253 Springs Edge Drive
About This Property
This Home is Centrally Located within Convenient Walking Distance to the Club, The Lake, Numerous Playgrounds or April Sound also Provides a Boat Launch, Marina, Tennis Courts, Hiking/Biking Trails and a 27-hole Golf Course and a Church! Continuous Activities are Available. Walk to the Club and enjoy a Full Menu Restaurant & Bar or Swim in 1 of the 3 Swimming Pools or throw a Line Out. This Lake Home has such a Cozy, Relaxing Feel as you Open the Doors to Enjoy Nature. Situated with Mature Trees surrounding and a Extremely Private Wooded Yard. The Living Area offers Vaulted Ceilings and a Beautiful Floor to Ceiling Stone Fireplace. French Doors in Primary Open to the Peace and Quiet of the Wooded Backyard. Primary Ensuite Bath has Dual Basins. A Vanity. Walk in Shower and Dual Closets. The Large Utility Room has a Sink and Plenty of Space for Crafts. The Breakfast Room Looks out to the Lovely Landscaped Yard. New Flooring and Move-In-Ready.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2024 | Sold | ||
| Sold | |||
| May 13, 2024 | Listed by Walzel Properties - Corporate Office | $270,000 | |
| Listed by Walzel Properties - Corporate Office | |||
| Apr 8, 2024 | Sold | ||
| Sold | |||
| Mar 19, 2024 | In contract | - | |
| In contract | |||
| Mar 16, 2024 | Listed by Connect Realty.com | $275,000 | |
| Listed by Connect Realty.com | |||
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This home is an idyllic retreat set inside the gated community of April Sound on Lake Conroe. A French-door formal entry welcomes guests. Relax in the den offering vaulted ceilings and a fireplace adorned with a floor-to-ceiling stone facade + built-ins. The dining room presents captivating views and access to the rear deck. Enjoy the inviting breakfast room, or create culinary delights in a kitchen graced with abundant storage, while taking in the lovely landscape. Wake up to gorgeous scenery from the primary bedroom with French doors opening onto a spacious deck overlooking the wooded backyard. An ensuite bath provides dual basins, a vanity, a walk-in shower, and dual closets. Other highlights include a utility room large enough for crafts, with a sink. Community amenities include a boat launch, marina, tennis courts, playgrounds, pool, and a restaurant. April Sound Golf Club features a 27-hole Golf Course. Experience living amidst natural beauty in this popular lakeside community.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017