$199,000 Last Listed Price
●
House -
Off Market
32843 Old Hempstead Road
Magnolia, TX 77355
3 Beds
2 Baths
1,344 Ft²
$1,043
Est. Monthly
About This Property
Discover the endless potential of 32843 Old Hempstead Road! This
3BD, 2BT manufactured home sits on a sprawling 22,782sf
UNRESTRICTED lot (per appraisal district), offering boundless
opportunities for customization and expansion. Freshly painted
throughout, the expansive living room complements the island
kitchen with stainless appliances and custom cabinetry, seamlessly
flowing into the dining area. The primary bedroom features an
ensuite bath, while the spacious secondary bedrooms ensure comfort.
Enjoy the outdoors in the fully fenced yard with driveway gate. The
covered back patio is perfect for gatherings. With its UNRESTRICTED
land, this property invites you to create your ideal country
retreat in highly sought after Magnolia & only minutes from town
conveniences. Plus, the loan is ASSUMABLE, adding flexibility for
buyers. Don't miss this chance to own over HALF AN ACRE with NO HOA
and LOW TAX RATE! Washer & dryer STAY!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$148
Property Type
House
Property Taxes
$65
HOA Dues
-
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: 5 months ago (HAR #49111471)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 6, 2024 | Listed by CB&A, Realtors | $199,000 | |
| Listed by CB&A, Realtors | |||
| | |||
|
Discover the endless potential of 32843 Old Hempstead Road! This 3BD, 2BT manufactured home sits on a sprawling 22,782sf UNRESTRICTED lot (per appraisal district), offering boundless opportunities for customization and expansion. Freshly painted throughout, the expansive living room complements the island kitchen with stainless appliances and custom cabinetry, seamlessly flowing into the dining area. The primary bedroom features an ensuite bath, while the spacious secondary bedrooms ensure comfort. Enjoy the outdoors in the fully fenced yard with driveway gate. The covered back patio is perfect for gatherings. With its UNRESTRICTED land, this property invites you to create your ideal country retreat in highly sought after Magnolia & only minutes from town conveniences. Plus, the loan is ASSUMABLE, adding flexibility for buyers. Don’t miss this chance to own over HALF AN ACRE with NO HOA and LOW TAX RATE! Washer & dryer STAY!
| |||
| May 14, 2021 | Sold | ||
| Sold | |||
| Dec 11, 2020 | Listed by Carswell Real Estate Co. Inc. | $165,000 | |
| Listed by Carswell Real Estate Co. Inc. | |||
| | |||
|
Nice & well kept mobile home located on .0.523 +/- acre. This mobile home is completely fence. This 3 bedroom, 2 bath home is ready for a new buyer. Island kitchen is complete with plenty of cabinets for storage. Open to the living room and breakfast area. Great location, minutes from Magnolia. 2 Kumquat trees on the property.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Montgomery
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Listed by: Bridget Moore, CB&A, Realtors
Last Updated: 5 months ago
Data Source: HAR , MLS# 49111471
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Last Updated: 5 months ago
Data Source: HAR , MLS# 49111471
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