15835 Formaston Forest Drive
About This Property
Forget the world outside and come home to Balmoral, a 750-acre Land Tejas new home community surrounded by beauty, peace and room to breathe in the West Lake Houston area of northeast Beltway 8 in Humble, TX. Balmoral offers residents connected living with luxurious homes and many amenities to choose from, including the Houston area's Crystal Clear Lagoon surrounded by glistening white sand beaches. Balmoral's prime location allows residents to easily access major employers such as downtown Houston, the major industrial and petrochemical employers in east Houston, the Texas Medical Center and the dynamic Generation Park, a 4,000-acre mixed-use mega development.
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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%.
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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 |
|---|---|---|---|
| Dec 18, 2023 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by Better Homes and Gardens Real Estate Gary Greene - | $435,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - | |||
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Discover the epitome of elegance in this 2550 square feet home nestled in the sought-after Balmoral subdivision. Step inside to be greeted by beautiful neutral tile flooring that graces the main living area, creating a seamless flow of sophistication. The kitchen boasts a stunning tiled backsplash, complementing the high ceilings that add a touch of grandeur. Oversized interior doors frame each room, adding an extra layer of opulence to this already impressive space. Gourmet enthusiasts will delight in the pristine quartz countertops, marrying style with functionality. The primary bedroom is a sanctuary of comfort, featuring two walk-in closets with a convenient entry into the laundry room. The primary bathroom exudes luxury, boasting a style-soaking tub and a generously sized walk-in shower. The neighborhood offers a crystal clear lagoon and picturesque white sand beaches. This property is a testament to refined living, offering a blend of sophistication, comfort, and functionality.
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| Apr 28, 2023 | Sold | ||
| Sold | |||
| Nov 29, 2022 | Listed by Nan & Company PropertiesChristie's International R | $420,000 | |
| Listed by Nan & Company PropertiesChristie's International R | |||
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Welcome to this fabulous Westin Home in the heart of Balmoral! A modern one story with 4 spacious bedrooms, 3 full bathrooms, a Family Room, an Informal Dining and Study. Enjoy the marvelous island and upgraded modern kitchen open to the living area. The Primary suite comes with large double walk in closets. A Covered patio and an attached 2 car garage. Come home to Balmoral and schedule a private tour today!
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| May 27, 2021 | Sold | ||
| Sold | |||
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About Houston
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Last Updated: 4 months ago
Data Source: HAR , MLS# 8487720
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