$1,220,000
●
House -
Off Market
17122 Norway Circle
Arp, TX 75750
4 Beds
2 Baths,
1
Half Bath
3,601 Ft²
$6,376
Est. Monthly
$42
HOA / Fees
2.19%
Cap Rate
About This Property
Lake Tyler Oasis in gated East Lake Woods Subdivision with
spectacular views of Lake Tyler from all 3 living rooms, sunroom,
master suite and screened back. This one story home offers 4
bedrooms, 3 living areas, 2 dining areas, sun room and a screened
Lanais! Kitchen Aid appliances include gas cooktop, built-in frig,
wine frig, double ovens, center island and bar seating. Home sits
on large 1 acre cul-de-sac lot with circle drive and side entry 3
car garage. Enjoy beautiful sunsets from your indoor sun porch or
screened Lanais. Easy walk to the large 2 stall boathouse with deep
water , a large covered entertaining space, enclosed closet, sink
and even a sun deck all on one level. Sprinkler system uses lake
pump to watergrass and flower beds. Also, enjoy fast speed
internet. ** Most Furniture can stay for additional cost. Call
listing agent for details.
Unit Size
3,601 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$358
Property Type
House
Property Taxes
-
HOA Dues
$42
Year Built
1998
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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: 2 years ago (NTREIS #20679812)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 27, 2025 | Sold | ||
| Sold | |||
| May 29, 2025 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by RE/MAX Tyler | $1,290,000 | |
| Listed by RE/MAX Tyler | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| May 9, 2018 | Listed | $764,900 | |
| Listed | |||
| | |||
|
Oasis on the Lake in Gated East Lake Woods!!! Come enjoy this TOTALLY UPDATED Lake Home Estate with spectacular views of Lake Tyler from all 3 living rooms, kitchen and master bedroom. This one story homes offers room for the entire family and all your friends with 4 bedrooms (one being used as an office), formal dining, kitchen nook, 3 living areas, sunroom, and totally remodeled master bath suite. Kitchen has all new KitchenaAid Appliances: gas stove, built-in frig, wine frig, and dble ovens! Circle drive with plenty of parking and lovely landscaped yard all located on a quiet cul-de-sac lot with over 1 acre of land on the WATER! Enjoy beautiful sunsets on your private screened in porch. The large 2 stall boathouse with deep water has a covered area with sink and storage closet as well as a large open deck for sunning. Boathouse roof new in 2015, sprinkler system uses lake pump to water grounds, security system. SUDDENLINK FAST INTERNET AND CABLE TV scheduled for this fall!!! The manager has listed the unit size as 3601 square feet.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About East Lake Woods
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Listed by: Debra Brattlof, RE/MAX Tyler
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20679812
Details provided by NTREIS and may not match the public record
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20679812
Details provided by NTREIS and may not match the public record
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