$575,000 Last Listed Price
●
House -
Off Market
22303 Desert Willow Drive
Magnolia, TX 77355
4 Beds
3 Baths
2,435 Ft²
$2,915
Est. Monthly
$19
HOA / Fees
About This Property
Spectacular *NEW* construction on generously sized 1/2 acre wooded
lot in highly desirable rural community! Great attention to detail
was paid here ~ open main areas boast high ceilings & 'wood-look' tile flooring for easy maintenance. Island kitchen features white
shaker style site-built cabinetry with soft close drawers and
doors, complimenting vent-hood, custom quartz counters, tile
backsplash, & black stainless steel appliances, which includes the
refrigerator. The primary suite is amazing, offering a large
bedroom, an executive bathroom that features his & her vanities, an
over-sized shower, an upgraded soaking tub, & two walk-in closets
with built-ins. All secondary bedrooms are big, offer ceiling fans,
large closets, & a Jack-N-Jill bath between two of the secondary
bedrooms. The utility room is a must see - loads of storage! Just
outside of the laundry room is a MUD drop zone. Tilt-out windows.
*21x20* covered back porch and *10x7* covered front porch.
Sprinkler system.
Unit Size
2,435 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$236
Property Type
House
Property Taxes
$72
HOA Dues
$19
Year Built
-
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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 #52924331)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 5, 2024 | In contract | - | |
| In contract | |||
| Jun 17, 2024 | Listed by eXp Realty LLC | $575,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
Spectacular *NEW* construction on generously sized 1/2 acre wooded lot in highly desirable rural community! Great attention to detail was paid here ~ open main areas boast high ceilings & 'wood-look' tile flooring for easy maintenance. Island kitchen features white shaker style site-built cabinetry with soft close drawers and doors, complimenting vent-hood, custom quartz counters, tile backsplash, & black stainless steel appliances, which includes the refrigerator. The primary suite is amazing, offering a large bedroom, an executive bathroom that features his & her vanities, an over-sized shower, an upgraded soaking tub, & two walk-in closets with built-ins. All secondary bedrooms are big, offer ceiling fans, large closets, & a Jack-N-Jill bath between two of the secondary bedrooms. The utility room is a must see - loads of storage! Just outside of the laundry room is a MUD drop zone. Tilt-out windows. *21x20* covered back porch and *10x7* covered front porch. Sprinkler system.
| |||
| Jul 7, 2023 | Sold | ||
| Sold | |||
| May 15, 2023 | Listed by BHGRE Gary Greene | $102,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Located in Magnolia, Texas, Clear Creek Forest is the perfect place to build your dream home. The area boasts exemplary schools and peaceful living, making this an ideal location for families or those seeking a tranquil lifestyle. Every property has been spaced with privacy in mind, and no two homes look alike. This 1/2 acre lot is already wooded and ready to be transformed into your next home - welcome to Clear Creek Forest!
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Clear Creek Forest
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Listed by: LaRae Whorley, eXp Realty LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 52924331
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Last Updated: 5 months ago
Data Source: HAR , MLS# 52924331
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