1611 Drake Ave
About This Property
Modern and serene living combine in this stunning new home built by the celebrated veteran builders Moore-Tate. Located in the heart of the vibrant Travis Heights neighborhood, this exquisite home offers the perfect blend of luxury, comfort, and convenience, with close proximity to South Congress Avenue, Stacy Park, and multiple greenbelts.
This home features 4 spacious bedrooms, 3.5 elegant bathrooms, with the luxurious primary bedroom located on the main floor for added convenience and privacy. A dedicated home office downstairs provides the perfect workspace for remote work or study. The open concept living area seamlessly integrates the kitchen, dining, and living spaces, making it ideal for entertaining and family gatherings. Enjoy the usually beautiful Texas weather from the east facing screened porch, which extends your living space outdoors while providing protection from the elements. The private yard offers a versatile space for gardening, play, or outdoor activities. Additionally, the home is already permitted for a full size swimming pool, giving buyers the option to add a pool if desired. Throughout the home, you'll find thoughtful built-in storage solutions to keep your space organized and clutter-free. A unique transitional area from the dining to the primary bedroom makes a perfect coffee bar.
This home is a true gem that offers an unparalleled lifestyle experience. Don't miss out on this opportunity to own a piece of Travis Heights luxury! Contact us today to schedule a private tour and make this dream home yours.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Nov 9, 2024 | Price Decreased |
$2,300,000
↓ $135K
(5.5%) | |
| Price Decreased | |||
| Oct 9, 2024 | Price Decreased |
$2,435,000
↓ $40K
(1.6%) | |
| Price Decreased | |||
| Oct 3, 2024 | Price Decreased |
$2,475,000
↓ $10K
(0.4%) | |
| Price Decreased | |||
| Aug 15, 2024 | Price Decreased |
$2,485,000
↓ $90K
(3.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017