$229,900 Last Listed Price
●
Land -
Off Market
28033 Meadow Falls
Magnolia, TX 77355
Studio
0 Bath
$265,711
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Incredible opportunity to build your dream home on one of the
beautiful one acre lots with hugh trees in The Falls at High Meadow
Ranch. This gated enclave is comprised of million dollar homes
surrounded by the highly rated High Meadow Ranch Golf Course.
Within The Falls, there are 3 private putting greens, water
feature, walking trails and an outdoor exercise area. Residents
also have access to the greater High Meadow Ranch amenities which
incluse a junior Olympic size swimming pool, pavilion, sports
fields and nature reserves. Ask your agent to assist you in
the purchase of this property and live in a truly unique and
beautiful location: The Falls of High Meadow Ranch.
Unit Size
-
Days on Market
-
Land Size
1.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$221
HOA Dues
$161
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 #28910954)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 20, 2023 | Sold | ||
| Sold | |||
| Jul 5, 2023 | Listed by Carswell Real Estate Co. Inc. | $299,000 | |
| Listed by Carswell Real Estate Co. Inc. | |||
| | |||
|
Incredible opportunity to build your dream home in the exclusive gated section of Falls at High Meadow Ranch. This coveted enclave is compromised of million dollar homes that all back up to the highly rated High Meadow Ranch Golf Club. This particular lot has picturesque view of the 17th fairway. The Falls features a gated entry, three private putting greens, tranquil water features and a 1/2 mile walking trail around the park. Numerous other community amenities include a junior olympic size swimming pool, pavilion, sports fields and nature reserves. This lot is ideal for luxury home builders looking for their next project, or discerning individuals looking to work with the builder of their choice. Click on the virtual tour link for a preview of The Falls and this phenomenal property.
| |||
| Jul 23, 2021 | Sold | ||
| Sold | |||
| Jun 30, 2021 | Listed by RE/MAX Distinction | $229,900 | |
| Listed by RE/MAX Distinction | |||
| | |||
|
Incredible opportunity to build your dream home on one of the beautiful one acre lots with hugh trees in The Falls at High Meadow Ranch. This gated enclave is comprised of million dollar homes surrounded by the highly rated High Meadow Ranch Golf Course. Within The Falls, there are 3 private putting greens, water feature, walking trails and an outdoor exercise area. Residents also have access to the greater High Meadow Ranch amenities which incluse a junior Olympic size swimming pool, pavilion, sports fields and nature reserves. Ask your agent to assist you in the purchase of this property and live in a truly unique and beautiful location: The Falls of High Meadow Ranch.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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HOA + Taxes
About High Meadow Ranch
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Cecilia Whitaker, RE/MAX Distinction
Last Updated: 4 months ago
Data Source: HAR , MLS# 28910954
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Last Updated: 4 months ago
Data Source: HAR , MLS# 28910954
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