961 Gladewater Drive
About This Property
The chef's kitchen features an oversized quartz island, custom cabinetry with lit upper cabinets, stainless steel appliances, gas cooktop, double ovens, butler's pantry, marble backsplash and walk-in pantry. Open to the spacious living and dining areas, the layout is perfect for entertaining with large windows and a cozy fireplace creating a bright, inviting atmosphere.
The main-level primary suite offers dual vanities, quartz countertops, a walk-in shower, and a large walk-in closet. A secondary downstairs bedroom and glass-enclosed private study provide flexibility for guests and working from home. Upstairs includes two additional bedrooms and a spacious game room.
Enjoy the extended covered patio and spacious backyard, all within walking distance to the elementary school and zoned to the acclaimed Prosper Independent School District.Home is located on quiet cul de sac perfect for family gatherings.
Residents of Star Trail enjoy resort-style amenities including pools, clubhouse, playgrounds, outdoor lounges, and basketball, tennis, and pickleball courts. Conveniently located near the Dallas North Tollway, this home offers luxury living in one of North Texas's premier communities.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Sold | ||
| Sold | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
| Aug 18, 2026 | Price Decreased |
$699,900
↓ $30K
(4.1%) | |
| Price Decreased | |||
| Jun 10, 2026 | Price Decreased |
$729,900
↓ $9K
(1.2%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by Ebby Halliday Realtors | $739,000 | |
| Listed by Ebby Halliday Realtors | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017