3521 W Cheney Avenue
About This Property
The well-designed floor plan features three spacious bedrooms and two full baths, creating a layout that is both practical and inviting. An open-concept living, dining, and kitchen area anchors the heart of the home, ideal for daily living and entertaining alike. Abundant natural light enhances the space, while the seamless flow creates a warm, welcoming atmosphere.
The kitchen is thoughtfully appointed with crisp finishes, ample cabinetry, and quality appliances, offering both beauty and functionality for home chefs and entertainers. The private primary suite serves as a peaceful retreat, complete with a spa-inspired bath designed for relaxation and comfort.
Secondary bedrooms are generously sized and versatile, perfect for guests, a home office, or additional living needs. Step outside to enjoy a private backyard, ideal for morning coffee, outdoor gatherings, or quiet evenings at home.
Residents of Light Farms enjoy exceptional resort-style amenities, including a clubhouse, multiple swimming pools, on-site restaurant, fitness center, pickleball and tennis courts, playgrounds, and miles of scenic walking and biking trails. A full calendar of HOA-hosted events fosters a strong sense of community, and front yard maintenance is included for added convenience.
Located within highly rated Prosper ISD and just minutes from the on-site elementary school, this home also offers outstanding accessibility. Situated off Preston Road, it provides quick access to premier shopping, dining, and everyday conveniences.
This is a rare opportunity to own a quality-built Shaddock Home in one of Light Farms' most desirable neighborhoods.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 4, 2026 | Sold | ||
| Sold | |||
| Mar 30, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$499,900
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Feb 24, 2026 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Feb 9, 2026 | Listed by Coldwell Banker Realty Frisco | $525,000 | |
| Listed by Coldwell Banker Realty Frisco | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017