8 Magnolia 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 |
|---|---|---|---|
| Aug 7, 2024 | Sold | ||
| Sold | |||
| Jun 22, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Relisted | $679,000 | |
| Relisted | |||
| Jun 7, 2024 | In contract | - | |
| In contract | |||
| May 29, 2024 | Listed by Redfin Real Estate | $679,000 | |
| Listed by Redfin Real Estate | |||
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Welcome to 8 Magnolia Drive, a beautifully updated ranch nestled on a lovely, quiet, tree-lined street in the heart of Commack. The charming exterior features a new front fence, enhancing curb appeal, and a welcoming new storm door. Enter inside to discover an open-concept main floor, perfect for modern living and entertaining. The recently renovated kitchen boasts a new island, sleek stainless-steel appliances, stylish hi-hat lighting and ample storage. The primary bedroom offers a convenient half bath, while the fully finished lower level, complete with a private entrance along with a bedroom, den, bathroom, is ideal for guests. Outside, the fenced-in flat yard is an entertainer's dream, providing a safe and spacious area for gatherings. A new, large custom shed offers additional storage, complementing the home's functionality. Key mechanical updates include a 200 AMP service and a new gas-fired boiler installed in 2022, ensuring efficiency and peace of mind. Located close to parkways and trains, this home offers easy commuting options. Enjoy the convenience of nearby shopping and restaurants, making daily errands a breeze. Don't miss out on this must-see gem in a prime location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017