4824 Allencrest Lane
About This Property
Nestled on a beautiful, quiet street in the coveted private school corridor of Forestcrest Estates, this darling cottage sits on a pristine .436-acre lot with 109 feet of frontage. Mature oak trees frame the property, offering timeless beauty and shade, while the newer fenced yard provides privacy and a secure space for outdoor living. This home blends charm with modern conveniences, making it perfect for today's discerning buyer! Inside, you will find a thoughtfully designed 3-bedroom, 2-bath residence featuring a gourmet kitchen that will delight any home chef. The kitchen is equipped with a Stainless-Steel SubZero refrigerator, a Viking gas range with a grill and griddle, a farmhouse sink, and ample counter space for entertaining. The adjacent breakfast room includes a private desk area with file drawers, providing a dedicated space for work or study while overlooking the lush backyard. The home offers inviting living spaces with wood or tile floors throughout, ensuring durability and ease of maintenance. A bay window in the front adds architectural charm and floods the entry with natural light. The primary suite is a true retreat, featuring a marble bath with two sink areas, an extra-large shower, and built-in closet space, combining luxury with practicality. A family room anchors the home with beamed ceilings, a cozy fireplace, and a wall of windows that invite the outdoors in, offering serene views of the back yard. The secondary bath has been updated and shares a tile surround design, coordinating seamlessly with the overall aesthetic. Storage and convenience are enhanced by an attached 2-car rear-entry garage, preserving curb appeal and maximizing yard space. The landscaped grounds, mature oaks, and the quiet street create a sense of retreat while still placing you in a premier Dallas location.
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by Briggs Freeman Sotheby's Int'l | $1,050,000 | |
| Listed by Briggs Freeman Sotheby's Int'l | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017