$368,000
●
House -
Off Market
108 Scenic Drive
Heath, TX 75032
4 Beds
0 Bath
1,760 Ft²
$2,306
Est. Monthly
$6
HOA / Fees
6.50%
Cap Rate
About This Property
We're proud to bring to market a beautiful & pampered home at the
end of Hubbard Drive, with Lake Ray Hubbard & multi-million dollar
homes on all sides. The new & improved Hubbard Drive has been under
construction for over a year now, but this home is about to be
connected to downtown Heath by a pedestrian path that winds its way
through gorgeous neighborhoods, across a lagoon, past the lake, &
essentially right up to the front door of this functional & useful
home. With 4 bedrooms, 2 of which are able to function as primary
bedrooms, this home can accommodate all sorts of living
arrangements, whether it be a live-in mother-in-law or tenant, the
possibilities are endless with a home as dynamic as this. The
backyard is a retreat unto itself; if you spend any time at all
back there you'll be whisked away to summer camp, sitting around
the fire pit with friends & family. The shop out back is massive, &
is serviced by a huge rolling gate for even more parking than
what's offered out front.
Unit Size
1,760 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$219
Property Type
House
Property Taxes
$410
HOA Dues
$6
Year Built
1981
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (NTREIS #20556337)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Mar 8, 2024 | Listed by Keller Williams Central | $384,900 | |
| Listed by Keller Williams Central | |||
| Mar 5, 2024 | No longer available | - | |
| No longer available | |||
| Feb 25, 2024 | Listed by Jessica Hargis Realty, LLC | $385,000 | |
| Listed by Jessica Hargis Realty, LLC | |||
| | |||
|
Don't miss what this property has to offer. UPDATED 4 bedroom home on QUARTER ACRE LOT in Antigua Bay of Heath! Garage has been CONVERTED to include the 4th BEDROOM with NEW CARPET, FULL BATH & WIC - also has an exterior door & large front window. Good size separate laundry room. Open floorplan design with LIVING ROOM featuring built-ins, recessed lighting, & accent wall, DINING Banquette-Bench Seat w-storage & the KITCHEN boasting granite countertops, stone backsplash, slide-out shelves in pantry cabinet, large pot drawers & stainless steel single sink. Soft neutral paint, crown molding & UPDATED BATHROOMS. All bedrooms have walk-in closets. Easy CARE dark wood-look tile everywhere except carpet in bedrooms. Outside has an OUTDOOR LIVING PAVILLION with kitchen, firepit & swing seating to enjoy the breeze from the giant trees! Plus a large storage shed and the side drive is perfect to park your motor home! The manager has listed the unit size as 1760 square feet.
| |||
| Jan 23, 2024 | No longer available | - | |
| No longer available | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Antigua Bay
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Listed by: Parker Hall, Keller Williams Central
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20556337
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20556337
Details provided by NTREIS and may not match the public record
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