$92,500 Last Listed Price
●
Land -
Off Market
1591 Emerald Lakes Drive
Willis, TX 77378
Studio
0 Bath
$117,664
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
1.45 Acres located at the lake with great views. Lots of nice
trees. Gated subdivision, paved roads, street lights,
community center w pool, tennis courts + activity center.
Also, fishing pier and boat ramp in park with picnic tables
on 40 acre lake. Willis's no 1 custom home subdivision.
Easy access off and on I-45.
Unit Size
-
Days on Market
-
Land Size
1.45 acres
Price per sqft
-
Property Type
Land
Property Taxes
$107
HOA Dues
$66
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 #86195530)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2024 | Sold | ||
| Sold | |||
| Jun 19, 2023 | Listed by Front Real Estate Co - Houston | $149,900 | |
| Listed by Front Real Estate Co - Houston | |||
| | |||
|
Just Reduced! Beauiful Lot= Attched the plans with RV barn seller/architect designed for this lot. No Mud Taxes. Build your dream home in the Prestigious Community of Emerald Lakes! Emerald Lakes is a gated community with amenities that include a 30 acre lake, clubhouse, pool, tennis courts and more The 1.45 acre tract backs up to a creek with no neighbors to the rear. Emerald Lakes is close to The Woodlands, Lake Conroe and convenient access to I45. Willis ISD Schools. Seller has archectural- full set of plans designed specifically for this 1.45 acre lot that may be sold separately at a discounted price if interested.
| |||
| Dec 5, 2022 | Sold | ||
| Sold | |||
| Jun 23, 2022 | Listed by Synergy Real Estate | $159,900 | |
| Listed by Synergy Real Estate | |||
| | |||
|
Build your dream home in the GORGEOUS community of Emerald Lakes! This 1.45 acre tract backs up to a creek with no neighbors to the rear. Emerald Lakes is a gated community with amenities that include a 30 acre lake, clubhouse, pool, tennis courts and more. Enjoy privacy in this secluded neighborhood while still being close to The Woodlands and Lake Conroe with convenient access to I45. Zoned to Willis ISD Schools and no MUD taxes. Come walk the property today!
| |||
| Oct 19, 2021 | Sold | ||
| Sold | |||
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Listed by: Bill Gardner, Gardner Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 86195530
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Last Updated: 4 months ago
Data Source: HAR , MLS# 86195530
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