$25,000
●
Land -
Off Market
11 Cherokee Trace
Tool, TX 75143
Studio
0 Bath
$133
Est. Monthly
About This Property
Imagine waking up every morning to the sight of several large,
beautiful shade trees that surround your new homestead. You'll be
able to enjoy the serene wildlife while sipping on a hot cup of
coffee. This stunning lot is located in Tool, on the peaceful
street of Utopia. The neighborhood is currently experiencing a
period of revitalization and growth, making it the perfect
opportunity to invest in your future. With MUD water and sewer
already available, this lot is ready to help bring your new build
dreams to life. The area is also home to several new construction
homes, making it the perfect location to be at the forefront of
this transformation and reap the benefits of potential
appreciation. Additionally, it is conveniently located just steps
away from Cedar Creek Lake, which boasts the perfect location for
even more growth. Don't miss out on this remarkable opportunity to
shape a brighter future for yourself and the neighborhood.
Unit Size
-
Days on Market
-
Land Size
0.20 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (NTREIS #20816950)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Jun 11, 2025 | In contract | - | |
| In contract | |||
| Jan 14, 2025 | Listed by Local Realty Agency | $26,900 | |
| Listed by Local Realty Agency | |||
| Jan 9, 2025 | No longer available | - | |
| No longer available | |||
| Jan 9, 2024 | Listed by Local Realty Agency | $26,900 | |
| Listed by Local Realty Agency | |||
| | |||
|
Imagine waking up every morning to the sight of several large, beautiful shade trees that surround your new homestead. You'll be able to enjoy the serene wildlife while sipping on a hot cup of coffee. This stunning lot is located in Tool, on the peaceful street of Utopia. The neighborhood is currently experiencing a period of revitalization and growth, making it the perfect opportunity to invest in your future. With MUD water and sewer already available, this lot is ready to help bring your new build dreams to life. The area is also home to several new construction homes, making it the perfect location to be at the forefront of this transformation and reap the benefits of potential appreciation. Additionally, it is conveniently located just steps away from Cedar Creek Lake, which boasts the perfect location for even more growth. Don't miss out on this remarkable opportunity to shape a brighter future for yourself and the neighborhood.
| |||
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tool
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Elona Dynov, Local Realty Agency
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20816950
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20816950
Details provided by NTREIS and may not match the public record
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017