5357 Kingsknowe Parkway
About This Property
Lake Living Without the Price Tag - This One is a Gem! This move-in ready 3-bedroom open concept home backs up to green space on Marine Creek Lake with no rear neighbors, offering serene lake living at an incredible value. Just steps from the community pool, volleyball and basketball courts, and playground, the amenities couldn't be more convenient. Inside, bamboo flooring flows through the main living space into the oversized kitchen with stainless steel appliances, unique light fixtures, ample cabinetry, and a large walk-in pantry. Anderson windows and new lighting brighten every room. Newer carpeting adds fresh comfort, and the wood-burning fireplace with electric logs provides warmth and ambiance year-round. The primary bedroom is a true retreat with a wraparound walk-in closet and a newly remodeled bathroom. A freshly painted exterior, new toilets, updated landscaping, overhead garage storage, and a shade sail porch round out a home that has been lovingly maintained throughout. The roof is approximately 4 years old. Best of all the paid-off solar panels bring average utility bills to just approximately $50 per month. Easy access to the expressway and close to shopping make the location equally hard to beat. Loaded with updates, backed by green space, and delivering exceptional savings this gem will not last long!
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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 |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed by Orchard Brokerage | $265,000 | |
| Listed by Orchard Brokerage | |||
| Mar 5, 2026 | No longer available | - | |
| No longer available | |||
| Feb 19, 2026 | Price Decreased |
$270,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017