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2934 Magellan WAY
About This Property
Set on a private lot backing to a serene greenbelt, this 4-bedroom, 3-bath home offers comfort, space, and connection to nature. Inside, custom touches include hardwood floors, graceful arches, crown molding, and a completely carpet-free interior. Oversized rooms and generous closets add functionality.
The kitchen features all Bosch appliances (2024), including a 5-burner cooktop, double ovens and built-in microwave, plus abundant cabinetry, a large island and bar seating. A flexible dining space can serve as an office, while a downstairs bedroom and full bath are ideal for guests.
The spacious living area centers around a cozy fireplace, with two access points leading to two covered patios. Enjoy peaceful greenbelt views framed by mature magnolia trees and a wrought iron fence.
Upstairs, an oversized loft offers flexibility for a game room, media space or additional living area. The primary suite features a private balcony overlooking the greenbelt, oversized walk-in closet, dual vanities and soaking tub.
Additional highlights include walk-in closets in most bedrooms, laundry room with utility sink and storage, and 2.5-car garage. Upgrades include Kinetico whole-home filtration, solar screens, exterior paint (2022), new fence (2026), driveway pavers (2026), and full gutters with leaf guards.
Just a 5-minute stroll to neighborhood amenities including trails, catch-and-release fishing, pickleball, parks and resort-style pool. Convenient to grocery stores, medical care, Old Settlers Park, Dell Diamond, Kalahari and The Domain, with easy access to I-35 and Toll Roads 45 and 130.
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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 |
|---|---|---|---|
| Oct 1, 2026 | In contract | - | |
| In contract | |||
| Sep 8, 2026 | Relisted | $475,000 | |
| Relisted | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$500,000
↓ $10K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017