622 LEE WAY
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%.
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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 |
|---|---|---|---|
| Aug 4, 2023 | Sold | ||
| Sold | |||
| Jul 3, 2023 | In contract | - | |
| In contract | |||
| Jun 27, 2023 | Price Increased |
$495,000
↑ $30K
(6.5%) | |
| Price Increased | |||
| Jun 27, 2023 | Listed by EXP Realty, LLC | $465,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
|
Multiple offers received, all offers due Saturday at 10pm to be considered and reviewed by the seller Sunday. Open House has been cancelled
Welcome to 622-B Lee Way! This stunning house was just built in 2016 and has only been home to the current owner! All the luxury finishes and new house feel you'd expect from a new construction home, this place has it all! The main level has hardwood floors throughout, a bright open living room with a fireplace, a half bathroom, and an upgraded kitchen with all stainless steel appliances, luxury countertops, and stunning cabinets! Upstairs are four spacious bedrooms and two modern bathrooms. The basement is partially finished and features a second living space as well as another full bathroom! Outside is a beautiful front porch, and a yard with views of trees! The attached 2 car garage is spacious! Just steps away from downtown Bel Air, yet tucked away in a quiet suburban neighborhood, this house is perfect for anyone looking for upscale living in a convenient location!
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| May 12, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017