$510,000
●
House -
Off Market
3400 Cedar Lane
Melissa, TX 75454
4 Beds
1 Bath,
1
Half Bath
2,591 Ft²
$3,205
Est. Monthly
$47
HOA / Fees
4.00%
Cap Rate
About This Property
Your corner lot dream home with all new paint awaits in the highly
coveted North Creek neighborhood! Upon entry you are greeted by a
foyer with an office, dining room and laundry room. The heart of
the home is the open kitchen and living space with plantation
shutters and hardwood floors throughout. The renovated kitchen
features a glass tile backsplash, granite countertops and stainless
steel appliances. The accent wall and built-in electric fireplace
showcase the cozy living room. Spacious primary bedroom downstairs
with new carpet and a primary bath with separate shower and tub and
double sinks. Upstairs has all new carpet with a huge loft, 1
bedroom with an en-suite full bathroom, 2 other bedrooms and
another full bathroom. The backyard features a covered patio and
full cedar board fence. A rare 3-car garage allows for ample
parking and storage space. Community amenities include two
neighborhood pools, several parks and proximity to both the local
high school and elementary school.
Unit Size
2,591 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$197
Property Type
House
Property Taxes
$653
HOA Dues
$47
Year Built
2014
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (NTREIS #20735725)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Sep 23, 2024 | Listed by Rogers Healy and Associates | $510,000 | |
| Listed by Rogers Healy and Associates | |||
| Oct 23, 2023 | Sold | ||
| Sold | |||
| Jul 27, 2023 | Listed by Orchard Brokerage, LLC | $499,999 | |
| Listed by Orchard Brokerage, LLC | |||
| | |||
|
BACK ON MARKET DUE TO BUYERS CONTINGENCY Stunning brick home that offers ample space and community amenities for all to enjoy. Step inside to be immediately greeted by a generous Foyer flanked by an Office, Dining Room and Laundry Room with large plantation shutters covering the windows. This opens up to a bright, recently renovated Kitchen with glass tile backsplash, granite countertops and stainless steel appliances. Hardwood Floors and a showpiece built-in electric fireplace in the Living Room add warmth. This refresh extends to the master and guest bathrooms, where the cabinets have been tastefully painted. Upstairs find a huge loft and 3 bedrooms with 2 bathrooms. The exterior features a great patio and full cedar board fenced backyard. A rare 3-car garage stall affords ample space for parking and storage while rounding out this homes features nicely. Amenities include access to two neighborhood pools, several parks and proximity to both the local high school and elementary school
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Melissa
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Listed by: Brandt Phillips, Rogers Healy and Associates
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20735725
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20735725
Details provided by NTREIS and may not match the public record
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