1017 Spencer Street
About This Property
Outside, mature shade trees and a covered patio create a peaceful backyard retreat that feels tucked away from it all. A three car tandem garage provides added parking, storage and flexibility. Ideally located within highly regarded Allen ISD and just minutes from Watters Creek, parks, greenbelts, walking and biking trails, shopping, dining and entertainment, this Montgomery Farm gem offers a lifestyle that truly stands apart. With a unique floor plan, beautiful setting and details that are best appreciated in person, this is one you won't want to miss.
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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 2, 2026 | Price Decreased |
$879,990
↓ $50K
(5.4%) | |
| Price Decreased | |||
| Sep 18, 2026 | Price Decreased |
$929,990
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Sep 11, 2026 | Listed by RE/MAX DFW Associates | $949,990 | |
| Listed by RE/MAX DFW Associates | |||
| Sep 25, 2020 | Sold | ||
| Sold | |||
| Jan 20, 2020 | Listed by Alexander Properties | $559,000 | |
| Listed by Alexander Properties | |||
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MLS# 14264684 - Built by Darling Homes - Ready Now! ~ The 4070 plan is beautiful painted brick home featuring a grand foyer & architectural arches throughout. A kitchen you’ll love for entertaining or having a relaxing evening at home opening to the family room. The master bedroom suite is spacious, tucked away at the back of the home for a little more privacy. Spa like master bathroom featuring access to the utility room from your WIC! 2nd bedroom and bathroom located on the 1st floor. Upstairs is ready for entertaining, features a game room & media room, 2 bedrooms, both with full bathrooms & WIC's. Step outside where you will find a large covered patio perfect for summer gatherings. Luxury Redefined!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017