301 Lea Ln
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 |
|---|---|---|---|
| Feb 12, 2024 | In contract | - | |
| In contract | |||
| Jan 10, 2024 | Listed by Twelve Rivers Realty | $799,000 | |
| Listed by Twelve Rivers Realty | |||
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Discover Hill Country living at its finest! This spacious property spans 4.4 acres, offering you the perfect blend of SPACE, FREEDOM, NATURE, and stunning SUNSET VIEWS. With minimal restrictions and a low 1.4% tax rate, this is your ideal homestead or income-generating opportunity. Enjoy the convenience of having everything you need just under 5 minutes away, from H-E-B to Wimberley Square, the Blue Hole regional park + swimming hole and the yoga yurt Nextdoor!!.
Located less than 40 miles from Austin, this property boasts a cheerful kitchen featuring stainless steel appliances, butcher-block counters, and a sleek subway tile backsplash. The backyard is a haven with hill country views, a cowboy pool, custom built sandpit, play scape and treehouse, stone fire pit, high fence garden, pergola, dog run, and multiple decks. More updates: tile and life-proof vinyl plank flooring, Anderson windows, bathroom upgrades, and a brand-new AC unit and well pump.
Explore nature trails throughout the 1/4 mile property, cleared of cedar with live oaks and a forest play area amplifying the child like wonder nature provides. Additional features include a workshop with 110 and 120 amp, RV parking and power (30 amp), and the freedom use your land as you like with minimal restrictions. Livestock allowed (see specifics in docs). Embrace the Hill Country lifestyle with this exceptional home!
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| Jan 28, 2015 | Sold | ||
| Sold | |||
| Dec 3, 2014 | Listed by TC Austin Residential Group | $205,000 | |
| Listed by TC Austin Residential Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017