1506 Concord Drive
About This Property
Welcome to this beautifully updated residence located in the highly desirable Berkner High School attendance zone! Offering 2,778 sq. ft. of thoughtfully designed living space, this home combines modern elegance with everyday functionality. Featuring 4 spacious bedrooms and 3 fully remodeled baths, the split floor plan provides versatility for families of all sizes. The separate bedroom and bath suite are perfect for multi-generational living, visiting guests, or a private home office retreat.
Inside, you'll find a fresh and inviting interior showcasing brand-new carpet, a neutral designer paint palette, and abundant natural light throughout. The heart of the home is the stunning, fully updated kitchen-complete with sleek quartz countertops, upgraded cabinetry, and stylish fixtures-ideal for cooking, entertaining, and gathering with loved ones. Every bathroom has been meticulously renovated with high-end finishes, blending comfort and sophistication at every turn.
This property also provides peace of mind with no more cast iron plumbing, a major update that adds long-term value and reliability.
Step outside to enjoy a serene backyard retreat, perfect for relaxation or entertaining friends and family. Whether it's summer barbecues or quiet evenings under the stars, this outdoor space offers endless possibilities.
Nestled in a prime Richardson location, this home is just minutes from premier shopping, dining, entertainment, and major highways, ensuring both convenience and connectivity. Families will love being within walking distance to top-rated schools, parks, and community amenities.
Move-in ready and low-maintenance, this property presents a rare opportunity to own a modern, stylish, and worry-free home in one of Richardson's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 15, 2025 | Price Decreased |
$460,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Oct 4, 2025 | Relisted | $479,999 | |
| Relisted | |||
| Sep 28, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017