1705 Summergate Drive
About This Property
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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 |
|---|---|---|---|
| Jan 3, 2025 | Sold | ||
| Sold | |||
| Nov 21, 2024 | In contract | - | |
| In contract | |||
| Oct 25, 2024 | No longer available | - | |
| No longer available | |||
| Oct 25, 2024 | Price Increased |
$451,250
↑ $1K
(0.3%) | |
| Price Increased | |||
| Oct 24, 2024 | Listed by Corcoran Genesis | $450,000 | |
| Listed by Corcoran Genesis | |||
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Welcome home to 1705 Summergate Drive located in the community of Summergate and zoned to Conroe ISD! This home features 3 bedrooms, 3 full baths and a 3-car garage. As you open the front door you are welcomed by the private study and the formal living room. The open concept floor plan will make entertaining a breeze. The stunning kitchen features wood cabinetry and quartz countertops. The family room includes a gorgeous fireplace, wood flooring and large windows allowing the natural light to shine through. End your days in the spacious primary suite. The primary bath includes a large walk-in shower, separate garden tub and closet. Down the hall you will find 2 secondary bedrooms and upstairs is a flex space. Don't forget to step out back for a view of the covered patio and backyard. You don't want to miss all this gorgeous home has to offer! Check out the 3D tour and schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017