$695,000 Last Listed Price
●
House -
Off Market
12679 Maxwell Street
Willis, TX 77378
3 Beds
2 Baths
1,984 Ft²
$693,104
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
This 3 ACRE hard to find country property with a beautiful home and
huge 3850 sq ft workshop is just minutes from The Woodlands,
Conroe, and Willis. The property is located in Timberline Estates,
an acreage community, with a low tax rate of 1.7%, light deed
restrictions and $0 subdivision dues. The workshop is a large
indoor work area with concrete floors and loft and is connected to
an outdoor storage area that could easily be converted for animals.
A 20X10 climate controlled room with full bathroom could be
used as an office, guest room, etc...The well maintained 2400 sq ft
home totes high ceilings in the living area & kitchen, a Generac
whole house generator, gas/wood burning fireplace, and electric
appliances.The converted garage is vented with AC and Heat.The
patio has bar area and overlooks the heated swimming pool with a
hot tub.
Unit Size
1,984 Ft²
Days on Market
-
Land Size
3.00 acres
Price per sqft
$350
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
2005
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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 #52769023)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 5, 2023 | Sold | ||
| Sold | |||
| May 17, 2023 | Listed by BHGRE Gary Greene | $695,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
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This 3 ACRE hard to find country property with a beautiful home and huge 3850 sq ft workshop is just minutes from The Woodlands, Conroe, and Willis. The property is located in Timberline Estates, an acreage community, with a low tax rate of 1.7%, light deed restrictions and $0 subdivision dues. The workshop is a large indoor work area with concrete floors and loft and is connected to an outdoor storage area that could easily be converted for animals. A 20X10 climate controlled room with full bathroom could be used as an office, guest room, etc...The well maintained 2400 sq ft home totes high ceilings in the living area & kitchen, a Generac whole house generator, gas/wood burning fireplace, and electric appliances.The converted garage is vented with AC and Heat.The patio has bar area and overlooks the heated swimming pool with a hot tub.
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Timber Line Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Phyllis Baudat, BHGRE Gary Greene
Last Updated: 4 months ago
Data Source: HAR , MLS# 52769023
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Last Updated: 4 months ago
Data Source: HAR , MLS# 52769023
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