$315,000 Last Listed Price
●
House -
Off Market
22303 Merabrook Drive
Katy, TX 77450
3 Beds
2 Baths
2,225 Ft²
$421,216
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
Beautiful and well maintained one story home in the highly sought
after master-planned community of Cinco Ranch with a private pool!
Excellent location in the heart of Cinco Ranch, close to
Grand Parkway, Westpark Tollway, and less than 3 miles to fine
dining, shopping, and grocery stores! Zoned to highly rated Katy
ISD schools. This home has an open floor plan, large kitchen
with stainless steel appliances, a formal dining room, 3 bedrooms,
and an additional large flex room attached to the primary bedroom
that would make a perfect office, gameroom, or gym! The
sparkling pool and hot tub are the perfect getaway from the Texas
summer with plenty of space to lounge, cook, and play. Do not
miss your chance to get into this wonderful community at a great
price! DID NOT FLOOD!
Unit Size
2,225 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$142
Property Type
House
Property Taxes
$568
HOA Dues
$91
Year Built
1999
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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 #12131236)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Sep 17, 2020 | Listed by BHGRE Gary Greene | $315,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Beautiful and well maintained one story home in the highly sought after master-planned community of Cinco Ranch with a private pool! Excellent location in the heart of Cinco Ranch, close to Grand Parkway, Westpark Tollway, and less than 3 miles to fine dining, shopping, and grocery stores! Zoned to highly rated Katy ISD schools. This home has an open floor plan, large kitchen with stainless steel appliances, a formal dining room, 3 bedrooms, and an additional large flex room attached to the primary bedroom that would make a perfect office, gameroom, or gym! The sparkling pool and hot tub are the perfect getaway from the Texas summer with plenty of space to lounge, cook, and play. Do not miss your chance to get into this wonderful community at a great price! DID NOT FLOOD!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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HOA + Taxes
About Cinco Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sonia Allison, BHGRE Gary Greene
Last Updated: 4 months ago
Data Source: HAR , MLS# 12131236
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Last Updated: 4 months ago
Data Source: HAR , MLS# 12131236
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