$454,995 Last Listed Price
●
House -
Off Market
12707 Park Forest Drive
Cypress, TX 77429
4 Beds
3 Baths
2,169 Ft²
$458,522
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
MOTIVATED SELLER. Rare hidden gem on over half acre! A 4 bedroom/3
bath home has an open entertainers floor plan with extensive
updates featuring quartz counters, newly installed shaker-style
cabinets, stainless appliances, farm sink and a fully custom dry
bar. Has solid red oak wood floors and ceramic tile. The driveway
affords plenty of parking space & boats and RV's are allowed (there
is 220 outlet). The large backyard features lush grass, mature
trees, a fire pit, a large dog kennel and a club house for the
kiddos. Timberlake Estates is a peaceful quiet hidden gem
that offers beautiful mature trees, a fishing lake and park with an
abundance of birds. It also allows for chickens and horses. Welcome
home!
Unit Size
2,169 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$210
Property Type
House
Property Taxes
$566
HOA Dues
$8
Year Built
1966
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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 #83085635)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2023 | Sold | ||
| Sold | |||
| Mar 26, 2023 | Listed by NB Elite Realty | $454,995 | |
| Listed by NB Elite Realty | |||
| Jul 29, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by RE/MAX Compass | $325,000 | |
| Listed by RE/MAX Compass | |||
| | |||
|
Meticulously maintained 4 bedroom/3 bath home on over half an acre. This lovely home has a gracious floorplan with an updated kitchen featuring granite counters, shaker-style cabinets, and stainless appliances. Open living and dining area are ideal for entertaining & gathering. Two bedrooms have full bathrooms so the home can comfortably be used for multi-generational housing purposes. All bedrooms feature spacious closets, carpet and ceiling fans. There are wood floors under the carpet in the dining room & hallway, condition unknown. The driveway affords plenty of parking space & boats and RV's are allowed (there is 220 outlet). The large backyard features lush grass, mature trees, a fire pit, and there is even a large dog kennel for Fido. Timberlake Estates is a hidden gem allowing horses and chickens, has beautiful mature trees, a charming fishing lake and park with an abundance of beautiful birds. Laundry is available both inside the home & the garage. Welcome home!
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Property Highlights
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Cypress
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Listed by: Brandon Wilson, NB Elite Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 83085635
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Last Updated: 4 months ago
Data Source: HAR , MLS# 83085635
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