$475,000 Last Listed Price
●
House -
Off Market
15927 Magnolia Park
Conroe, TX 77306
2 Beds
1 Bath,
1
Half Bath
1,400 Ft²
$2,711
Est. Monthly
About This Property
Charming vintage style farmhouse nestled on a generous 7.1+/- acre
tract! Built in 1964, this 2 bedroom 1.5 bath home underwent a top
to bottom remodel in 2018 creating a blend of original integrity
and contemporary style. With the original hardwood floors restored,
woodburning fireplace plus striking wood ceiling in the living
room, and a sprawling open concept floor plan, this home is the
perfect combination of timeless charm and modern convenience. The
kitchen is a chef's dream with stainless steel appliances, granite
countertops, farmhouse sink and a custom-built island! Large
utility room w/half bath, ample storage and water softener hookups.
For the equestrian enthusiast, the property also offers a spacious
barn with dedicated electric and 4 stalls ready to accommodate your
horses or FFA projects! The 12X16 unfinished guest house would be
perfect mother-in-law quarters or could even be income producing
with a few finishing touches. Easy access to I-45 & I-59!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
7.40 acres
Price per sqft
$339
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1964
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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 #63386319)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | In contract | - | |
| In contract | |||
| Apr 15, 2024 | Listed by Wendy Cline Properties Group | $475,000 | |
| Listed by Wendy Cline Properties Group | |||
| | |||
|
Charming vintage style farmhouse nestled on a generous 7.1+/- acre tract! Built in 1964, this 2 bedroom 1.5 bath home underwent a top to bottom remodel in 2018 creating a blend of original integrity and contemporary style. With the original hardwood floors restored, woodburning fireplace plus striking wood ceiling in the living room, and a sprawling open concept floor plan, this home is the perfect combination of timeless charm and modern convenience. The kitchen is a chef's dream with stainless steel appliances, granite countertops, farmhouse sink and a custom-built island! Large utility room w/half bath, ample storage and water softener hookups. For the equestrian enthusiast, the property also offers a spacious barn with dedicated electric and 4 stalls ready to accommodate your horses or FFA projects! The 12X16 unfinished guest house would be perfect mother-in-law quarters or could even be income producing with a few finishing touches. Easy access to I-45 & I-59!
| |||
| Jun 23, 2023 | Listed by Walzel Properties | $490,000 | |
| Listed by Walzel Properties | |||
| | |||
|
Come see the "Cutest Little Farm House" in the Country with 7.1+/- acres. Bring all the farm animals...Conveniently located between I-45 & I-59. 30 minutes to The Woodlands. Property has been mostly cleared... Home was completely redone in 2018. Restored original hardwood floors, Rustic metal roof, new windows, new pex pipe plumbing, new insulation, new central air & heat with propane heater. All new appliances with Farm Sink in kitchen. Granite countertops in kitchen & Marble countertop in Bathroom... Has 4 stall horse barn with a guest house 12x16, not quite finished, plumbing & electrical installed. has outdoor shower on back side of guest house... Property is partially fenced... Enjoy sitting on the front porch, so peaceful and quiet... Listen to the birds sing... Back patio with sitting area and a place to grill...
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tanglewilde Farms
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Listed by: Wendy Cline, Wendy Cline Properties Group
Last Updated: 5 months ago
Data Source: HAR , MLS# 63386319
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Last Updated: 5 months ago
Data Source: HAR , MLS# 63386319
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