220 Lily Patch Lane
About This Property
One of the standout home designs in this community is a contemporary two-story townhome featuring a seamless open-concept layout. On the main floor, the Great Room connects effortlessly to the dining area and chef-inspired kitchen, which boasts sleek finishes and ample workspace. Step outside onto a private patio, ideal for enjoying fresh air or hosting casual gatherings.
Upstairs, the layout continues to impress with two secondary bedrooms and a spacious owner's suite complete with a walk-in closet and full private bath.
Part of the Designer Collection, these new townhomes offer both style and convenience. Residents will enjoy onsite amenities including a playground and dog parks, perfect for relaxation or staying active.
Just minutes away, downtown Smithfield offers boutique shopping, dining, and cultural attractions rich in local history. Downtown Clayton, less than 10 miles away, features charming breweries, fitness studios, and more. For commuters, Holts Landing provides quick access to major employers such as Amazon, Grifols Therapeutics, and Novo Nordisk, all within an 11-minute drive.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Listed by Lennar Carolinas LLC | $249,990 | |
| Listed by Lennar Carolinas LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/25/2026
| |
3 Bed
|
2 Bath
|
1792 ft²
|
$249,990
3 Bed
2 Bath
1792 ft²
|
$249,990
03/27/2026
|
John Christy
Lennar Carolinas LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017