$550,000 Last Listed Price
●
House -
Off Market
22202 Timber Ridge Drive
Magnolia, TX 77355
3 Beds
3 Baths,
1
Half Bath
2,583 Ft²
$3,369
Est. Monthly
$29
HOA / Fees
About This Property
Tucked away in a friendly equestrian neighborhood, this
well-maintained home is set on just over 2 acres of inviting green
space. The circular driveway welcomes you to a warm, a spacious
layout that includes and office space or game room upstairs nestled
between the bedrooms and a large 24x12 room over the garage-perfect
for a game room or extra guest space, or convert it to a garage
apartment! In the backyard, a large covered patio, an outdoor
kitchen stands ready for your grilling adventures, and evenings are
well-spent around the cozy firepit. Horse lovers will appreciate
the ready-to-use stalls, tack room, extra storage, and fenced
grazing area separate from the back yard. Equestrian trail in the
neighborhood as well. For those interested, there's also a hot tub
that's negotiable. With a balance of indoor comfort and outdoor
appeal, this property is an ideal retreat for relaxed living and
easy entertaining! Make your viewing appointment today!
Unit Size
2,583 Ft²
Days on Market
-
Land Size
2.02 acres
Price per sqft
$213
Property Type
House
Property Taxes
$638
HOA Dues
$29
Year Built
1996
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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: 5 months ago (HAR #55693573)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 9, 2024 | In contract | - | |
| In contract | |||
| Sep 26, 2024 | Price Decreased |
$550,000
↓ $30K
(5.2%) | |
| Price Decreased | |||
| Sep 1, 2024 | No longer available | - | |
| No longer available | |||
| Sep 1, 2024 | Listed by MOVE HOUSTON REAL ESTATE | $580,000 | |
| Listed by MOVE HOUSTON REAL ESTATE | |||
| | |||
|
Tucked away in a friendly equestrian neighborhood, this well-maintained home is set on just over 2 acres of inviting green space. The circular driveway welcomes you to a warm, a spacious layout that includes and office space or game room upstairs nestled between the bedrooms and a large 24x12 room over the garage—perfect for a game room or extra guest space, or convert it to a garage apartment! In the backyard, a large covered patio, an outdoor kitchen stands ready for your grilling adventures, and evenings are well-spent around the cozy firepit. Horse lovers will appreciate the ready-to-use stalls, tack room, extra storage, and fenced grazing area separate from the back yard. Equestrian trail in the neighborhood as well. For those interested, there's also a hot tub that's negotiable. With a balance of indoor comfort and outdoor appeal, this property is an ideal retreat for relaxed living and easy entertaining! Make your viewing appointment today!
| |||
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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
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Listed by: Joseph Garcia, MOVE HOUSTON REAL ESTATE
Last Updated: 5 months ago
Data Source: HAR , MLS# 55693573
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Last Updated: 5 months ago
Data Source: HAR , MLS# 55693573
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