4603 Longevity DR
About This Property
The impressive chef's kitchen features Bosch appliances, ample storage, an impressive tile backsplash, and quartz center island. The spacious owner's retreat occupies its own level, offering a walkthrough closet with ceiling-height storage and a spa-quality bath complete with dual vanities, modern freestanding tub, and a large walk-in shower. The upper most level of the popular Laurel plan includes two additional bedrooms, each with an en-suite bath. This chic, lock-and-leave residence presents the convenience of two laundry locations, a central vacuum system, smart home features, and a rear entry garage. Residents enjoy The Grove's vibrant live|play|work lifestyle with green gathering areas, parks, plazas, trails, entertainment, restaurants, and boutique retail, all just minutes from downtown ATX.
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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 |
|---|---|---|---|
| Oct 4, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Price Decreased |
$875,000
↓ $25K
(2.8%) | |
| Price Decreased | |||
| Jun 28, 2024 | Price Decreased |
$899,999
↓ $50K
(5.3%) | |
| Price Decreased | |||
| May 17, 2024 | Listed by eXp Realty, LLC | $950,000 | |
| Listed by eXp Realty, LLC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/17/2024
| |
3 Bed
|
4 Bath
|
2352 ft²
|
$950,000
3 Bed
4 Bath
2352 ft²
|
$875,000
-7.89%
05/17/2024
|
Elizabeth Riley
eXp Realty LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017