$199,000 Last Listed Price
●
House -
Off Market
1418 April Villas
Conroe, TX 77356
3 Beds
4 Baths
1,854 Ft²
$197,759
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
Built as a corporate retreat, this unique property can be used as a
single living space or as three distinct sleeping areas. The
two downstairs units have separate outside entries but are
connecting rooms so could be repurposed as a single living space.
Each unit currently features a bedroom with small sitting
area and full bath. The upstairs unit features a full
kitchen, living room, and bedroom with full bath. Very
private in that all three rooms have a wall of windows looking
across a heavily treed natural space with the April Sound tennis
pavilion immediately beyond. Walking distance to the
clubhouse for formal and/or casual dining and/or socializing, as
well as the primary pool area. Whether as your personal
living space or income producing potential as long-term rental(s)
or short-term VRBO/AirBnB investment property, this is a
one-of-a-kind property.
Unit Size
1,854 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$107
Property Type
House
Property Taxes
$320
HOA Dues
$257
Year Built
1974
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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 #7521041)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2023 | Sold | ||
| Sold | |||
| Jul 31, 2023 | Listed by Keller Williams Advtge Realty | $199,000 | |
| Listed by Keller Williams Advtge Realty | |||
| | |||
|
Built as a corporate retreat, this unique property can be used as a single living space or as three distinct sleeping areas. The two downstairs units have separate outside entries but are connecting rooms so could be repurposed as a single living space. Each unit currently features a bedroom with small sitting area and full bath. The upstairs unit features a full kitchen, living room, and bedroom with full bath. Very private in that all three rooms have a wall of windows looking across a heavily treed natural space with the April Sound tennis pavilion immediately beyond. Walking distance to the clubhouse for formal and/or casual dining and/or socializing, as well as the primary pool area. Whether as your personal living space or income producing potential as long-term rental(s) or short-term VRBO/AirBnB investment property, this is a one-of-a-kind property.
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About April Sound
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Bruce Sellers, Keller Williams Advtge Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 7521041
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Last Updated: 4 months ago
Data Source: HAR , MLS# 7521041
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