$568,000 Last Listed Price
●
House -
Off Market
116 W Rainbow Ridge Circle
The Woodlands, TX 77381
4 Beds
2 Baths,
1
Half Bath
2,616 Ft²
$3,423
Est. Monthly
About This Property
Beautifully updated home on oversized, lushly landscaped corner lot
located in a wonderful, family-friendly neighborhood in the Heart
of The Woodlands! Sunny, open two-story entry foyer with spacious
floor plan, this home is easily maintained with all 4 sides in
brick! Fresh interior paint, newly updated kitchen, and baths in
quartz counters; updated sinks, faucets, cabinet hardware;
contemporary lighting throughout. Large breakfast nook in kitchen,
so formal dining easily converted to private office.
Well-maintained, the roof/gutters replaced in 2021, AC upstairs
2010, AC downstairs 2017, electric panel 2023, water heater 2023,
back deck 2024, vinyl plank floors upstairs/wood staircase
installed in 2023. Walking distance to parks, hike/bike trails,
neighborhood pool with splash pad, playground, tennis and
pickleball courts, YMCA, restaurants, shops, and top-rated David
Elementary and Collins Intermediate. Playset stays with home as do
washer, dryer & fridge, and induction oven.
Unit Size
2,616 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$217
Property Type
House
Property Taxes
$633
HOA Dues
-
Year Built
1987
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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: 4 months ago (HAR #96214932)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Aug 7, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by eXp Realty LLC | $568,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
Beautifully updated home on oversized, lushly landscaped corner lot located in a wonderful, family-friendly neighborhood in the Heart of The Woodlands! Sunny, open two-story entry foyer with spacious floor plan, this home is easily maintained with all 4 sides in brick! Fresh interior paint, newly updated kitchen, and baths in quartz counters; updated sinks, faucets, cabinet hardware; contemporary lighting throughout. Large breakfast nook in kitchen, so formal dining easily converted to private office. Well-maintained, the roof/gutters replaced in 2021, AC upstairs 2010, AC downstairs 2017, electric panel 2023, water heater 2023, back deck 2024, vinyl plank floors upstairs/wood staircase installed in 2023. Walking distance to parks, hike/bike trails, neighborhood pool with splash pad, playground, tennis and pickleball courts, YMCA, restaurants, shops, and top-rated David Elementary and Collins Intermediate. Playset stays with home as do washer, dryer & fridge, and induction oven.
| |||
| Aug 18, 2021 | Sold | ||
| Sold | |||
| Jun 11, 2021 | Listed by Walzel Properties | $355,000 | |
| Listed by Walzel Properties | |||
| | |||
|
Clean, Ready for immediate occupancy, beautiful remodeled home. Has Never Flooded.Over sized premium corner lot , completely landscaped with full sprinkler system on entire property. All 4 outside walls are brick from ground to roof. ( most are half brick on sides).All wood trim has been replaced with cement board on outside of home. Raised wooden deck in backyard.` Detached -fully sheet rocked garage with entire attic area decked for storage, with lighting. Covered front and back porch.Wood privacy fence in backyard.Zoned for 2 separate AC units ( both Trane).INSIDE :porcelain tile throughout downstairs.Fireplace in Family room/Game room with gas logs.Upgrade kitchen counters and back splash. Frigidaire appliances. Ceiling fans throughout home, both upstairs and downstairs.Recently renovated baths. New carpet upstairs. Lots of windows for great natural lighting
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
Baths
ft²
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Sold On
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HOA + Taxes
About The Woodlands
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Listed by: Ann Buist, eXp Realty LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 96214932
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Last Updated: 4 months ago
Data Source: HAR , MLS# 96214932
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