$450,000 Last Listed Price
●
House -
Off Market
31603 Johlke Road
Magnolia, TX 77355
4 Beds
2 Baths,
1
Half Bath
3,316 Ft²
$463,717
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model
About This Property
Captivating over half acre property ideally located close to the
249 which offers a relaxing atmosphere. At this home you will be
able to make entertainment a true delight and your dreams of owning
a garden and your own chickens, fresh eggs, can come true while
keeping a suburban lifestyle. 10 minutes from Tomball and assigned
to Tomball ISD schools, a top rated public school district. The two
A/C units were replaced for new ones in 2022 and the dishwasher was
replaced in December 2022. The pipelines in the kitchen were
replaced for pex water-pipes in 2021 after the freeze. Come and see
this marvelous floor-plan with a superb blend of style and comfort.
Unit Size
3,316 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$136
Property Type
House
Property Taxes
$573
HOA Dues
$11
Year Built
2003
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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 (HAR #9894677)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 24, 2025 | Sold | ||
| Sold | |||
| Apr 2, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Listed by eXp Realty LLC | $489,900 | |
| Listed by eXp Realty LLC | |||
   | |||
|
NEED SOME YARD !!! Look at the backyard of this beauty. The lot size is over half an acre, and there is a gorgeous covered patio with a teak wood ceiling. There are 4-BRs, 21/2 Baths, 2-car garage, and over 3300 SF. The primary bedroom, home office/study, the formal living and dining rooms are all downstairs. The large island kitchen with gas oven and cooktop, and open to the family room and the breakfast room. Upstairs are three secondary bedrooms, a secondary bathroom and a large game room. Both AC units were replaced along with the dishwasher in 2022. The pipelines in the kitchen were replaced with PEX water pipes in 2021 after the big freeze. Concord Estates is a one street neighborhood with all the properties on the north side of the street situated on 1/2 acre lots, while the properties on the south side are on much smaller lots. Ideally located to SH 249, Grand Parkway(99), and only 10 minutes to Tomball, located in the highly acclaimed Tomball ISD.
| |||
| Mar 9, 2023 | Sold | ||
| Sold | |||
| Dec 16, 2022 | Listed by BHGRE Gary Greene | $450,000 | |
| Listed by BHGRE Gary Greene | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Concord Estates
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Listed by: Katja Bley de Ulloa, BHGRE Gary Greene
Last Updated: 5 months ago
Data Source: HAR , MLS# 9894677
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Last Updated: 5 months ago
Data Source: HAR , MLS# 9894677
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