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4437 Grassmere Lane
About This Property
The first floor includes a downstairs bedroom, generous living and dining spaces, and an easy connection to the backyard. The kitchen is anchored by an oversized island with plenty of seating, a breakfast area, Wolf range, and Sub-Zero refrigerator.
Each bedroom has its own en-suite bath, adding comfort and privacy for family and guests. Upstairs includes a playroom, five additional bedrooms, along with a luxury primary suite that feels like a true retreat with a spacious bedroom, expansive closet, and a spa-like bath with elevated finishes.
The outdoor living area overlooks a private, turfed backyard with a beautiful pool-spa, creating a comfortable setting for everyday living and entertaining. With six bedrooms, all with en-suite baths, multiple gathering spaces, outdoor living, a private pool, and a prime corner-lot setting, this is a home designed for families who want space, convenience, and a true neighborhood lifestyle.
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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.
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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 18, 2026 | Listed by Compass RE Texas, LLC. | $3,275,000 | |
| Listed by Compass RE Texas, LLC. | |||
| Aug 19, 2026 | No longer available | - | |
| No longer available | |||
| Jun 17, 2026 | Listed by Compass RE Texas, LLC. | $3,395,000 | |
| Listed by Compass RE Texas, LLC. | |||
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Beautifully designed newer construction on a corner lot in University Park, served by Bradfield Elementary - Highland Park ISD, and ideally located near favorite neighborhood retail and restaurants. Completed in 2021, this six-bedroom home offers a flexible, thoughtful floor plan with multiple spaces that can live a variety of ways — home office, playroom, guest suite, exercise room, or additional living areas.
The first floor includes a downstairs bedroom, generous living and dining spaces, and an easy connection to the backyard. The kitchen is anchored by an oversized island with plenty of seating, a breakfast area, Wolf range, and Sub-Zero refrigerator.
Each bedroom has its own en-suite bath, adding comfort and privacy for family and guests. Upstairs includes a playroom, five additional bedrooms, along with a luxury primary suite that feels like a true retreat with a spacious bedroom, expansive closet, and a spa-like bath with elevated finishes.
The outdoor living area overlooks a private, turfed backyard with a beautiful pool-spa, creating a comfortable setting for everyday living and entertaining. With six bedrooms, all with en-suite baths, multiple gathering spaces, outdoor living, a private pool, and a prime corner-lot setting, this is a home designed for families who want space, convenience, and a true neighborhood lifestyle.
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| Jun 23, 2021 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by Compass RE Texas, LLC. | $2,199,000 | |
| Listed by Compass RE Texas, LLC. | |||
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Fantastic new construction in HPISD scheduled for completion Spring 2021. Quality workmanship with designer finishes throughout. Prime floorplan with open kitchen den. Kitchen with natural stone countertops, professional-grade stainless appliances, fine custom shaker cabinetry and large island. Elegant Master suite is large and spacious, marble countertops, free-standing tub, walk-in jetted shower, custom closet rods and shelves. White Oak wood flooring downstairs and common areas upstairs. Inviting covered outdoor living space. Room for pool and play area. Attached 2 car garage. Additional: downstairs study, caterers kitchen, great room, full pantry, 5 beds, 4.1 baths, and playroom.
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About University Park
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Address: 335 Madison Avenue, New York, NY 10017