4004 Indian Grass Lane
About This Property
Welcome to a sophisticated blend of luxury and modern comfort in the highly coveted Lilyana community with a west facing front door, nestled within the top-rated Prosper ISD. This meticulously designed residence offers an impressive layout with 4 bedrooms, 4.5 baths, and an open-concept design that invites elegance and functionality at every turn. Enter through the grand foyer to be greeted by soaring ceilings in the main living area, seamlessly integrating with the state-of-the-art chef's kitchen. Outfitted with premium appliances, custom cabinetry, and expansive counter space, this kitchen is truly the heart of the home.
The main level features two primary-style suites, each offering privacy and luxury with spa-like en-suite baths, making this home ideal for multi-generational living or hosting guests. A formal dining room invites intimate gatherings, while a private office provides the perfect workspace. Upstairs, discover a game room and dedicated media room, designed for endless entertainment and relaxation, along with two additional spacious bedrooms, each with its own bath, ensuring comfort for all.
Situated on an oversized lot with ample space between neighboring homes, the backyard offers a blank canvas for your dream outdoor oasis, whether it's a pool, cabana, or lush gardens. Embrace the unparalleled amenities Lilyana provides, including resort-style pools, parks, pickleball courts, and scenic trails. This exceptional property combines luxurious interiors, an expansive lot, and access to a vibrant community for a truly extraordinary lifestyle.
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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 |
|---|---|---|---|
| Jan 29, 2025 | Sold | ||
| Sold | |||
| Nov 25, 2024 | In contract | - | |
| In contract | |||
| Nov 5, 2024 | Listed by CENTURY 21 Judge Fite Co. | $770,000 | |
| Listed by CENTURY 21 Judge Fite Co. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017