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11412 Lemuel LN
About This Property
The backyard is truly a standout feature, perfect for garden enthusiasts and entertainers alike. Multiple fence-lined garden beds are already producing and have been lovingly maintained, creating a lush and inviting outdoor retreat. Whether you're tending to your plants or simply relaxing, the expansive raised deck provides the ideal vantage point for lounging or hosting gatherings.
Inside, fresh neutral paint brightens the home and enhances the abundant natural light throughout. The thoughtful updates continue with engineered hardwood flooring downstairs and on the staircase, complemented by cozy carpet upstairs for added comfort. The exterior was also freshly painted last year, with a new roof installed in 2025 and a new fence added in 2023-offering peace of mind for years to come.
The versatile floor plan includes a dedicated office at the front of the home, which can easily function as a formal dining room or guest space. The inviting main living area features a fireplace and overlooks the serene backyard, while an additional loft upstairs provides a flexible second living space.
All bedrooms are conveniently located upstairs, along with the laundry room. The elementary school is located within the neighborhood and just a short distance away, adding to the home's everyday ease.
With excellent natural light, strong school ratings, and close proximity to the Cedar Park Metro Rail, Highway 183, and Parmer Lane, this home offers exceptional access to everything Austin has to offer-all while maintaining a peaceful neighborhood feel.
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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 |
|---|---|---|---|
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$530,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| May 16, 2026 | Price Decreased |
$540,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Redfin Corporation | $550,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017