36 Patten Rd
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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 3, 2024 | In contract | - | |
| In contract | |||
| Jul 10, 2024 | Listed by Compass New England, LLC | $495,000 | |
| Listed by Compass New England, LLC | |||
| | |||
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Own a piece of Merrimack's history with this antique Cape style home at 36 Patten Road. Dating back to 1775, this residence was originally crafted for the Longa Family, offers a rare glimpse into the past. Embrace the opportunity to infuse your own renovations into this historic gem. Home boasts three bedrooms, 1.5 bathrooms, occupying a generous 2,107 square feet. Throughout, you'll find original wide pine floors and paneling. The center chimney with three fireplaces, exposed beams, and skylights further enrich the home's historic allure. The family room with a cathedral ceiling, ceramic tile floor, woodstove, and a slider leading to a deck overlooking the fenced-in rear yard. The spiral staircase to the loft, a versatile space perfect for a home office. The eat-in kitchen features exposed beams and a bay window, creating a welcoming ambiance. Additional amenities include two mini splits with AC, updated 200 amp electrical, a garage with loft storage, and first floor laundry. Oil heat, two heating systems for FHA and FHW plus two oil tanks. Nestled on an expansive and level 2.18-acre lot, this property offers a circular driveway, beautiful perennials, and a majestic apple tree, providing a picturesque setting for outdoor enjoyment.
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| Jun 30, 2010 | Sold | ||
| Sold | |||
| May 6, 2010 | Listed by Compass | $239,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017