$285,000 Last Listed Price
●
House -
Off Market
235 E Rainbow Ridge Circle
The Woodlands, TX 77381
4 Beds
2 Baths,
1
Half Bath
2,328 Ft²
$374,444
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
No back yard neighbors here! This wonderful 4 bedroom home is
centrally located in The Woodlands. Kitchen has been updated with
granite countertops and stainless steel appliances. This home has a
bonus with two living areas on the first floor and a study area on
the second floor. Home backs up to a greenbelt and Shadowbend Park
is beyond the greenbelt. Roof was replaced in 2018, water heater in
2019 and the carpet was replaced in 2020. Garage door was also
replaced in 2020. This home has many extras and the location is
ideal, schedule your showing today.
Unit Size
2,328 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$122
Property Type
House
Property Taxes
$501
HOA Dues
-
Year Built
1985
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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 #26663700)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Aug 22, 2025 | Listed by Parkway Realty - Mary Smitherman, Broker | $450,000 | |
| Listed by Parkway Realty - Mary Smitherman, Broker | |||
   | |||
|
BEAUTIFULLY UPDATED 4-BEDROOM, 2.5 BATH HOME THE WOODLANDS - BACKING TO A SERENE GREENBELT WITH NO REAR NEIGHBORS! This home is MOVE-IN READY, featuring fresh interior and exterior paint, new Luxury Vinyl Plank flooring, and numerous upgrades throughout. The primary suit is conveniently located on the first floor and includes a fully RENOVATED EN-SUITE BATH. The updated kitchen boasts "shaker-style" cabinet doors, stainless steel appliances, a new dishwasher & New refrigerator. Upstairs, you'll find 3 well-sized bedrooms, an UPDATED FULL BATH, and a cozy STUDY NOOK, ideal for remote work or for the kids to do homework. The RENOVATED LAUNDRY ROOM and 2-car garage add functionality, while the peaceful backyard offers a private retread with LUSH VIEWS AND NO BACK NEIGHBORS. Zoned for EXEMPLARY SCHOOLS. Located near parks, biking trails, shopping, dining, and top-tier schools - this home has it all. Schedule your showing today!
| |||
| Aug 5, 2025 | Price Decreased |
$450,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Jul 20, 2025 | Price Decreased |
$475,000
↓ $20K
(4%) | |
| Price Decreased | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Listed On
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Sold On
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HOA + Taxes
About The Woodlands
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Listed by: Diane Flicker, Keller Williams Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 26663700
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Last Updated: 4 months ago
Data Source: HAR , MLS# 26663700
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