1347 Sundown Drive
About This Property
Awaken to breathtaking sunrises that stretch across Lake Waco from the comfort of your new home. This custom-built sanctuary, nestled in a tranquil and tucked-away corner, was meticulously designed so that every room offers an expansive water view. This distinctive residence has undergone a complete transformation, boasting a brand-new elite roof and so much more, ensuring no detail has been overlooked in this light-filled lake house.
Step into your haven through a custom entryway, allowing sunlight to filter in and highlighting a stunning oak staircase leading to the two en-suite bedrooms, a Gameroom, and a cedar closet, built-in shelves, ample attic storage. Such a versatile area perfect for a library or gaming retreat upstairs. Downstairs, follow the elegant beach wood tile flooring that imparts a modern yet comfortable ambiance, maintaining a beachy vibe complemented by the captivating lake views.
Entertaining is a breeze in the spacious living area with a propane fireplace for chilly nights or in the large kitchen with a family area, breakfast nook, and an extra-large quartz counter-height eating area. The well-designed layout accommodates large family gatherings and ensures no school project is too substantial. A butler's pantry leads to a generous formal dining room or an ideal home office space. A craft room tucked away in the family area doubles as a 4th bedroom/guest room with a convenient Murphy bed.
Discover a main laundry room at the end of the hallway by the side entry door, accompanied by a half bath and a practical full-size freezer and refrigerator closet with water hookups.
The main bedroom, located off the living area, is an extra-large oasis with double doors opening to the spacious patio for enjoying morning sunrises and
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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 27, 2024 | Sold | ||
| Sold | |||
| Nov 3, 2023 | Listed by Kelly, Realtors | $1,397,500 | |
| Listed by Kelly, Realtors | |||
| Jul 3, 2023 | No longer available | - | |
| No longer available | |||
| Jun 8, 2023 | Relisted | $1,499,900 | |
| Relisted | |||
| May 31, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017