12218 Cobblestone Drive
About This Property
this extensively renovated 4 bedroom, 3.5 bathroom home with Andersen windows, vaulted ceiling in family
room and 9' ceilings in foyer/formal dining room. Fully equipped kitchen w double ovens, gas cooktop,
Scotsman ice maker, wine fridge, abundant storage, walk-in pantry and breakfast bar adjacent to spacious
family room and breakfast nook. Impressive primary suite features en-suite bath w dual sinks, walk-in
shower, free standing soaking tub and marble countertops. Private backyard is an entertainer's dream w/
outdoor covered patio with bar, sparkling pool w/ water feature & hot tub. Zoned to Bunker Hill Elementary,
Memorial Middle & Memorial High School. Conveniently located w easy access to I-10 and Beltway 8, City
Centre and Memorial City. All info "per seller".
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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%.
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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 |
|---|---|---|---|
| Apr 4, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by Compass RE Texas, LLC - Memorial | $1,495,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
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Stunning single story home located in Memorial Forest w great curb appeal. Steel front doors invite you into
this extensively renovated 4 bedroom, 3.5 bathroom home with Andersen windows, vaulted ceiling in family
room and 9' ceilings in foyer/formal dining room. Fully equipped kitchen w double ovens, gas cooktop,
Scotsman ice maker, wine fridge, abundant storage, walk-in pantry and breakfast bar adjacent to spacious
family room and breakfast nook. Impressive primary suite features en-suite bath w dual sinks, walk-in
shower, free standing soaking tub and marble countertops. Private backyard is an entertainer's dream w/
outdoor covered patio with bar, sparkling pool w/ water feature & hot tub. Zoned to Bunker Hill Elementary,
Memorial Middle & Memorial High School. Conveniently located w easy access to I-10 and Beltway 8, City
Centre and Memorial City. All info "per seller".
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017