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3936 Gillespie Drive
About This Property
A gracious entry is complemented by a spacious sitting area and formal dining room, offering plenty of room to gather. The private primary suite is conveniently located on the main level and features dual closets in addition to a separate walk-in closet, providing exceptional storage.
The recently updated kitchen features beautiful new cabinetry, countertops, and appliances and opens to the main living area, creating an ideal layout for everyday living and entertaining. Step outside to your private backyard retreat with a sparkling pool, expansive deck, and brick privacy fence-perfect for relaxing or hosting family and friends.
Upstairs you'll find four generously sized bedrooms, an additional living area or game room, and plenty of storage throughout. One upstairs bedroom features an ensuite bath, two share a Jack-and-Jill bath, and the oversized fourth bedroom offers incredible flexibility as a bedroom, media room, home office, or creative space.
Located within Lewisville ISD, this home offers the best of both worlds: a peaceful, well-established neighborhood with convenient access to the President George Bush Turnpike, TX-121, and I-35E. Combining thoughtful updates, versatile living spaces, outstanding outdoor amenities, and an exceptional location, this is a home you'll enjoy for years to come.
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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 |
|---|---|---|---|
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Sep 19, 2026 | Price Decreased |
$629,000
↓ $25K
(3.8%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$654,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Jul 7, 2026 | Listed by Compass RE Texas, LLC | $679,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jan 1, 2026 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017