3206 Morgan Drive
About This Property
Inside, soaring ceilings and rich hardwood floors create an impressive first impression. A flexible front room with beautiful millwork can serve as a home office, formal dining room or additional living space. The open-concept kitchen features granite countertops, stainless steel appliances, gas cooking, abundant cabinetry and a large breakfast bar, flowing into the dining and family rooms. A dramatic stone fireplace anchors the family room, while numerous windows fill the space with natural light.
The downstairs primary suite provides a private retreat with a beautifully remodeled bath, while a convenient half bath serves guests on the main level. Upstairs you'll find the additional bedrooms, living space and two full baths-a fantastic layout for family, guests or multigenerational living.
Major improvements mean many of the expensive projects have already been handled: roof 2025, interior and exterior paint 2026, primary bath remodel 2024, upstairs HVAC 2022 and lighting updates 2026. The HOA-approved storage shed stays, along with most appliances.
Enjoy the amenities of Carter Ranch, including community pool, lake, fishing, trails, parks and playgrounds, all within Celina ISD and convenient to Preston Road, shopping, dining and everything growing Celina has to offer.
4 bedrooms + 3.5 baths + nearly 2,800 sq ft + multiple living spaces + extensive recent updates = a LOT of home in Celina!
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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 |
|---|---|---|---|
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Sep 7, 2026 | Listed by Monument Realty | $440,000 | |
| Listed by Monument Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017