395 Florence Drive
About This Property
Step into luxury with this impeccably maintained home featuring a brand-new roof, fresh neutral interior paint, and new carpet throughout. Back on the market due to a contingent offer falling through-this is your opportunity to make this dream home yours!
The large, open floor plan boasts real oak hardwood floors and a chef-inspired gourmet kitchen, complete with a massive island, butler's pantry, and upgraded custom solar screens on all windows for added comfort and efficiency. A private in-home office with elegant French doors and a formal dining room complete the main level, offering the perfect blend of function and sophistication.
Upstairs, you'll find three spacious bedrooms, two bathrooms, a versatile game room, a private media room, and a built-in study area with a custom wooden desk. Designed for entertaining, the expansive backyard features a covered patio with ample space for outdoor gatherings and the potential for a future pool.
Nestled in the prestigious Woodcreek subdivision, this home is part of the top-rated Rockwall ISD and is within walking distance to Stevenson Elementary. Zoned for Utley Middle School and Rockwall High School, it's a perfect location for families. Additionally, the low 1.7544% tax rate (including MUD) offers incredible value in one of the area's most sought-after communities.
Don't miss out on this rare opportunity-schedule your private tour today and experience the charm, elegance, and exceptional features this home has to offer!
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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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 31, 2025 | In contract | - | |
| In contract | |||
| Jan 22, 2025 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
| Dec 19, 2024 | Relisted | $509,999 | |
| Relisted | |||
| Dec 16, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017