$1,200,000 Last Listed Price
●
House -
Off Market
26506 Willow Lane
Katy, TX 77494
3 Beds
2 Baths,
1
Half Bath
3,474 Ft²
$7,284
Est. Monthly
About This Property
Seller currently using the space as office for seller's business.
All the rooms have been optimized for office use to accommodate
seller's business. The property is sold as lot value and property
is sold as is where is. No HOA! No MUD tax! No deed restriction!
Can use a business and be rebuilt! Spectacular ranch, 3474 square
feet residential and commercial spaces sit on 2.4 acres gorgeous
land on Willow Lane - a popular street to live and run business.
New updated circle driveway, lots of parking. There are 3 bedrooms,
2 and half baths, high ceiling living room, formal dinning,
reception area and sunroom can be converted to commercial use. 3
car garage converted spaces have been used as a class room and
office. It is a perfect place for home business with endless
potential, such as day care, foster care, after school, wellness
center, beauty & spa, church etc.
Unit Size
3,474 Ft²
Days on Market
-
Land Size
2.40 acres
Price per sqft
$345
Property Type
House
Property Taxes
$1,391
HOA Dues
-
Year Built
1980
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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 #72799251)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 19, 2024 | Sold | ||
| Sold | |||
| Jan 18, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2023 | Listed by Sunet Group | $1,200,000 | |
| Listed by Sunet Group | |||
| | |||
|
Seller currently using the space as office for seller's business. All the rooms have been optimized for office use to accommodate seller’s business. The property is sold as lot value and property is sold as is where is. No HOA! No MUD tax! No deed restriction! Can use a business and be rebuilt! Spectacular ranch, 3474 square feet residential and commercial spaces sit on 2.4 acres gorgeous land on Willow Lane - a popular street to live and run business. New updated circle driveway, lots of parking. There are 3 bedrooms, 2 and half baths, high ceiling living room, formal dinning, reception area and sunroom can be converted to commercial use. 3 car garage converted spaces have been used as a class room and office. It is a perfect place for home business with endless potential, such as day care, foster care, after school, wellness center, beauty & spa, church etc.
| |||
| Nov 12, 2021 | Sold | ||
| Sold | |||
| Jun 17, 2021 | Listed by REALM Real Estate Professional | $796,000 | |
| Listed by REALM Real Estate Professional | |||
| | |||
|
Spectacular ranch, 3474 square feet residential and commercial spaces sit on 2.4 acres gorgeous land on Willow Lane - a popular street to live and run business. New updated circle driveway, lots of parking. There are 3 bedrooms, 2 and half baths, high ceiling living room, formal dinning, reception area and sunroom can be converted to commercial use. 3 car garage converted spaces have been used as a class room and office. It is a perfect place for home business with endless potential, such as day care, foster care, after school, wellness center, beauty & spa, church etc.
| |||
Property Highlights
Air Conditioning
Fireplace
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
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HOA + Taxes
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Listed by: Wenjie Wang, Sunet Group
Last Updated: 4 months ago
Data Source: HAR , MLS# 72799251
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Last Updated: 4 months ago
Data Source: HAR , MLS# 72799251
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