602 LACEWOOD DRIVE
About This Property
The living room features a striking accent wall with vertical wood detailing and a dramatic marble-look centerpiece, creating a distinctive focal point. An octagonal window adds character, while recessed lighting, a contemporary ceiling fan, and attractive LVP flooring complement the room's fresh, modern feel.
The BRAND-NEW kitchen is a standout, showcasing high-end finishes and stainless steel appliances for a polished space that is equally suited to everyday meals and entertaining. Right off the kitchen is a window-lined, bright dining room for family get togethers. Large bedrooms provide comfortable retreats with room to relax and make each space your own. Two renovated bathrooms carry the home's updated style throughout.
The finished basement with new carpet expands your living options, offering 2 additional bedrooms, valuable space for a recreation room, home office, workshop, or additional gathering space. Outside, the large rear fenced yard provides a covered patio and plenty of room for outdoor entertaining, gardening, play, or simply enjoying a quiet afternoon.
With a beautiful renovation, a brand-new kitchen, two updated bathrooms, and major mechanical improvements already completed, this home is ready for its next chapter. Sqft is based off Floorplan, buyer to confirm as needed... Bring your furniture, unpack, and start enjoying life at 602 Lacewood Drive!
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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 |
|---|---|---|---|
| Oct 8, 2026 | Listed by Winning Edge | $335,000 | |
| Listed by Winning Edge | |||
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jun 23, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by EXP Realty, LLC | $225,000 | |
| Listed by EXP Realty, LLC | |||
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Opportunity knocks at 602 Lacewood Drive. This 4-bedroom, 2 full bath split foyer offers solid bones, valuable updates, and the chance to create equity through renovation. While the home requires a complete cosmetic overhaul, several major components have already been addressed, including a roof replaced in 2019, modern replacement windows, and a water heater that is only two years old.
The spacious layout includes a desirable family room addition off the kitchen, providing extra living space rarely found in similar homes. Outside, you'll find a generous yard with plenty of room for entertaining, gardening, or future improvements, along with a storage shed featuring a newer roof. Sold strictly as-is and including all contents remaining at the time of settlement, this property is ideal for investors, contractors, renovators. Cash, Hard Money, and Renovation Financing Only
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| Jun 7, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017