$500,000 Last Listed Price
●
House -
Off Market
197 Eight Oaks Drive
Bastrop, TX 78602
3 Beds
2 Baths
2,077 Ft²
$498,140
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
What doesn't speak to you about a limestone house on 1 and a half
acres, a covered patio with a corner fireplace, deer, turkey, and
various other wildlife passing through as you pinch yourself to be
sure you aren't dreaming? This custom built home has several
adjustments to accommodate the original owners: larger walkthrough
closet, pullout shelving in kitchen & living room, built in
entertainment center in living room, wired for surround sound
inside and out, separate shower and jacuzzi tub with steps &
handrail for safety. There's extra storage accessed only through
the owner's closet. Shhh. That's where Santa hid the presents! What
appears to be a guest house is actually an 1125 sq ft detached
garage with 3 bays: 2 car, 1 Class A RV. This garage is also
plumbed for a shower, sink and toilet. And has 30 and 50 amp
outlets for the RV. The owner ran out of motivation to finish the
RV garage after a life changing event. How will you finish what he
started? Call today for your tour.
Unit Size
2,077 Ft²
Days on Market
-
Land Size
1.47 acres
Price per sqft
$241
Property Type
House
Property Taxes
$747
HOA Dues
$129
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 #85229559)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2023 | Sold | ||
| Sold | |||
| Aug 9, 2023 | Listed by Keller Williams Realty - Memor | $500,000 | |
| Listed by Keller Williams Realty - Memor | |||
| | |||
|
What doesn't speak to you about a limestone house on 1 and a half acres, a covered patio with a corner fireplace, deer, turkey, and various other wildlife passing through as you pinch yourself to be sure you aren't dreaming? This custom built home has several adjustments to accommodate the original owners: larger walkthrough closet, pullout shelving in kitchen & living room, built in entertainment center in living room, wired for surround sound inside and out, separate shower and jacuzzi tub with steps & handrail for safety. There's extra storage accessed only through the owner's closet. Shhh. That's where Santa hid the presents! What appears to be a guest house is actually an 1125 sq ft detached garage with 3 bays: 2 car, 1 Class A RV. This garage is also plumbed for a shower, sink and toilet. And has 30 and 50 amp outlets for the RV. The owner ran out of motivation to finish the RV garage after a life changing event. How will you finish what he started? Call today for your tour.
| |||
Property Highlights
Garage
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About The Colony
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Listed by: Cynthia Hill, Keller Williams Realty - Memor
Last Updated: 4 months ago
Data Source: HAR , MLS# 85229559
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85229559
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