$199,900 Last Listed Price
●
House -
Off Market
15440 Esther Drive
Conroe, TX 77384
3 Beds
2 Baths
1,774 Ft²
$1,371
Est. Monthly
About This Property
This property is being sold AS IS, WHERE IS! PRICED TO SELL!
Condition may have changes after photos. 2008 Prefab
Steel Building (30x40) with Carport (20x40)! HVAC is about 8
yrs old. Water well was drilled about 6-8 yrs ago and pump was
replaced about a year ago.
Unit Size
1,774 Ft²
Days on Market
-
Land Size
0.83 acres
Price per sqft
$113
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1984
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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 #34455369)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2025 | Sold | ||
| Sold | |||
| Aug 20, 2025 | In contract | - | |
| In contract | |||
| Jul 4, 2025 | Price Decreased |
$330,000
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Jun 26, 2025 | Listed by Walzel Properties - The Woodlands | $350,000 | |
| Listed by Walzel Properties - The Woodlands | |||
   | |||
|
Unrestricted Land in Lakewood Estates – Ideal for Residential or Commercial Use This versatile, unrestricted land in the sought-after Lakewood Estates offers endless potential for both residential and commercial applications. The property features a 2008 Prefabricated Steel Building 30x40 with a 20x40 Carport, providing ample space for a variety of uses. With two combined lots, 242 and 243, there is plenty of room to expand, develop, or customize according to your needs. Enjoy an excellent tax rate and the added benefit of being zoned to some of the area's top schools, making this property an ideal choice for families or business owners. Whether you're looking for a place to build your dream home, start a business, or both, this land offers the flexibility and potential you're looking for.
| |||
| Jun 12, 2025 | Listed | $350,000 | |
| Listed | |||
| | |||
|
Unrestricted Land in Lakewood Estates – Ideal for Residential or Commercial Use
This versatile, unrestricted land in the sought-after Lakewood Estates offers endless potential for both residential and commercial applications. The property features a 2008 Prefabricated Steel Building 30x40 with a 20x40 Carport, providing ample space for a variety of uses. With two combined lots, 242 and 243, there is plenty of room to expand, develop, or customize according to your needs.
Enjoy an excellent tax rate and the added benefit of being zoned to some of the area's top schools, making this property an ideal choice for families or business owners. Whether you're looking for a place to build your dream home, start a business, or both, this land offers the flexibility and potential you're looking for.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Montgomery
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Listed by: Colby Hearn, Keller Williams Realty The Woodlands
Last Updated: 5 months ago
Data Source: HAR , MLS# 34455369
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Last Updated: 5 months ago
Data Source: HAR , MLS# 34455369
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