$184,900 Last Listed Price
●
Land -
Off Market
1553 Emerald Lakes Drive
Willis, TX 77378
Studio
0 Bath
$208,096
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
Waterfront lot in the gated community of Emerald Lakes. Enjoy
the privacy and serenity of this country lifestyle yet you're less
than a half mile from I-45 which puts you 20 minutes north to
Huntsville and 20 minutes south to all the shopping, dining and
world-class medical facility amenities of The Woodlands with, of
course, fast-growing Conroe and all its amenities in between.
Exceptional building lot in the sense that it's flat and
without trees where the footprint of your home is likely to be.
With the privacy provided by dense foliage along creek beds
on either side, you're essentially a peninsula with Emerald Lake
across the entire back of the property. We invite you to
visit during the daytime and walk the property to fully appreciate
just how special this property actually is. Whether you build
today or hold for the future, this is nearly two acres of
waterfront property and there's simply not much of that remaining
available. Willis Independent School District.
Unit Size
-
Days on Market
-
Land Size
1.79 acres
Price per sqft
-
Property Type
Land
Property Taxes
$305
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: 4 months ago (HAR #81972049)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Jan 23, 2024 | In contract | - | |
| In contract | |||
| Jul 4, 2023 | Listed by Green & Associates Real Estate | $174,900 | |
| Listed by Green & Associates Real Estate | |||
| | |||
|
LAKE LIFE LIVING IS WAITING!! 1.79 GORGEOUS WATERFRONT ACRES OASIS LOCATED ON THE GORGEOUS EMERALD LAKE! EMERALD LAKES SUBDIVISION IS A GATED COMMUNTIY JUST NORTH OF WILLIS AND OFFERS A CLUBHOUSE, AREA SWIMMING POOL, THE MAJESTIC SPRING FED EMERALD LAKE, COMMUNITY WATER, LOW TAX RATE, AND NO MUD TAXES! THE LOT OFFERS STUNNING VIEWS ACROSS THE EAST SIDE OF EMERALD LAKE, TREE LINED PERIMETER FOR PRIVACY, AND A GENTLE SLOPE FROM FRONT TO BACK FOR GREAT DRAINAGE. LOCATED JUST A COUPLE MINUTES FROM I-45 TO HELP MAKE COMMUTING A BREEZE. CHECK OUT THIS STUNNING PROPERTY TODAY!
| |||
| Oct 15, 2021 | Sold | ||
| Sold | |||
| Jul 20, 2019 | Listed by Keller Williams Advtge Realty | $184,900 | |
| Listed by Keller Williams Advtge Realty | |||
| | |||
|
Waterfront lot in the gated community of Emerald Lakes. Enjoy the privacy and serenity of this country lifestyle yet you're less than a half mile from I-45 which puts you 20 minutes north to Huntsville and 20 minutes south to all the shopping, dining and world-class medical facility amenities of The Woodlands with, of course, fast-growing Conroe and all its amenities in between. Exceptional building lot in the sense that it's flat and without trees where the footprint of your home is likely to be. With the privacy provided by dense foliage along creek beds on either side, you're essentially a peninsula with Emerald Lake across the entire back of the property. We invite you to visit during the daytime and walk the property to fully appreciate just how special this property actually is. Whether you build today or hold for the future, this is nearly two acres of waterfront property and there's simply not much of that remaining available. Willis Independent School District.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Bruce Sellers, Keller Williams Advtge Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 81972049
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Last Updated: 4 months ago
Data Source: HAR , MLS# 81972049
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