616 Cannan Drive
About This Property
3-bedroom, 2.5-bath home offering approximately 2,500 sq ft on a landscaped 0.82-acre lot with mature trees and multiple outdoor living spaces. Flexible floor plan includes a dedicated home office, formal dining room, breakfast area, and spacious living room with fireplace. Kitchen features abundant cabinetry, stainless steel appliances, double ovens, gas cooktop, and generous counter space. New flooring in dining, kitchen, office and bedrooms. Primary suite includes a walk-in shower, while the secondary bath offers dual sinks and granite countertops. Energy-efficient upgrades include solar panels, Tesla Powerwall backup system, and water filtration system. Outdoor amenities include an expansive covered patio, screened porch, park-like backyard, detached workshop, and covered storage area. Conveniently located near shopping, dining, schools, and major commuter routes.
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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%.
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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.
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 10, 2026 | Price Decreased |
$374,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$379,900
↓ $5K
(1.3%) | |
| Price Decreased | |||
| May 29, 2026 | Listed by RE/MAX Crossroads Realty | $385,000 | |
| Listed by RE/MAX Crossroads Realty | |||
| Aug 24, 2020 | Sold | ||
| Sold | |||
| May 4, 2020 | Listed by Coldwell Banker Realty | $263,000 | |
| Listed by Coldwell Banker Realty | |||
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Welcome to 616 Cannan Drive! This well-maintained 2500 sq ft home boasts 3 bedrooms and 2.5 bathrooms, and is on a .82 acre lot in town. It is located close to the heart of Angleton, on a beautiful tree-lined street. Easy commute to plants and refineries in surrounding areas. There are real hardwood floors throughout the main living areas, new A/C and heater in 2019, new A/C ducts 2020 and an entire re-roof in 2015. The home is wired for a security system with cameras, has tons of storage and has a water softener system. There are automatic sprinklers in the front yard and on the left side of the house, a foundation watering system, and a soaker hose in landscaping. The building on the very back of the property has electricity, as well as a shallow well in the rear corner. All windows are double-paned with solar screens, and have custom window coverings for hurricanes that will convey. Come take a look at this spacious home on one of the prettiest streets in town, and make it yours!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017