$679,000 Last Listed Price
●
House -
Off Market
21602 Timber Ridge Drive
Magnolia, TX 77355
4 Beds
4 Baths,
1
Half Bath
3,742 Ft²
$702,027
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
This Indigo Lakes beauty has all the potential! The most prominent
features include a 2acre lot that backs to the trails, an ideal
layout with the primary bedroom downstairs, a full mother-in-law or
guest suite upstairs, heated resort-style pool, gourmet island
kitchen & tons of natural light! All the guest bedrooms upstairs
are spacious w/large walk-in closets and natural wood floors
throughout (no carpet). The primary suite has tall ceilings, spa
tub w/separate walk-in shower, a large walk-closet coupled w/a
light & bright study or extra closet area off the bathroom, which
has it's own private porch overlooking the pool. The open-concept
kitchen connects to a butler's pantry & large utility room w/a sink
& enough space for another refrigerator. You don't want to miss
this opportunity in Magnolia!
Unit Size
3,742 Ft²
Days on Market
-
Land Size
2.01 acres
Price per sqft
$181
Property Type
House
Property Taxes
$708
HOA Dues
$83
Year Built
2000
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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 #34952953)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2022 | Sold | ||
| Sold | |||
| Jul 22, 2022 | Listed by HTX Living, LLC | $679,000 | |
| Listed by HTX Living, LLC | |||
| | |||
|
This Indigo Lakes beauty has all the potential! The most prominent features include a 2acre lot that backs to the trails, an ideal layout with the primary bedroom downstairs, a full mother-in-law or guest suite upstairs, heated resort-style pool, gourmet island kitchen & tons of natural light! All the guest bedrooms upstairs are spacious w/large walk-in closets and natural wood floors throughout (no carpet). The primary suite has tall ceilings, spa tub w/separate walk-in shower, a large walk-closet coupled w/a light & bright study or extra closet area off the bathroom, which has it's own private porch overlooking the pool. The open-concept kitchen connects to a butler's pantry & large utility room w/a sink & enough space for another refrigerator. You don't want to miss this opportunity in Magnolia!
| |||
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 Indigo Lake Estates
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jessica McCreary, HTX Living, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 34952953
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Last Updated: 4 months ago
Data Source: HAR , MLS# 34952953
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