$285,000 Last Listed Price
●
House -
Off Market
12401 Ridgecrest Drive
Willis, TX 77318
3 Beds
2 Baths
1,607 Ft²
$1,857
Est. Monthly
$24
HOA / Fees
About This Property
Located in the wonderful Lake Conroe Hills subdivision, this recent
construction, energy-efficient home has so much to offer! The home
was newly carpeted in 2024, freshly painted in 2023 and the HVAC
system was replaced in 2021! Featuring 3 bedrooms, 2 full baths and
lovely architectural details, this property also offers a gorgeous
lot - over 11,000 SF - with mature landscaping and plenty of room
for a pool! Meador Elementary and Brabham Middle school are less
than 5 miles from the home, and the high school is only 6.3 miles
away - so convenient! With close proximity to Lake Conroe, WG Jones
State Forest, Sam Houston National Forest and fabulous dining and
entertainment options such as B52 Brewing Company, GuadalaHARRY's
Bar & Grill and Margaritaville Lake Conroe, opportunities for
relaxation and recreation are in abundance! Schedule a showing to
see why 12401 Ridgecrest Drive is the perfect place to Come Live
Where You Play!
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$177
Property Type
House
Property Taxes
$433
HOA Dues
$24
Year Built
2015
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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: 5 months ago (HAR #19053358)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 19, 2024 | Listed by The Advisory Real Estate + Development | $285,000 | |
| Listed by The Advisory Real Estate + Development | |||
| | |||
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Located in the wonderful Lake Conroe Hills subdivision, this recent construction, energy-efficient home has so much to offer! The home was newly carpeted in 2024, freshly painted in 2023 and the HVAC system was replaced in 2021! Featuring 3 bedrooms, 2 full baths and lovely architectural details, this property also offers a gorgeous lot - over 11,000 SF - with mature landscaping and plenty of room for a pool! Meador Elementary and Brabham Middle school are less than 5 miles from the home, and the high school is only 6.3 miles away - so convenient! With close proximity to Lake Conroe, WG Jones State Forest, Sam Houston National Forest and fabulous dining and entertainment options such as B52 Brewing Company, GuadalaHARRY's Bar & Grill and Margaritaville Lake Conroe, opportunities for relaxation and recreation are in abundance! Schedule a showing to see why 12401 Ridgecrest Drive is the perfect place to Come Live Where You Play!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Lake Conroe Hills
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Listed by: Oscar C. Hernandez, The Advisory Real Estate + Development
Last Updated: 5 months ago
Data Source: HAR , MLS# 19053358
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Last Updated: 5 months ago
Data Source: HAR , MLS# 19053358
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