8290 Melrose 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 |
|---|---|---|---|
| Nov 8, 2025 | Price Decreased |
$589,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$594,000
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
| Jun 23, 2025 | Listed | $625,000 | |
| Listed | |||
| | |||
|
Motivated Sellers! All reasonable offers will be considered. Captivating, yet welcoming two-story brick home on 4.57 fenced acres. A hidden gem near Gainesville yet nestled between Melrose and Keystone Heights in Clay County this stunning country home offers the perfect blend of comfort, space and versatility-this traditional brick home patio boosts five spacious bedrooms and three bathrooms. Step inside to find a warm and inviting living room with brick fireplace, and eat in kitchen, a screen porch, and a large deck, perfect for relaxing and entertaining guests The lower floor features, a cozy family room, a bonus entertainment/game room, ideal for a pool table, also a oversized laundry room and two bedrooms & full size bath with walk in shower, making it a great layout for a family or guest. But that's not all the property also includes a massive of two story 1800 ft.² barn with large sliding door, offering endless possibilities as a Woodworking shop, man cave or she shed. Additional features include.
Additional features include:
" Double-pane windows
" Electric and solar water heater
" Plenty of natural light
" Quiet, private surroundings
*. Solar & Electric HWH
*. Eat In kitchen
*. Split bedroom
*. Vaulted Ceiling
*. Walk In Closets
*. Back - Screened Porch & Deck
*. House -Metal Roof
*. Lower level - Walk In Shower
*. Upper level - Two Baths with Tub and shower
*. Shed
*. 1800 sf Barn/Man-cave/Workshop
*. New gutters with leaf guard 2025
*. 2022 newer 3 1/2 ton HVAC system
*. Refrigerator has Ice maker and water
*. 3 metal carports
*. Updated water softener system 3/2022
*. Melrose Road currently being paved
*. Front concrete patio 14' x 36'
*. Outdoor Flood lights
*. ADT wired in house
*. Wood burning fireplace in living room
*. Granite counter top in kitchen
*. Four generations of deer have inhabited this property & all other manner of wildlife
This property truly has it all! space, functionality, and classic charm. Take a look at the photos and call today to schedule your private showing!
| |||
| Jun 21, 2025 | Price Increased |
$625,000
↑ $50K
(8.7%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017