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2550 Meadow lake Drive
About This Property
Features include granite countertops in the kitchen, laundry, and hall bath, updated flooring in portions of the home, large closets, and a spacious primary suite with ensuite bath. Three of the four bedrooms have ensuite bathroom access, creating a functional layout for guests or multigenerational living.
Outside you'll find private alley access, a large covered back patio, and a storage building. The prvious owners started to enclose the carport but it remains unfinished it could be tore back out to have 4 covered parking spaces again. Great opportunity to own or invest in a spacious home with character and tons of potential in one of South Abilene's most established neighborhoods!
Property to be SOLD AS IS. The seller's name is Secretary of Veterans Affairs. Seller pays no closing costs, including title policy, survey ,escrow fee, or transfer fee unless otherwise negotiated.! If built prior to 1978, Lead-Based Paint may exist. IF the house is winterized it may or may not be able to be de-winterized for inspections. Buyer to verify all information and responsible for all due diligence.
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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%.
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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.
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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 8, 2026 | Sold | ||
| Sold | |||
| May 28, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by RE/MAX Big Country | $269,000 | |
| Listed by RE/MAX Big Country | |||
| Mar 23, 2020 | Sold | ||
| Sold | |||
| Oct 31, 2019 | Listed by RE/MAX OF ABILENE | $223,900 | |
| Listed by RE/MAX OF ABILENE | |||
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This spacious home is in a well established neighborhood with 4 bedrooms and 3 fulls baths, 2 living rooms, dining area and eat in kitchen. Plenty of great updates in this home in flooring, counter tops, tile and kitchen features. ONE LIVING ROOM COULD BE A PLAY ROOM OR OFFICE*SUBSTANTIAL MAIN LIVING AREA*LARGE BEDROOMS WITH WALK IN CLOSETS*DOUBLE SINKS AND EXTRA STORAGE IN MASTER BATHROOM*JACK AND JILL BATHROOM BETWEEN 2 OF THE ROOMS WITH DOUBLE SINKS* GRANITE KITCHEN COUNTER TOPS*WOOD BURNING FIREPLACE*DOUBLE OVEN*DOUBLE GARAGE AND CARPORT*LARGE BACK YARD*TREES*COVERED PATIO*PRIVACY FENCE* COME SEE THIS BEAUTIFUL HOME IN A GREAT NEIGHBORHOOD!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017