294 Preakness Place Road
About This Property
The spacious kitchen serves as the heart of the home and showcases stunning quartz countertops, double ovens, and thoughtful updates completed throughout the years that blend style with functionality. Flowing seamlessly into the main living and dining areas, the open-concept design creates an inviting atmosphere ideal for gatherings large and small.
Pride of ownership shines throughout, with the home being exceptionally well cared for and in great condition. Generously sized bedrooms and flexible living spaces provide comfort and convenience for a variety of lifestyles.
Situated in a welcoming, friendly neighborhood known for having some of the lowest HOA fees in town, this property offers not only a beautiful home but also outstanding value. With modern updates, an entertainer-friendly layout, and a desirable community setting, this home is one you won't want to miss.
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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%.
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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.
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 |
|---|---|---|---|
| Aug 1, 2026 | Price Decreased |
$535,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by Rise Realty | $540,000 | |
| Listed by Rise Realty | |||
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Aug 2, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Compass RE Texas, LLC | $530,000 | |
| Listed by Compass RE Texas, LLC | |||
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***Please put 294 Preakness Place Road in GPS when showing***. Welcome to 39 Preakness Place Road, a modern haven nestled on almost an acre lot. This stunning home boasts 4 bedrooms, 3 bathrooms, and a wealth of contemporary features. Step inside to discover a modern remodeled kitchen adorned with sleek quartz countertops and equipped with double ovens, perfect for culinary enthusiasts. The residence exudes elegance with beautiful hardwood floors and fresh paint throughout, creating a seamless blend of style and comfort. Whether you're entertaining guests or seeking relaxation, the spacious layout offers versatility and sophistication. Outside, the expansive lot provides ample space for outdoor activities and potential expansion. Don't miss the opportunity to make this meticulously updated residence your own.
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About Grayson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017