$139,000 Last Listed Price
●
Land -
Off Market
1541 Emerald Lakes Drive
Willis, TX 77378
Studio
0 Bath
$185,870
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Partially wooded lot on the beautiful 30-acre Emerald Lake located
in the quaint, gated, community of Emerald Lakes. Bring your custom
home builder or buy and hold! Low tax rate & no MUD! With HOA
approval a Pier can be constructed per the deed restrictions.
Fiberoptic High-Speed Internet just approved to the community & the
fee has been paid by the Seller. This wonderful community offers
its property owners many amenities such as tennis courts, pool,
fishing pier, weight room, parks, community recreation center,
fenced boat & RV storage, and boat launch. Emerald Lakes is just
minutes to shopping, dining & entertainment in Willis & Conroe or
travel a short distance North to Huntsville State Park to spend the
day hiking, biking or horseback riding. Fall in love with this
picturesque community with rolling hills and mature hardwoods
surrounded by nature.
Unit Size
-
Days on Market
-
Land Size
1.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
$165
HOA Dues
$95
Year Built
-
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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 #83199024)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2020 | Sold | ||
| Sold | |||
| Apr 8, 2020 | Listed by eXp Realty, LLC | $139,000 | |
| Listed by eXp Realty, LLC | |||
| | |||
|
Partially wooded lot on the beautiful 30-acre Emerald Lake located in the quaint, gated, community of Emerald Lakes. Bring your custom home builder or buy and hold! Low tax rate & no MUD! With HOA approval a Pier can be constructed per the deed restrictions. Fiberoptic High-Speed Internet just approved to the community & the fee has been paid by the Seller. This wonderful community offers its property owners many amenities such as tennis courts, pool, fishing pier, weight room, parks, community recreation center, fenced boat & RV storage, and boat launch. Emerald Lakes is just minutes to shopping, dining & entertainment in Willis & Conroe or travel a short distance North to Huntsville State Park to spend the day hiking, biking or horseback riding. Fall in love with this picturesque community with rolling hills and mature hardwoods surrounded by nature.
| |||
Property Highlights
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
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Closing Price
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Sold On
HOA + Taxes
About Montgomery
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Currently no similar homes aroundNearby Rentals
Listed by: Holly Mathieson, eXp Realty, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 83199024
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Last Updated: 5 months ago
Data Source: HAR , MLS# 83199024
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