2205 Flat Creek Drive
About This Property
ranch-style home boasts over $165,000 in high-end renovations completed in July 2024. With 1,876 square feet
of luxurious living space, this home offers a perfect blend of modern amenities and timeless charm. The heart
of the home is the chef's kitchen, designed to impress with quartz countertops and a striking custom
backsplash. The expansive extra-large kitchen island provides both functionality and style, while the beverage
refrigerator and mixer lift system add convenience for culinary enthusiasts. Custom pine arched windows and
pocket doors elevate the space with a touch of rustic elegance. Engineered wood floors flow seamlessly throughout all the living areas, adding warmth and character, while tile in the wet areas ensures both beauty and durability. The home has been freshly painted throughout and features
updated electrical systems for peace of mind. The home is just a short distance from Canyon Creek Elementary, making it an ideal location for families. Whether you're entertaining in the spacious open-plan living areas, relaxing in the beautifully appointed
bedrooms, or enjoying the serene atmosphere of this desirable neighborhood, this home offers a move-in ready
opportunity that is second to none
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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%.
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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 |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | Listed by Coldwell Banker Realty Plano | $700,000 | |
| Listed by Coldwell Banker Realty Plano | |||
| | |||
|
Located in the highly sought-after Canyon Creek neighborhood, this beautifully updated 3-bedroom, 2-bathroom
ranch-style home boasts over $165,000 in high-end renovations completed in July 2024. With 1,876 square feet
of luxurious living space, this home offers a perfect blend of modern amenities and timeless charm. The heart
of the home is the chef’s kitchen, designed to impress with quartz countertops and a striking custom
backsplash. The expansive extra-large kitchen island provides both functionality and style, while the beverage
refrigerator and mixer lift system add convenience for culinary enthusiasts. Custom pine arched windows and
pocket doors elevate the space with a touch of rustic elegance. Engineered wood floors flow seamlessly throughout all the living areas, adding warmth and character, while tile in the wet areas ensures both beauty and durability. The home has been freshly painted throughout and features
updated electrical systems for peace of mind. The home is just a short distance from Canyon Creek Elementary, making it an ideal location for families. Whether you’re entertaining in the spacious open-plan living areas, relaxing in the beautifully appointed
bedrooms, or enjoying the serene atmosphere of this desirable neighborhood, this home offers a move-in ready
opportunity that is second to none
| |||
| Aug 8, 2022 | Sold | ||
| Sold | |||
| Jul 16, 2022 | Listed by Compass RE Texas, LLC | $530,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
This renovated modern ranch with dedicated office space is ready for you. Nestled just around the corner of Canyon Creek Elementary, you will be set up perfectly with a great central location that serves work commutes well alongside being so close to Canyon Creek Park and Canyon Creek Country Club for play. Updates include full new custom cabinetry, SS appliances, natural stone counter tops, wood floors, frameless glass showers and bragging rights that you're on one of the coolest streets in this section of the neighborhood. Check the supplemental docs for FULL list of updates to this home.
| |||
Property Highlights
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About Canyon Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017