$212,000
●
House -
Off Market
2920 LAKE SPIER Drive
El Paso, TX 79936
3 Beds
2 Baths,
1
Half Bath
$210,570
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
INVESTOR'S SPECIAL: Multi-Generational Ready & Income Producing
Potential! This lovely home has great potential w/ a studio
apartment & unique design of windows that add a lot of character!
Cozy up to the fireplace in the living room w/ crown molding. The
kitchen has stainless steel appliances & opens up to the dining w/
5 cool bay windows on a curved wall that match the look of the
windows in the living room! There is also a bonus area on the side
of the dining room. Downstairs is a 1/2 bath & laundry. Upstairs
are 3 spacious bedrooms w/ vaulted ceilings and 2 bathrooms. The
master has been closed off to make it private, so access is through
the outside balcony with stairs that lead down to the backyard.
Under these stairs is a storage room. The backyard has a privacy
fence and planters. The garage has been converted into a studio
apartment w/ private access. It has tile, a bathroom w/ shower,
closet & a kitchen w/ stove & fridge. Perfect for your in-laws,
short term & long term rentals!
Unit Size
-
Days on Market
32 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$532
HOA Dues
-
Year Built
1989
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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: 5 months ago (GEPAR MLS #880172)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 23, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2023 | Listed by New Beginnings Realty-1964 | $208,950 | |
| Listed by New Beginnings Realty-1964 | |||
| Nov 8, 2022 | Listed by Cap Rate Real Estate Group | $205,500 | |
| Listed by Cap Rate Real Estate Group | |||
| | |||
|
I'd like to present you the next great investment opportunity. This home is ideal for rentals or Airbnb! It has the converted garage as its stand alone studio along with the master converted into a studio with its own entrance. Many ways you can take advantage of its units. You can live in one of them while renting out the other two! This sits on Pebble hills and George Deiter with everything you need within a 5 min radius!
| |||
| Oct 16, 2003 | Sold | ||
| Sold | |||
| Sep 3, 2003 | Listed by Coldwell Banker Legacy | $110,000 | |
| Listed by Coldwell Banker Legacy | |||
| | |||
|
PRIDE OF OWNERSHIP ABOUNDS IN THIS IMPECCABLEY MAINTAINED GORGEOUS BRICK 2 STORY HM.A REAL SHOWPLACE!FEATURES:CERAMIC TILE,HARDWOOD STAIRCASE,TILED PATIO.`BETTER HOMES GARDENS` STYLE BACKYARD W/RAISED FLOWER BEDS SPRINKLER SYSTEM.
| |||
Property Highlights
Garage
Fireplace
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
Price/ft²
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Closing Price
Sold On
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HOA + Taxes
About Sandy Creek
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Listed by: Justin Cates, New Beginnings Realty-1964
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 880172
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 880172
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