$732,000 Last Listed Price
●
House -
Off Market
2016 Old River Road
Montgomery, TX 77356
4 Beds
3 Baths,
1
Half Bath
3,567 Ft²
$4,960
Est. Monthly
$37
HOA / Fees
About This Property
Located within the sought-after South Shore Estates neighborhood,
this opulent residence sits on an expansive acre lot. The marriage
of freshly painted brick, modern energy-efficient vinyl windows,
and a new entry door bestow unique charm upon the home. Upon
stepping into the grand two-story foyer, one is greeted by an airy
open-concept design flowing seamlessly into the gourmet kitchen and
living area. The kitchen is equipped with top-of-the-line Thermador
appliances, recently painted cabinetry, and a double-sided
fireplace shared with the living room, creating a warm ambiance for
gatherings. The primary suite boasts gleaming wood floors, abundant
natural light, dual sinks in the bathroom, a separate glass shower,
and a luxurious soaking tub. Stepping into the backyard reveals a
tranquil retreat featuring a spacious pool, spa, and expansive
decking, perfect for entertaining. Property offers lake access and
is just minutes away from the renowned Margaritaville Resort.
Remodel in 2010!
Unit Size
3,567 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$205
Property Type
House
Property Taxes
$1,328
HOA Dues
$37
Year Built
1997
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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: 6 months ago (HAR #2889772)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2024 | Sold | ||
| Sold | |||
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Listed by Keller Williams Realty The Woodlands | $732,000 | |
| Listed by Keller Williams Realty The Woodlands | |||
| | |||
|
Located within the sought-after South Shore Estates neighborhood, this opulent residence sits on an expansive acre lot. The marriage of freshly painted brick, modern energy-efficient vinyl windows, and a new entry door bestow unique charm upon the home. Upon stepping into the grand two-story foyer, one is greeted by an airy open-concept design flowing seamlessly into the gourmet kitchen and living area. The kitchen is equipped with top-of-the-line Thermador appliances, recently painted cabinetry, and a double-sided fireplace shared with the living room, creating a warm ambiance for gatherings. The primary suite boasts gleaming wood floors, abundant natural light, dual sinks in the bathroom, a separate glass shower, and a luxurious soaking tub. Stepping into the backyard reveals a tranquil retreat featuring a spacious pool, spa, and expansive decking, perfect for entertaining. Property offers lake access and is just minutes away from the renowned Margaritaville Resort. Remodel in 2010!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 South Shore Estates
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Listed by: Melissa Perez-Mueller, Keller Williams Realty The Woodlands
Last Updated: 6 months ago
Data Source: HAR , MLS# 2889772
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Last Updated: 6 months ago
Data Source: HAR , MLS# 2889772
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