423 Walnut Drive
About This Property
The family room features a stunning double-stacked fireplace mantle and is filled with natural light from large windows and skylights. The kitchen includes a walk-in pantry, new gas range and hood, new dishwasher, and ample counter space for meal prep and hosting.
This flexible layout offers four bedrooms and three full baths, including a private suite perfect for guests or a home office. The primary suite boasts vaulted ceilings, a generous walk-in closet, dual sinks, a soaking tub, and a separate shower.
Enjoy outdoor living in the enlarged covered patio with ceiling fan and a built-in natural gas grill, ideal for summer cookouts. Additional features include plantation shutters, art niches, arched openings, and beautiful architectural details throughout.
The oversized side-facing garage includes a turnaround driveway and extra storage space. Ideally located just minutes from shopping, restaurants, golf, and within walking distance to the community pool, park, and playground. Pickleball and volleyball courts opening August 2025! Plus, you're only minutes from the scenic 12-acre Timbers Nature Preserve, offering trails, pavilions, playgrounds, a pond, and more.
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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 |
|---|---|---|---|
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 6, 2025 | Price Decreased |
$499,999
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Jul 24, 2025 | Listed by Keller Williams Dallas Midtown | $515,000 | |
| Listed by Keller Williams Dallas Midtown | |||
| Sep 28, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017