114 Observation Drive W
About This Property
Thoughtfully designed, the open-concept layout welcomes you with light-filled spaces and a seamless flow ideal for everyday living and entertaining. A private study, tucked away from the main living areas, provides a quiet space for work or retreat.
At the heart of the home, the bright and inviting kitchen showcases an expansive island, gas cooktop, and generous pantry. The adjacent dining area and spacious family room create a natural hub for hosting, highlighted by walls of windows and a cozy gas fireplace with a hearth ready for seasonal styling.
The main-level primary suite is a peaceful escape, offering both privacy and comfort. Its spa-like bath features dual sinks, a soaking tub, separate shower, and a large walk-in closet for effortless organization. The laundry room on the first floor adds everyday convenience with additional space for a second refrigerator.
Upstairs, a central living area anchors three generously sized bedrooms and two full baths, offering flexibility for guests, children, or multi-generational living.
Step outside to a covered patio perfect for slow mornings and relaxed evenings. or backyard playtime and barbecues.
Living in Parks of Aledo means access to over 12 miles of scenic trails, inviting green spaces, playgrounds, and a dedicated dog park, all part of the lifestyle that makes this community so special. With convenient access to Interstate 20, you'll enjoy an easy commute while coming home to a setting that feels worlds away.
A combination of style, location and value. Don't miss the chance to secure your place in one of Aledo's most sought-after communities.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| May 24, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Listed by Briggs Freeman Sotheby's Int'l | $599,900 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
| Sep 5, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 11, 2025 | Price Decreased |
$639,000
↓ $6K
(0.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017