$145,000 Last Listed Price
●
Land -
Off Market
15552 Republic Park Trail
Willis, TX 77378
Studio
0 Bath
$146,987
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
This 2 acre lot is ideally located on a Cul-de-sac road in this
newly developed community. Take advantage of this incredible
opportunity to claim your own piece of Texas! Tucked away in
a secluded, wooded setting is the newly established community of
Republic Grand Ranch. Environmentally conscious design
ensures this will be a low density, low impact community providing
residents with private parks, an 8 acre private stocked fishing
pond, and tree-lined walking and hiking trails. The best of
modern and country living. No MUD taxes. The road to
this lot is expected to be completed by the end of October.
This lot is in Section 1 and will be ready for occupants
before other areas of the neighborhood. The 2 acre lot next
to this one (lot 26) is also available and can be bought together.
This lot backs up to a greenbelt so you will have no
immediate back neighbors.
Unit Size
-
Days on Market
-
Land Size
2.01 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$41
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 #76521097)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 1, 2022 | Sold | ||
| Sold | |||
| Sep 29, 2021 | Listed by RE/MAX Integrity | $145,000 | |
| Listed by RE/MAX Integrity | |||
| | |||
|
This 2 acre lot is ideally located on a Cul-de-sac road in this newly developed community. Take advantage of this incredible opportunity to claim your own piece of Texas! Tucked away in a secluded, wooded setting is the newly established community of Republic Grand Ranch. Environmentally conscious design ensures this will be a low density, low impact community providing residents with private parks, an 8 acre private stocked fishing pond, and tree-lined walking and hiking trails. The best of modern and country living. No MUD taxes. The road to this lot is expected to be completed by the end of October. This lot is in Section 1 and will be ready for occupants before other areas of the neighborhood. The 2 acre lot next to this one (lot 26) is also available and can be bought together. This lot backs up to a greenbelt so you will have no immediate back neighbors.
| |||
Property Highlights
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Listed by: Melissa Spencer, RE/MAX Integrity
Last Updated: 4 months ago
Data Source: HAR , MLS# 76521097
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Last Updated: 4 months ago
Data Source: HAR , MLS# 76521097
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