285 Blue Heron Drive
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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%.
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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 |
|---|---|---|---|
| Mar 6, 2024 | Sold | ||
| Sold | |||
| Feb 2, 2024 | In contract | - | |
| In contract | |||
| Nov 9, 2023 | Listed by The Wolf Real Estate Group | $1,250,000 | |
| Listed by The Wolf Real Estate Group | |||
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This immaculately maintained 4 bedroom, 2.5 bath home in the beautifully gated community of Blue Heron Bay offers the perfect blend of modern luxury and serene waterfront living. Step inside to discover an open-concept living space adorned with elegant finishes and abundant natural light. The kitchen boasts stainless steel appliances, granite countertops, and a spacious island, making it a culinary enthusiast's paradise. The inviting living room features a cozy fireplace and breathtaking lake views through large windows. Enjoy seamless indoor-outdoor living that opens to the covered patio and outdoor kitchen where you can savor morning coffee or host sunset gatherings. Retreat to the primary suite, complete with a spa-like en-suite bathroom featuring a soaking tub, dual vanities, and a walk-in shower. Outside, your private oasis awaits. A well-manicured yard and private pool leads to a private dock, perfect for boating, fishing, or simply basking in the tranquility of Lake Conroe.
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| Apr 25, 2019 | Sold | ||
| Sold | |||
| Feb 27, 2019 | Listed by Zarco Realty | $612,000 | |
| Listed by Zarco Realty | |||
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Enjoy waterfront living at its finest in the exclusive gated community of Blue Heron Bay. The backyard is a tranquil oasis featuring a newly remodeled heated pool and spa, boasting unobstructed open bay views. This waterfront beauty did NOT flood during hurricane Harvey. Inside you will find a beautifully remodeled home featuring spectacular waterfront views from multiple rooms. The homes massive master suite is impressive, you will fall in love with the spa like bath. This home is very easy to maintain and energy efficient thanks to the addition of PELLA windows, newer 20 seer a/c heating system, newer roof, ridge vents, and plenty of insulation. Home has high end finishes throughout, storage galore, large bedrooms with walk in closets, a walk in TX attic with potential for increased square footage, impressive 25'x29' garage with walls of storage and workshop. This home is near shopping, medical and in the highly acclaimed Montgomery school district. All room dimensions are estimated.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017