3 Mellen Lane
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%.
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 |
|---|---|---|---|
| Jan 15, 2025 | Sold | ||
| Sold | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by Coldwell Banker Realty - Weston | $1,095,000 | |
| Listed by Coldwell Banker Realty - Weston | |||
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Opportunity knocks in Wayland! Welcome to this expansive, 8 room, 4-bedroom, 2 full bath ranch style home perfectly positioned on 1.39 pastoral acres on a cul de sac in an area of much more expensive homes! Enjoy easy one floor living with a flexible floor plan featuring a well-appointed kitchen offering ample cabinet and counter space, and an inviting living room, with a wood burning fireplace and custom-built in shelving. The adjacent formal dining room provides an elegant space and a welcoming family room, enhanced by a bay window, offers a 2nd fireplace. The spacious bedroom wing has a primary retreat with a walk-in closet an en-suite bath, plus 3 additional bedrooms and another full bath. Don’t miss the screened in porch, partially finished lower level with abundant storage and two-car attached garage w/storage room, freshly refinished hardwood floors, & new electrical system. Renovate, build new or move right in. So much potential, bring your vision and make this your dream home!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017