll be captivated by the perfect blend of classic elegance and modern luxury. The main level features a stunning formal living room, elegant dining room, a spacious bedroom, 1.5 beautifully appointed baths, and a gourmet kitchen with quartz countertops and outstanding lighting, perfect for entertaining. A large family room and an additional flexible space provide endless possibilities for customization. Upstairs, discover five spacious bedrooms and four full bathrooms, including a lavish master suite with an enormous closet and abundant natural light your own private retreat. The ground level is an entertainer's dream with three versatile rooms, a full bath, laundry room and direct access to built-in garages and a gorgeous backyard oasis. The expansive driveway easily accommodates multiple vehicles. Two zone central air and heating making this beauty a very energy efficient home. Don't miss this rare opportunity to own a completely gutted showstopper in one of Edison's most coveted neighborhoods. Schedule your private tour today!
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About Middlesex
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017