47
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348 KING ELDER LN
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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$350,000
↓ $25K
(6.7%) | |
| Price Decreased | |||
| Sep 17, 2026 | Listed by Kuper Sotheby's Int'l Realty | $375,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Sep 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 27, 2026 | Listed by Kuper Sotheby's Int'l Realty | $330,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Situated on one of the largest homesites in the neighborhood, this beautifully maintained residence offers an exceptional combination of comfort, functionality, and outdoor space in the heart of Leander. A welcoming covered entry leads into a light-filled interior featuring soaring ceilings, abundant natural light, and thoughtfully designed living areas. The open-concept kitchen is equipped with maple cabinetry, a tile backsplash, built-in microwave, breakfast bar, and generous counter space, all seamlessly connected to the family room, where a wood-burning fireplace creates a warm and inviting gathering space. A dedicated home office and formal dining area provide flexibility for remote work, entertaining, and everyday living. The main-level primary suite offers a private retreat with a garden tub, separate shower, and spacious walk-in closet. Upstairs, a versatile loft with an additional walk-in closet provides endless possibilities for a media room, game room, fitness area, or secondary living space. Additional features include tile flooring throughout the main living areas, luxury vinyl flooring upstairs, recessed lighting, ceiling fans, an indoor utility room, linen storage, and a sprinkler system. With no carpet throughout, the home offers both style and ease of maintenance. Step outside to an expansive backyard with plenty of room for outdoor entertaining, recreation, gardening, or future enhancements. Residents enjoy access to community amenities including a pool, park, playground, and sports court, supporting an active and connected lifestyle. Conveniently located near shopping, dining, schools, and major commuter routes, this property offers the ideal blend of space, versatility, and everyday convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017