$280,000 Last Listed Price
●
House -
Off Market
2355 Morgan Ridge Lane
Spring, TX 77386
3 Beds
2 Baths
1,636 Ft²
$1,937
Est. Monthly
$67
HOA / Fees
About This Property
Charming one story updated home in the heart of Spring Trails. As
you enter, you are greeted by soaring ceilings & an open floor
plan. This home has 3 bedrooms, 2 full bathrooms,
office/study & 2 car garage w/ storage. Freshly painted
interior & exterior, new carpet, updated lighting, roof replaced
(2023), new fence (2024), grout & tile recently cleaned/sealed, &
appliances have been replaced. Kitchen boasts stainless steel
appliances, upgraded Corian countertops, & painted cabinets.
Kitchen is open to dining & living room making it perfect for
entertaining. Secondary bedrooms w/ ceiling fans are situated in
between the secondary full bath. Private front office has
french doors. The primary is at the back of the home w/ a lovely
ensuite. Spring Trails has great amenities including: olympic size
pool, community center, sports courts, parks, trails & access to
Spring Creek Nature Preserve. Walkable to neighborhood elementary
school. CISD school. Easy access to 99, Hardy, 45, & 59.
Unit Size
1,636 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$171
Property Type
House
Property Taxes
$495
HOA Dues
$67
Year Built
2006
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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 #13052631)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 27, 2024 | In contract | - | |
| In contract | |||
| Dec 13, 2024 | Listed by CB&A, Realtors | $280,000 | |
| Listed by CB&A, Realtors | |||
| | |||
|
Charming one story updated home in the heart of Spring Trails. As you enter, you are greeted by soaring ceilings & an open floor plan. This home has 3 bedrooms, 2 full bathrooms, office/study & 2 car garage w/ storage. Freshly painted interior & exterior, new carpet, updated lighting, roof replaced (2023), new fence (2024), grout & tile recently cleaned/sealed, & appliances have been replaced. Kitchen boasts stainless steel appliances, upgraded Corian countertops, & painted cabinets. Kitchen is open to dining & living room making it perfect for entertaining. Secondary bedrooms w/ ceiling fans are situated in between the secondary full bath. Private front office has french doors. The primary is at the back of the home w/ a lovely ensuite. Spring Trails has great amenities including: olympic size pool, community center, sports courts, parks, trails & access to Spring Creek Nature Preserve. Walkable to neighborhood elementary school. CISD school. Easy access to 99, Hardy, 45, & 59.
| |||
Property Highlights
Garage
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
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Spring Trails
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Listed by: Rachel Lambright, CB&A, Realtors
Last Updated: 4 months ago
Data Source: HAR , MLS# 13052631
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Last Updated: 4 months ago
Data Source: HAR , MLS# 13052631
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