5282 Homeplace Lane
About This Property
flexibility, and a peaceful setting with the convenience of an easy commute. The functional layout includes
both a breakfast area and a formal dining room, ideal for everyday living and hosting family or friends.
Step outside to the covered back patio and enjoy the view, perfect for morning coffee, evening relaxation,
or entertaining. Build your own shop, a pool or add a garden.
Located with quick access to the highway, this property combines country-style living with commuter
friendly convenience-an ideal balance of comfort, space, and location.
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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 |
|---|---|---|---|
| Feb 18, 2026 | Sold | ||
| Sold | |||
| Jan 4, 2026 | In contract | - | |
| In contract | |||
| Dec 24, 2025 | Listed by Keller Williams Rockwall | $350,000 | |
| Listed by Keller Williams Rockwall | |||
| Dec 21, 2025 | No longer available | - | |
| No longer available | |||
| May 25, 2025 | Listed by RE/MAX Premier | $400,000 | |
| Listed by RE/MAX Premier | |||
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Charming and spacious 1-story home situated on over 1 acre in a highly sought-after neighborhood near beautiful Murphy Lake! This property offers the perfect blend of comfort, potential, and outdoor space. Inside, you'll find a well-designed floorplan featuring a cozy living room with a beautiful fireplace, perfect for relaxing evenings. The kitchen boasts luxury vinyl plank flooring installed just one year ago, offering both style and durability.
The exterior of the home was freshly painted a year ago, giving it great curb appeal and a refreshed look. Step outside to a large covered patio that overlooks the expansive backyard—ideal for entertaining, gardening, or simply enjoying the open space. There's also a convenient storage shed on the property, offering plenty of room for tools, equipment, or hobbies.
Whether you're looking for a peaceful retreat, a place to customize and make your own, or a solid investment in a growing area, this property checks all the boxes. With its generous lot size, prime location near Murphy Lake, and tons of potential, this is a rare opportunity you won’t want to miss!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017