50 Lannan Drive
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 |
|---|---|---|---|
| Aug 7, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | Listed by Realty ONE Group NEST | $940,000 | |
| Listed by Realty ONE Group NEST | |||
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Why build new when you can move right into this beautifully upgraded home on a private lot in a desirable subdivision abutting a 70 acre town forest. A grand two-story foyer with hardwood floors and a bullnose stairway sets the tone for quality throughout. The first-floor office with pocket doors offers a quiet workspace, while the front-to-back family room with gas fireplace opens through French doors to a bright four-season room with a gas heating stove—perfect for year-round enjoyment. The fully remodeled kitchen is a showstopper, featuring an oversized island, Carrera marble backsplash, commercial-grade KitchenAid appliances, custom-built pantry, granite counters, maple cabinetry, and hardwood flooring. A formal dining room flows seamlessly into the kitchen, and you'll appreciate the first-floor laundry and two oversized pantries. Upstairs are four spacious bedrooms, including a large primary suite with double closets and a newly remodeled bath featuring a luxurious Jacuzzi tub. The partially finished lower level adds a versatile bonus room - perfect for a playroom, home gym, or hobby space. Outside, enjoy a massive Trex deck with vinyl fencing. Additional features include a two-car garage, under-room storage, 3-zone heat and central air, a whole-house generator, and an invisible pet fence. Only 15 minutes to I-93 (Exit 47) and close to Methuen, MA.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| Apr 15, 2020 | Listed by RE/MAX Innovative Properties - Pelham | $599,900 | |
| Listed by RE/MAX Innovative Properties - Pelham | |||
| Dec 20, 2004 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017