7216 MERIDEN Lane
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 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 3, 2024 | Relisted | $570,000 | |
| Relisted | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2024 | Listed by ClearView Realty | $585,000 | |
| Listed by ClearView Realty | |||
| | |||
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Nestled in a quiet westside cul-de-sac, this beautiful one-story home boasts breathtaking views and modern finishes. The open-concept living area features high ceilings, picture windows, and flows seamlessly into the dining area and breakfast nook. The gourmet kitchen is equipped with granite countertops, an oversized island, and ample cabinetry, leading to a cozy family room with a granite fireplace and built-in bookshelves.
The spacious primary bedroom offers stunning views and an en-suite bathroom with a jetted tub and separate shower. With four additional bedrooms, including two with walk-in closets, there's plenty of room for everyone. The home also features custom bathrooms, a well-equipped laundry room, plantation shutters, wood-look tile flooring, and a brand new roof.
The landscaped front and backyard provide a serene space to enjoy panoramic views of El Paso's city lights, Upper Valley, Mt. Cristo Rey, and the Franklin Mountains. Solar panels are fully paid off for energy efficiency.
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| Apr 12, 2021 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017