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12325 Longmire Trace
About This Property
This lot offers the following:
· The Lot is cleared and ready to build
· Located within the Conroe City Limits
· Located in the highly regarded Willis Independent School District
· Lake View from the front and backs up to a 55 and up neighborhood.
· NO MUD TAX and LOW HOA FEES
· Access to a Private Community Boat Ramp
· Access to Utilities, Internet, Cable
· Located in a non-flood zone
· Located in a gated community.
· Survey and Soil Test are available
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 2, 2025 | Sold | ||
| Sold | |||
| Apr 28, 2025 | In contract | - | |
| In contract | |||
| Apr 9, 2025 | Price Decreased |
$115,500
↓ $500
(0.4%) | |
| Price Decreased | |||
| Mar 1, 2025 | Listed by Texas General Realty, Inc. | $116,000 | |
| Listed by Texas General Realty, Inc. | |||
| Dec 13, 2024 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
About Longmire on Lake Conroe
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017