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201 Artesian DR
About This Property
Bring your dream home to life on this beautiful rectangular lot in Cedar Creek! Build new or move your home onto this ready-to-go property, offering the perfect blend of privacy and convenience with plenty of mature trees providing natural shade and a peaceful, wooded feel. An existing pond adds charm and potential for recreation or simply enjoying the views. The lot is fully fenced, offering privacy and security from day one. Septic system already in place, with water service provided by Aqua Water - saving you time and money on site prep. Easy access via paved road. Seller may consider seller financing depending on buyer and terms - inquire for details. Don't miss this opportunity to make this serene setting your own, just outside the hustle and bustle. Schedule your showing today!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Listed by Ryan Matthews | $200,000 | |
| Listed by Ryan Matthews | |||
| Feb 15, 2024 | In contract | - | |
| In contract | |||
| Nov 30, 2023 | Listed by Compass RE Texas, LLC | $200,000 | |
| Listed by Compass RE Texas, LLC | |||
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Introducing a remarkable opportunity to own over 2 acres in Artesian Oaks! This property features a small pond, mature trees including bamboo for privacy, and recent improvements to the driveway and drainage. With utilities such as water, electricity, and an existing septic system, the site is primed for development. Mobile homes are allowed, thanks to light deed restrictions and no HOA. Located less than 30 minutes from Austin Bergstrom International Airport, this property presents a unique opportunity with an accessible location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017