$770,000 Last Listed Price
●
House -
Off Market
2723 Merlin Way
Katy, TX 77493
4 Beds
4 Baths,
1
Half Bath
3,700 Ft²
$915,869
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
MLS# 66638025 - Built by Highland Homes - Ready Now! ~ Oversized
Lot with Green Belt in back! Elegance thru-out with 13 ft ceilings.
Sliding door in Family room with fireplace, Game Room and
Entertainment Room. Features Expanded secondary bedrooms and All
Bedrooms with Private baths. Wood Flooring thru Family Areas
including Library and Formal Dining. Large Kitchen w/abundant
storage flows to Breakfast Room with built in Hutch. 4 Car tandem
Garage!
Unit Size
3,700 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$208
Property Type
House
Property Taxes
-
HOA Dues
$100
Year Built
-
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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 #66638025)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 23, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | In contract | - | |
| In contract | |||
| Dec 26, 2023 | Listed by Compass RE Texas, LLC - Katy | $834,990 | |
| Listed by Compass RE Texas, LLC - Katy | |||
| | |||
|
This home is in the highly sought after community of Cane Island, acclaimed Katy ISD school district. This is a great Highland Homes single story floorplan with a junior primary suite, perfect for an in-law suite or teens room. The modern design of the home is simple and beautiful. There is a large living room space with tons of natural light coming from the wall of windows, includes an elegant corner fireplace. The large dining room is made for quality time with the family. The kitchen is filled with top end appliances, beautiful quartz countertops and backsplash, huge island bar, tons of counterspace. The generously sized primary bedroom offers a walk in closet and a luxurious, private bathroom with a separate shower and soaking tub. The home includes a game room that is all about family fun, along with a media room, 4 bedrooms and 4 full bathrooms. HUGE backyard with spa and no backing neighbors. Call today to schedule your own private showing.
| |||
| May 25, 2021 | Sold | ||
| Sold | |||
| Dec 19, 2020 | Listed by Highland Homes Realty | $770,000 | |
| Listed by Highland Homes Realty | |||
| | |||
|
MLS# 66638025 - Built by Highland Homes - Ready Now! ~ Oversized Lot with Green Belt in back! Elegance thru-out with 13 ft ceilings. Sliding door in Family room with fireplace, Game Room and Entertainment Room. Features Expanded secondary bedrooms and All Bedrooms with Private baths. Wood Flooring thru Family Areas including Library and Formal Dining. Large Kitchen w/abundant storage flows to Breakfast Room with built in Hutch. 4 Car tandem Garage!
| |||
Property Highlights
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Fireplace
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Type
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Baths
ft²
Price/ft²
Price/ft²
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Closing Price
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About Waller
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Listed by: Ben Caballero, Highland Homes Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 66638025
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Last Updated: 4 months ago
Data Source: HAR , MLS# 66638025
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