2902 SUMMERTREE Lane
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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 |
|---|---|---|---|
| May 6, 2026 | Sold | ||
| Sold | |||
| Apr 5, 2026 | In contract | - | |
| In contract | |||
| Mar 1, 2026 | Listed by Turner Fortune Real Estate LLC | $1,197,000 | |
| Listed by Turner Fortune Real Estate LLC | |||
| Jun 5, 2023 | Sold | ||
| Sold | |||
| Apr 7, 2023 | Listed by Keller Williams Realty | $829,900 | |
| Listed by Keller Williams Realty | |||
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Back on Market! Buyer financing fell thru 1 week prior to closing. Buyers opportunity for an awesome single story 4 bedroom home in highly coveted Summertree. Great curb appeal w- mature trees & beautifully landscaped yard. Elegant interior is accentuated by lg windows, decorative lighting, crown molding, plantation shutters & soaring custom ceilings thruout. Spacious kitchen w- granite countertops & brkfst bar opens into family room w- brick fireplace & built-ins. Private main floor primary suite is the ultimate retreat w- spectacular views of backyard. Primary bath w- jetted tub, separate shower & oversized walk-in closet. All bdrms downstairs. Spacious game room upstairs. Sunroom & pool w- spa is a perfect venue for outdoor activities & summer parties. Radiant barrier with 12in extra insulation. Community features a canal of 5 ponds, fountain, walkways & mature trees. Secluded at back of community is a park w- a private tennis court & playground. Grapevine-Colleyville ISD.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017