19977 Gemstone Drive
About This Property
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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.
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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 |
|---|---|---|---|
| Feb 15, 2024 | Sold | ||
| Sold | |||
| Jan 10, 2024 | In contract | - | |
| In contract | |||
| Aug 21, 2023 | Listed by Lake Homes Realty, LLC | $775,000 | |
| Listed by Lake Homes Realty, LLC | |||
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ONE OF A KIND OPPORTUNITY! This home has it all! Almost an ACRE and a HALF, with a WATER VIEW of Lake Conroe, plus a POOL, plus 3 car garage, PLUS a separate air conditioned garage/workshop/garage apartment with 2 full baths and an office! You'll love this extra work space and living space. It's tastefully done in rich wood tones and has a separate drive and gated entrance with a covered patio and lots of tree coverage. This home has GREAT PRIVACY and is PEACEFUL and QUIET! Gemstone is a smaller gated community right on Lake Conroe. Lots of elbow room on this lot with LOTS of space on all sides. More covered patio in back of the main house with great tree coverage over your beautiful pool and cabana. Inside, the home is well built and meticulously maintained with everything on 1 story with the addition of a bonus room upstairs. There are 3 beds & 3 baths on this main living level PLUS an office with loads of built-ins. NEW AC, pool heater, and more! This is truly a unique property!
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| May 19, 2021 | Sold | ||
| Sold | |||
| Apr 14, 2021 | Listed by Weslin Properties, LLC | $825,000 | |
| Listed by Weslin Properties, LLC | |||
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Magnificent water view custom home on 1.5 acres privately tucked away in the charming Gemstone community. This 3 bedroom, 3 BR home is loaded with extras! Custom touches include plantation shutters throughout, a vent less fireplace in the family room, new double oven in the kitchen, & custom site-built cabinetry through out the home. There is an office with built-ins galore and a second floor crafting/game room. Dining room, formal living room and foyer have 12 foot ceilings with crown molding, 10' ceilings throughout the rest of the home. Large primary suite with 2 walk-in closets. The home site also features a separate 3200 sq foot shop with garage and office/living quarters upstairs with 2 full baths. The back yard has lush mature landscaping with a pool and spa combination and a huge cabana. The property has wrought iron surrounding it, on demand hot water heaters provided by your own well, new 2 year roof on all structures, & new pumps on the pool/spa. This home is a MUST SEE!
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About Gemstone Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017