$849,000 Last Listed Price
●
House -
Off Market
14541 Dry Creek Drive
Cypress, TX 77429
3 Beds
2 Baths,
1
Half Bath
3,419 Ft²
$849,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model
About This Property
Welcome to this extraordinary airplane hangar/workshop & home
nestled within the prestigious Dry Creek Airport (TS07) community
in Cypress, TX! The property is located on a privately-owned,
restricted use airport with pilot controlled lighting and PAPI's.
This magnificent 3-story residence offers the perfect blend of
functionality and comfort featuring 3/4 beds, 3.5 baths, and
includes an impressive 1649 SqFt airplane hangar/workshop, to cater
to your aviation needs or other hobbies. Recent upgrades and
improvements include new water heaters, an AC condenser unit, a new
roof, and an underground dog fence. Two large refrigerators will
also convey, enhancing the functionality of this magnificent home.
Lastly, this exceptional property, not only offers the joy of
aviation and modern living, but also the convenience of urban
benefits. Within a 10-minute radius, you'll find shopping centers,
movie theaters, and enticing restaurants, perfect for retail
therapy or savoring delicious cuisines.
Unit Size
3,419 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$248
Property Type
House
Property Taxes
$736
HOA Dues
$100
Year Built
2004
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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 #8429113)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2023 | Sold | ||
| Sold | |||
| Jun 23, 2023 | Listed by Land Home and Ranch Realty | $849,000 | |
| Listed by Land Home and Ranch Realty | |||
| | |||
|
Welcome to this extraordinary airplane hangar/workshop & home nestled within the prestigious Dry Creek Airport (TS07) community in Cypress, TX! The property is located on a privately-owned, restricted use airport with pilot controlled lighting and PAPI’s. This magnificent 3-story residence offers the perfect blend of functionality and comfort featuring 3/4 beds, 3.5 baths, and includes an impressive 1649 SqFt airplane hangar/workshop, to cater to your aviation needs or other hobbies. Recent upgrades and improvements include new water heaters, an AC condenser unit, a new roof, and an underground dog fence. Two large refrigerators will also convey, enhancing the functionality of this magnificent home. Lastly, this exceptional property, not only offers the joy of aviation and modern living, but also the convenience of urban benefits. Within a 10-minute radius, you'll find shopping centers, movie theaters, and enticing restaurants, perfect for retail therapy or savoring delicious cuisines.
| |||
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 Cypress
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Listed by: Jennifer Tucker, Land Home and Ranch Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 8429113
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Last Updated: 5 months ago
Data Source: HAR , MLS# 8429113
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