36
Map
5602 PHELPS LUCK 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 |
|---|---|---|---|
| Feb 27, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jan 15, 2025 | Listed by EXP Realty, LLC | $613,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Open House Saturday, January 25th, 1–3 PM! Stop by and imagine the possibilities!
This 4-bedroom colonial in Columbia's desirable Long Reach neighborhood is full of potential and ready for your vision. With neutral colors and elegant architectural details like crown molding and chair rails, this home provides a solid foundation to create your dream space. Recent improvements include a new roof (2020), new siding, leaf gutters, main level hardwood flooring and porcelain tile, dining room chandelier and recessed lighting, finished lower level (2021), new furnace (2022), and back patio (2023). The chef's kitchen boasts quality white cabinetry, granite countertops, a large refrigerator, and a stainless steel range with double ovens. The cozy family room includes a fireplace, and French patio doors open to a spacious deck and backyard—ideal for outdoor entertaining.
Upstairs, the master suite offers a generous walk-in closet and a large bath. Additional conveniences include a main-level laundry room with an adjoining garage, a large pantry, washer and dryer, and coat hooks.
Set on a nice lot near Blandair Park, this home is close to shopping, schools, and outdoor recreation. Enjoy access to the Columbia Association's extensive amenities, including 23 outdoor pools (some with mini-waterparks), indoor pools, fitness clubs, golf courses, an art center, and more. The community also features lakes, parks, tot lots, pickleball, basketball and tennis courts, and 95 miles of pathways for jogging, strolling, and biking.
Bring your creativity and make this home your own—don't miss the opportunity to experience all that Columbia living has to offer!
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| Feb 21, 2020 | Sold | ||
| Sold | |||
| Nov 7, 2019 | Listed by RE/MAX Realty Group | $409,000 | |
| Listed by RE/MAX Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017