$230,000 Last Listed Price
●
House -
Off Market
119 Commerce Lane
Highlands, TX 77562
3 Beds
2 Baths
1,613 Ft²
$1,262
Est. Monthly
About This Property
Excellent property with 1 acre and no back neighbors! Enjoy the
weather from the front porch, on the back deck, or from the swing
patio. This home with an attached carport, and shade trees has many
possibilities. The family room, dining room, and kitchen are
open-concept and great for entertaining. The office has built-in
cabinets & desk. Split floor plan has the primary bedroom separate
from the other bedrooms. The primary suite features his and her
closets and a separate tub and shower. The property has a metal
building in the backyard that can be used as a workshop, garage, or
storage with the shelving and storage room in the shop. The shop
also has electricity and water, an attached carport, and a separate
lawnmower storage room. There are RV hookups for electricity,
water, and sewer next to the extended concrete slab. Quiet
neighborhood, with no thru traffic. Energy-efficient storm windows.
The roof was replaced in 2016. Bathroom vanities were rebuilt in
2016. Refrigerator stays.
Unit Size
1,613 Ft²
Days on Market
-
Land Size
1.04 acres
Price per sqft
$143
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1999
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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 #9204243)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| Feb 26, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Premier, Realtors | $230,000 | |
| Listed by Premier, Realtors | |||
| | |||
|
Excellent property with 1 acre and no back neighbors! Enjoy the weather from the front porch, on the back deck, or from the swing patio. This home with an attached carport, and shade trees has many possibilities. The family room, dining room, and kitchen are open-concept and great for entertaining. The office has built-in cabinets & desk. Split floor plan has the primary bedroom separate from the other bedrooms. The primary suite features his and her closets and a separate tub and shower. The property has a metal building in the backyard that can be used as a workshop, garage, or storage with the shelving and storage room in the shop. The shop also has electricity and water, an attached carport, and a separate lawnmower storage room. There are RV hookups for electricity, water, and sewer next to the extended concrete slab. Quiet neighborhood, with no thru traffic. Energy-efficient storm windows. The roof was replaced in 2016. Bathroom vanities were rebuilt in 2016. Refrigerator stays.
| |||
| Jul 6, 2021 | Sold | ||
| Sold | |||
| Apr 2, 2021 | Listed by BHGRE Gary Greene | $158,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Looking for more space? This may be the property for you with 1 acre and NO BACK NEIGHBORS! Enjoy the weather from the front porch, on the back deck, or from the swing patio. This home with an attached carport, shade trees, and shows pride of ownership. Family room, dining room, and kitchen are open concept and great for entertaining. The office has built in cabinets & desk. The split floor plan has the primary bedroom separate from the secondary bedrooms. Primary suite feature his and her closets and separate tub and shower. Plenty of storage with the shelving and storage room in the shop. The shop also has electricity and water, attached carport, and a separate lawnmower storage room. There are RV hook ups for electric, water, and sewer next to the extended concrete slab. Quiet neighborhood, no thru traffic. Energy efficient storm windows. Roof replaced in 2016. Bathroom vanities rebuilt in 2016. Well and septic inspected in March 2021. Septic emptied March 2021. Refrigerator stays.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
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Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Harris
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Listed by: Desmond Trotter, Premier, Realtors
Last Updated: 4 months ago
Data Source: HAR , MLS# 9204243
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Last Updated: 4 months ago
Data Source: HAR , MLS# 9204243
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