$1,495,000 Last Listed Price
●
House -
Off Market
24907 Falling Water Estates Lane
Katy, TX 77494
5 Beds
5 Baths,
2
Half Baths
6,081 Ft²
$1,858,996
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Tucked away in the back of this lovely Cinco Ranch neighborhood,
this elegant and stately home sits on just under a half-acre with a
fabulous low traffic location near the end of a cul-de-sac. Gated
seclusion in coveted Reserve at Bayou Woods and backs to 4+ acre
wooded reserve and across the street from an 11+ acre wooded
reserve and trails. Car enthusiasts dream – a rare 5 car garage.
Over 6,000 square feet, this home boasts exceptional taste,
tremendous design with custom features and generous room sizes,
great natural light and trending colors. Newly replaced lush
carpeting in upstairs bedrooms. Spacious and private first floor
master suite views back yard sanctuary with resort sized/style pool
with double waterfalls, covered veranda, firepit, outdoor kitchen
and pizza oven. Home generator. Exceptional landscaping and stone
lined pathways with tremendous attention to detail. Near parks,
trails, and all the benefits of Katy life, including top ranked
schools. No flooding per seller.
Unit Size
6,081 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$246
Property Type
House
Property Taxes
-
HOA Dues
$168
Year Built
2007
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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 #17045356)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2021 | Sold | ||
| Sold | |||
| Jan 4, 2021 | Listed by Martha Turner Sotheby's | $1,495,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
Tucked away in the back of this lovely Cinco Ranch neighborhood, this elegant and stately home sits on just under a half-acre with a fabulous low traffic location near the end of a cul-de-sac. Gated seclusion in coveted Reserve at Bayou Woods and backs to 4+ acre wooded reserve and across the street from an 11+ acre wooded reserve and trails. Car enthusiasts dream – a rare 5 car garage. Over 6,000 square feet, this home boasts exceptional taste, tremendous design with custom features and generous room sizes, great natural light and trending colors. Newly replaced lush carpeting in upstairs bedrooms. Spacious and private first floor master suite views back yard sanctuary with resort sized/style pool with double waterfalls, covered veranda, firepit, outdoor kitchen and pizza oven. Home generator. Exceptional landscaping and stone lined pathways with tremendous attention to detail. Near parks, trails, and all the benefits of Katy life, including top ranked schools. No flooding per seller.
| |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Cinco Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Eileen Hartman, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 17045356
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Last Updated: 5 months ago
Data Source: HAR , MLS# 17045356
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