401 MELVIN AVENUE
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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 |
|---|---|---|---|
| Jul 23, 2024 | Sold | ||
| Sold | |||
| Jun 12, 2024 | In contract | - | |
| In contract | |||
| Jun 6, 2024 | Listed by Coldwell Banker Realty | $1,275,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
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Welcome to your dream home in sought after West Annapolis. This impeccably maintained 8-year-old Craftsman residence offers the perfect blend of comfort, style, and functionality. Located in the heart of the community on a corner lot you will enjoy both the neighborhood action of Melvin as well as the quiet side and rear yard with driveway on Tolson. Step inside from the front porch and be greeted by an open floor plan that is perfect for entertaining with 9 ft ceilings, hardwood floors, crown moldings, stainless steel appliances, and granite countertops. The family room with gas fireplace opens to the screened porch with trex decking that leads to the fully fenced rear yard. The spacious primary suite offers a soaking tub, large walk-in shower, double vanity, vaulted ceilings and room for an office. Two additional bedrooms with shared hall bath and spacious laundry room on bedroom level have new washer & dryer and built-in cabinets. The unfinished basement presents a blank canvas for your future expansion plans and is already plumbed for a bathroom and has an egress window for the bedroom. Built with quality throughout by Dan Santin. Enjoy the convenience of being walking distance to all that West Annapolis has to offer. This stunning home is close proximity to the Tolson Street Park, Tucker Street boat ramp, WA elementary school, RAR Brewery, Always Ice Cream, and more. Tax records incorrect, actual above grade SQFT is 2240.
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| Dec 4, 2015 | Sold | ||
| Sold | |||
| May 20, 2015 | Sold | ||
| Sold | |||
Property Highlights
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About Annapolis
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017