9535 Palermo Way
About This Property
This exceptional home features 4 bedrooms, 3.5 bathrooms, a spacious main-level office/library that can be converted into a 5th bedroom, dedicated laundry room, and an oversized 3-car garage. From the moment you enter through the elegant double doors, you are greeted by soaring vaulted ceilings, abundant natural light, and an open, airy floor plan designed for both comfortable living and entertaining. Recently remodeled and move-in ready, the home showcases brand new flooring, fresh interior paint, a stunning remodeled kitchen with oversized waterfall island, white cabinetry, quartz countertops, recessed lighting, and a beautifully updated powder room. The bright open-concept kitchen flows seamlessly into the spacious family and dining areas, creating an ideal setting for everyday living and entertaining. Upstairs, the generous primary suite offers a peaceful retreat with vaulted ceilings and a spacious bathroom layout. Secondary bedrooms are well-sized and thoughtfully positioned for privacy and functionality. Step outside to enjoy multiple outdoor entertaining spaces, mature landscaping, and a private backyard with plenty of room for relaxation, gatherings, or future customization.
Located within the highly acclaimed Cypress School District and nationally recognized Oxford Academy eligibility area (subject to testing and admission requirements), this home offers an exceptional educational opportunity highly sought after by many buyers. Conveniently close to parks, shopping, dining, and major freeways, this rare offering combines space, style, privacy, and an outstanding location in one exceptional home.
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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 |
|---|---|---|---|
| Jul 16, 2026 | Sold | ||
| Sold | |||
| Jun 11, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Listed by Alink Realty Group | $2,050,000 | |
| Listed by Alink Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017