8 Merritt Road
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 |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 9, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Listed by DJB Realty Corporation | $1,150,000 | |
| Listed by DJB Realty Corporation | |||
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Welcome to this beautifully updated 4BR, 3 bath home in one of Hanover’s most desirable neighborhoods. Sun-filled living spaces feature upgraded recessed lighting and custom window treatments, while the finished 600+ sq ft basement offers endless options. Peace of mind comes with newer systems: furnace (2018), AC (2019), and hot water heater (2021). Recent updates include all new siding, gutters, and exterior doors with transferable lifetime warranties (2025), plus new garage doors (2023). Outdoors, relax or entertain with a custom patio, Hotsprings hot tub with motorized cover, updated irrigation system, and striking landscape and roofline lighting. Set on a beautiful lot with great curb appeal, this home combines modern comfort and thoughtful upgrades with a highly sought-after Hanover location close to schools, shopping, and all the South Shore has to offer. Come on by and see for yourself at the first viewing this weekend at the open houses.
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| Aug 4, 2017 | Sold | ||
| Sold | |||
| Apr 4, 2017 | Listed by Coldwell Banker Residential Brokerage - Canton | $679,000 | |
| Listed by Coldwell Banker Residential Brokerage - Canton | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017