3119 Wellspring Lake 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 |
|---|---|---|---|
| May 25, 2023 | Sold | ||
| Sold | |||
| Apr 13, 2023 | Listed by Keller Williams Signature | $1,650,000 | |
| Listed by Keller Williams Signature | |||
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Extravagant estate boasting over 5100 Sq Ft on 4 acres in the beautiful community of Weston Lakes. This private, riverfront property captivates your attention as soon as you enter the property with its sprawling park-like setting! Upon entering, you are greeted with soaring ceilings and extensive entryway leading you to the spacious living room featuring beamed ceilings, floor to ceiling stone fireplace and wall to wall french glass doors! The gourmet island kitchen is updated with industrial grade appliances, white cabinets complimented by the granite countertops, and under cabinet lighting! Amazing primary retreat includes his and her ensuite bathrooms, walk-in closets, and private staircase leading to a private sitting area and balcony! Huge secondary bedrooms each have their own bathroom! The backyard has tons to offer including a whole house generator, heated pool and spa, sprawling covered patio to enjoy the idyllic views of the Brazos River, and an outdoor fireplace!
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| Mar 19, 2021 | Sold | ||
| Sold | |||
| Nov 28, 2020 | Listed by Heinen and Associates | $1,249,000 | |
| Listed by Heinen and Associates | |||
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Welcome to your own slice of heaven with everything Weston Lakes has to offer! Enjoy the nature, privacy, and serenity of this 4 acre, wooded, riverfront lot with its breathtaking views of the Brazos. The interior features a spectacular chefs kitchen with high end appliances, towering ceiling, large island, additional sitting area with fireplace, and its open concept to the family room. The master suite features his and hers bathrooms with large walk-in closets and a second floor master retreat with private balcony overlooking the back yard. All guest rooms designed for privacy with one bedroom down and two split guest bedrooms up, all with en-suite bathrooms. Entertain your family or guests outdoors on the enormous covered patio, swimming pool with hot tub, outdoor fireplace, and built-in grill. The home also features a new roof, upgraded wiring, tankless water heater, 3 zone A/C, and whole house generator. The home did not flood during Hurricane Harvey.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017