2701 Mid Lane
About This Property
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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 |
|---|---|---|---|
| May 17, 2023 | Sold | ||
| Sold | |||
| Feb 27, 2023 | Listed by Martha Turner Sotheby's International Realty | $1,125,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
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2701 Mid Lane is located within idyllic West Lane Place, steps away from swanky Highland Village shopping and dining. This 2-story, brick home sitting on a full-sized lot is the needle in a haystack of townhomes. Never stress for parking for you or guests with the 2-car garage + driveway with space for 4 cars. Updates to the home include double pane windows, new double-entry front door, recent water heater, UV air filters at AC compressor, and full kitchen reno. The kitchen sparkles with an oversized island, secondary sink, beverage fridge and high-end Miele appliances. Built-in refrigerator, electric double ovens with microwave, steam and convection capabilities + warming drawer. The open floorplan flows with living and study downstairs and 4 bedrooms + laundry upstairs. Enjoy the abundantly sized primary suite with a gas log fireplace, coffered ceiling, bidet, and colossal closet! Outside, the low-maintenance garden provides plenty of entertaining space plus a 4-hole putting green.
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Property Highlights
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About Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017