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708 Summer Place
About This Property
Step inside and be greeted by hardwood floors and a warm, neutral color palette that flows seamlessly throughout, creating a timeless backdrop ready for any style of decor. The recently renovated kitchen is the heart of the home, featuring thoughtful updates that make cooking and entertaining a pleasure. The fully updated primary bath offers a spa-like retreat where every detail has been carefully considered.
With over 2,300 square feet of living space, there's room for everyone - and the opportunities don't stop at the back door. Car enthusiasts, hobbyists, and work-from-home professionals will love the detached 3-car garage with a private office, offering flexibility that is truly hard to find. A 2-car carport provides even more covered parking for guests, boats, or extra vehicles.
The expansive lot gives you the outdoor freedom rarely found in today's market - with room to entertain, garden, or simply enjoy the Texas sky in your own backyard.
All of this in Murphy, known for its top-rated Wylie ISD schools, friendly neighborhoods, and convenient access to Hwy 75 and the George Bush Tollway.
This one checks every box. Come see it before it's gone.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Aug 8, 2026 | Price Decreased |
$610,000
↓ $16K
(2.6%) | |
| Price Decreased | |||
| Jul 20, 2026 | Listed by Ebby Halliday Realtors | $626,000 | |
| Listed by Ebby Halliday Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017