239 Observation Drive N
About This Property
Step inside to find stylish urban luxury finishes, including a signature brick archway and designer lighting. The dream kitchen features an expansive eat-in island, gas range, stainless appliances, and opens to the inviting living area with a cozy gas fireplace.
Located in the sought-after Parks of Aledo community-just steps from 12 acres of manicured green space and 11 miles of scenic hiking and biking trails-this home offers the perfect blend of luxury and lifestyle.
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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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jun 26, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by KELLER WILLIAMS REALTY | $579,900 | |
| Listed by KELLER WILLIAMS REALTY | |||
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Sep 22, 2023 | Listed by RAILHEAD REALTY, LLC | $599,000 | |
| Listed by RAILHEAD REALTY, LLC | |||
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NEW Clarity Home close to 12 acres of manicured park space and 11 miles of hiking and biking trails located in Parks of Aledo. Featuring wood like vinyl floors throughout. Signature brick archway, gas fireplace and range, Ecobee 4 Smart thermostat and 2 USB plugs. Designer urban luxury features including dream kitchen with an expansive eat-in island, designer lighting, full landscaping package with irrigation and much more.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017