274 Marsh Creek 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 |
|---|---|---|---|
| Sep 4, 2025 | Sold | ||
| Sold | |||
| Jul 31, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Price Decreased |
$379,000
↓ $11K
(2.8%) | |
| Price Decreased | |||
| Jul 4, 2025 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Jun 21, 2025 | Listed by The Prosperous Agency | $400,000 | |
| Listed by The Prosperous Agency | |||
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AMAZING OPPORTUNITY! TO HELP LOWER YOUR MONTHLY PAYMENT, SELLER IS OFFERING 10,000 TOWARDS CLOSING COSTS!
Nestled in The Trace at Summerwind Plantation, —is this fully updated Sullivan floor plan by McKee Homes. Thoughtfully designed from top to bottom, this four bedroom home stands out with the most extensive upgrades in the enclave:
Kitchen: completely remodeled with elegant quartz countertops( Calcatta Gold), modern cabinetry, stainless appliances, and a convenient center island—perfect for gathering in the eat in nook or entertaining.
Flooring: gorgeous waterproof luxury vinyl plank installed throughout for a sleek, easy care look
Master bathroom: fully updated with a contemporary walk in shower(Hangsgrobe Thermostatic), new vanities, and chic finishes.
Guest baths: remodeled with stylish shower(Hangsgrobe Thermostatic), fixtures, and cabinet/vanities.
In 2022, a brand new high efficiency water heater was added.
Living spaces: large great room opens seamlessly to the kitchen, creating an ideal layout for daily living and entertaining. The fireplace has a sleek, contemporary look.
Outdoor: a cozy private backyard backs to mature woods, ideal for grilling, relaxing, or enjoying quiet wooded views; plus a grilling patio for casual cookouts. You will sure enjoy growing your favorite vegetables, as the seller created 2 garden beds, all ready for your use.
The home's tranquil setting backing to trees enhances that signature Summerwind charm: quiet streets, dog friendly walking routes, and a friendly, neighborly atmosphere.
Why Sellers and Buyers Love The Trace at Summerwind Plantation
Celebrated for its peaceful, safe, and family oriented vibe, neighbors tout the cleanliness, friendliness, and sense of community .
Conveniently located with easy access to the Hwy making Raleigh area commuting a breeze.
The active HOA ensures well maintained communal spaces, including a community pool and clubhouse, highly valued by families.
Come, make this home updated home yours!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017