2831 Merlin Dr
About This Property
Big backyard. Newer home. Main-floor bedroom and full bath. This is the one buyers have been waiting for.
Designed for the way people live today, this beautifully maintained 5-bedroom, 3-bath home combines open, functional living with the space and flexibility every growing household needs. Whether you're hosting family, working from home, or welcoming overnight guests, the thoughtful floor plan delivers.
At the heart of the home is a stunning kitchen featuring designer cabinetry, a massive center island, spacious pantry, gas range hookup, and all appliances included. It's the perfect place for everything from busy weekday mornings to holiday gatherings.
The main level offers a rare and highly sought-after feature-a bedroom and full bathroom-ideal for guests, multigenerational living, or a private home office.
Upstairs, you'll find a spacious loft with its own fireplace, creating the perfect second living area for movie nights, a playroom, or a quiet retreat. The conveniently located upstairs laundry room makes everyday living easier, and yes-the washer and dryer are included.
The primary suite is designed to help you unwind, featuring a large walk-in shower and plenty of space to relax after a long day.
Step outside and you'll discover what truly sets this home apart: a huge backyard with a covered patio and an additional patio area, giving you endless possibilities for summer barbecues, entertaining friends, letting kids or pets play, or simply enjoying a quiet Colorado evening.
Located just minutes from schools, the area's newest shopping and dining, and with quick access to I-76 for an easy commute, this home offers the perfect balance of convenience, comfort, and room to grow.
Homes with this combination of a newer build, oversized yard, flexible floor plan, and modern finishes don't come along often. Come see it before someone else calls it home.
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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 |
|---|---|---|---|
| Sep 2, 2026 | Price Decreased |
$550,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| Aug 17, 2026 | Price Decreased |
$579,900
↓ $100
(0%) | |
| Price Decreased | |||
| Jul 23, 2026 | Price Decreased |
$580,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed | $600,000 | |
| Listed | |||
| Oct 22, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017