7051 Texas Trace
About This Property
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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 |
|---|---|---|---|
| Jul 12, 2024 | Sold | ||
| Sold | |||
| Jun 15, 2024 | In contract | - | |
| In contract | |||
| May 29, 2024 | No longer available | - | |
| No longer available | |||
| May 28, 2024 | Listed by Martha Turner Sotheby's International Realty | $1,475,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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This property in High Meadows Estate offers luxury living with high-end upgrades & custom features that is better than new construction. Highlights include a leisure pool with sun deck & waterfalls, covered back patio with outdoor kitchen, TV area, & outdoor dining space. Safety features like a removable pool fence from Katchakid ensure child safety. Custom Jellyfish exterior lighting adds evening charm. The home boasts an HVAC-equipped 3-car garage, whole-house natural gas generator, plantation-style window treatments, & custom drapes. The first floor features a lavish primary suite, office, great room with fireplace, gourmet kitchen, secondary bedroom suite and more. Upstairs, there are 3 bedrooms, game room, secret media room, and ample storage. Situated on 1.5+ acres, residents enjoy community events like crawfish boils, chili cook-offs, and pool/tennis amenities. Reach out for more details and a tour!
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| May 16, 2024 | Price Decreased |
$1,475,000
↓ $25K
(1.7%) | |
| Price Decreased | |||
Property Highlights
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Status
Price/ft²
Listed On
Sold On
About Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017