199 Chaparral Estates Drive
About This Property
The home features 2 spacious bedrooms and 3 full bathrooms, with the primary suite thoughtfully located on the main level alongside two full baths for added convenience. An adjoining room off the primary bedroom provides exceptional flexibility-ideal for a full-sized office, hobby space, nursery, or even a potential third bedroom.
The interior continues to impress with abundant storage, including an attic that is almost fully floored. Comfort is ensured year-round with a zoned HVAC system, while a 250-gallon propane tank efficiently fuels the central heating system, cook-top, oven, and a cozy gas log fireplace.
Step outside and enjoy beautifully maintained grounds complete with an irrigation system. The property is well-equipped for both work and play, featuring an oversized 2-car attached garage, an 18' x 30' insulated detached garage-shop on a slab with electricity, 220V wiring, hot and cold running water, plus an additional 10' x 14' shed with a roll-up door. There's also an RV hookup with water, septic, and 30-amp electrical service-perfect for guests or travel enthusiasts.
Additional highlights include low-maintenance fiber cement siding, durable Class 4 architectural dimensional shingles, front and back porches for relaxing outdoor living, and an aerobic on-site sewer system. Water is supplied by Starr Water Supply Corporation, and best of all-no city taxes.
This property offers the space, functionality, and tranquility you've been looking for-without sacrificing proximity to town.
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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 |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| Jun 2, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Price Decreased |
$385,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Apr 11, 2026 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Mar 27, 2026 | Listed by PARAGON, REALTORS | $400,000 | |
| Listed by PARAGON, REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017