708 Shady Lane
About This Property
3-bedroom, 2-bath brick home offering 1,554 SF on a 10,238 SF lot in the Armstrong subdivision. Single-story floor plan. Primary bedroom with en-suite bath and walk-in closet. Spacious living and dining area features updated tile flooring, large picture windows, and abundant natural light. Kitchen offers extensive wood cabinetry, generous counter space, electric range, microwave, dishwasher, and breakfast bar seating. Formal entry foyer. Utility area in the attached 2-car garage. Recent interior updates include neutral paint, refreshed tile flooring, and newer carpet in bedrooms. Both bathrooms feature solid-surface vanities and ample storage. Exterior highlights include a covered back patio, mature shade trees, storm shutters, and a large backyard with room for outdoor entertaining, gardening, or future improvements. Quiet neighborhood with convenient commuting access to Hwy 3, FM 1764, I45, shopping, and dining.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$210,000
↓ $8K
(3.5%) | |
| Price Decreased | |||
| Jun 8, 2026 | Listed by RE/MAX Crossroads Realty | $217,500 | |
| Listed by RE/MAX Crossroads Realty | |||
| Jun 15, 2022 | Sold | ||
| Sold | |||
| Apr 28, 2022 | Listed by Shaw Real Estate | $150,800 | |
| Listed by Shaw Real Estate | |||
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Great investment opportunity. Cute 3 bedroom 2 bath home with a large green back yard and covered patio.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017