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1507 Baldridge Lane
About This Property
The primary suite on the 1st floor offers a peaceful retreat, while the spacious kitchen and cozy fireplace make entertaining easy. A wall of windows floods the home with natural light and outdoor views. Upstairs, enjoy a large game room and four spacious secondary bedrooms, perfect for family or guests.
On a cul-de-sac with no back neighbors, the yard offers privacy and room for a pool. Grayson Lakes amenities include clubhouses, pools, sport courts, parks, and trails. Conveniently near I-10, this home is zoned to top-rated Katy ISD's Tompkins High, Woodcreek Junior High and Elementary Schools.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Mar 8, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Price Decreased |
$630,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Jan 31, 2025 | Price Increased |
$650,000
↑ $5K
(0.8%) | |
| Price Increased | |||
| Jan 2, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Katy | $645,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Katy | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017