$549,000 Last Listed Price
●
House -
Off Market
2103 Arendale Lane
Spring, TX 77386
4 Beds
2 Baths
2,630 Ft²
$612,174
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Location, Location, Location! This unique piece of property is
minutes from I-45, 99, and the Hardy Toll road, grocery stores &
restaurants yet is situated in a very quaint subdivision with light
restrictions & no mud tax. This 2600+ sq ft home sits on 1.14 acres
on a corner lot with a pool and a HUGE 42x50 workshop. The workshop
is complete with 5 roll up doors, one is tall enough for an RV, it
has 2 new AC units, blown in insulation, industrial fans, and a
brand new 10,000 lbs challenger lift that will stay. As if this
isn't enough, the pool features mood lighting & fountain, spa/hot
tub, oversized tiki hut & lush landscaping to complete this outdoor
paradise. The interior has 4 bedrooms (2 up & 2 down) 2 full
bathrooms, a study, gorgeous kitchen with large island that is open
to the breakfast room/ sitting room with shiplap walls, a barn door
& farmhouse lighting. This is a must see to appreciate!
Unit Size
2,630 Ft²
Days on Market
-
Land Size
1.14 acres
Price per sqft
$209
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1976
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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 #48205755)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 23, 2021 | Sold | ||
| Sold | |||
| Oct 1, 2021 | Listed by Area Pro Group South Lake | $549,000 | |
| Listed by Area Pro Group South Lake | |||
| | |||
|
Location, Location, Location! This unique piece of property is minutes from I-45, 99, and the Hardy Toll road, grocery stores & restaurants yet is situated in a very quaint subdivision with light restrictions & no mud tax. This 2600+ sq ft home sits on 1.14 acres on a corner lot with a pool and a HUGE 42x50 workshop. The workshop is complete with 5 roll up doors, one is tall enough for an RV, it has 2 new AC units, blown in insulation, industrial fans, and a brand new 10,000 lbs challenger lift that will stay. As if this isn't enough, the pool features mood lighting & fountain, spa/hot tub, oversized tiki hut & lush landscaping to complete this outdoor paradise. The interior has 4 bedrooms (2 up & 2 down) 2 full bathrooms, a study, gorgeous kitchen with large island that is open to the breakfast room/ sitting room with shiplap walls, a barn door & farmhouse lighting. This is a must see to appreciate!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Montgomery
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Listed by: Melissa Carnine, Area Pro Group South Lake
Last Updated: 4 months ago
Data Source: HAR , MLS# 48205755
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Last Updated: 4 months ago
Data Source: HAR , MLS# 48205755
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