137 Chaparral Drive
About This Property
just outside city limits in the highly sought after Spivey Hill neighborhood. This home offers the peace and privacy you crave along with the benefit of lower property taxes while at the same time being close to town. This spacious 3 bedroom, 2 bathroom residence boasts two generous living areas, ideal for both relaxing and entertaining. At the heart of the home is a very large, beautifully updated kitchen featuring ample cabinetry, expansive granite counters, large butcher block kitchen island and room to host friends and family with ease. Luxury Vinyl Plank (LVP) flooring flows throughout much of the home, enhancing both comfort and durability. Step outside and enjoy the expansive backyard, dotted with mature trees that provide shade and a peaceful setting. With plenty of open space, there's endless potential to create your dream outdoor area, whether it's for entertaining, gardening, or a play area. Two electric-equipped sheds offer excellent storage, workshop space, or even hobby areas. It's the perfect blend of function and flexibility in a private, scenic setting. As a bonus, a charming guest house provides the perfect spot for visitors, extended family, a home office, or rental potential. The guest house has been partially remodeled and ready for the next owner to finish the updates. Don't miss this rare opportunity to own a well appointed home with room to grow in a peaceful setting just minutes from town amenities.
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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 |
|---|---|---|---|
| Aug 28, 2025 | Sold | ||
| Sold | |||
| Jul 28, 2025 | In contract | - | |
| In contract | |||
| Jun 13, 2025 | Listed by Agape and Associates LLC | $385,000 | |
| Listed by Agape and Associates LLC | |||
| Jun 24, 2022 | Sold | ||
| Sold | |||
| Apr 25, 2022 | Listed by Keller Williams Brazos West | $350,000 | |
| Listed by Keller Williams Brazos West | |||
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This home is all about the location!!! Sitting up in the highly sought after Spivey Hill neighborhood, this home is just outside the city limits. Enjoy the stary nights and cool breezes at the quiet end of Chaparral Dr. This property has so much to offer; .99 acre lot, 2,485 sq ft with 3 large bedrooms and a beautifully updated kitchen. Kitchen features stainless steel appliances, butcher block island, granite countertops and custom cabinets. There's 2 living areas and a sunroom that allow for flexibility in what could be used as a dining room, living room and den. There's a 400 sq ft efficiency guest house complete with kitchenette and full bathroom, perfect for company, rental income or that dreamy she-shed you've been wanting. The backyard features two storage buildings both with electric, mature trees and plenty of room for gardens, animal or a pool. The large patio is ready for an outdoor kitchen and summer grilling.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017