$525,000 Last Listed Price
●
House -
Off Market
32906 Wright Road
Magnolia, TX 77355
4 Beds
3 Baths
2,884 Ft²
$614,273
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Looking for room to breathe in the country air with easy access to
249 and shopping? This is your new home! The main home features two
master suites, one with an attached study, 2 additional bedrooms,
and an additional flex room. The secondary home offers 2 bedroom
and 2 bathrooms. You can use it as a possible income producing or
multi-generational second home. The property offers a barn with
pasture space for livestock, and a chicken coop already in place.
This rare gem is unrestricted property, no HOA, low taxes, and
Tomball ISD schools. Enjoy the view of the state of the art equine
facility next door that provides the most serene view. Updates
throughout this home, safety fencing on the pool and cross fenced
pastures make this home ready for move in, not to mention you
actually have the largest cedar tree in Texas on the property and
the paperwork to prove it. Come take a look today.
Unit Size
2,884 Ft²
Days on Market
-
Land Size
2.73 acres
Price per sqft
$182
Property Type
House
Property Taxes
$467
HOA Dues
-
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: 4 months ago (HAR #72442070)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2021 | Sold | ||
| Sold | |||
| May 13, 2021 | Listed by RE/MAX Integrity | $525,000 | |
| Listed by RE/MAX Integrity | |||
| | |||
|
Looking for room to breathe in the country air with easy access to 249 and shopping? This is your new home! The main home features two master suites, one with an attached study, 2 additional bedrooms, and an additional flex room. The secondary home offers 2 bedroom and 2 bathrooms. You can use it as a possible income producing or multi-generational second home. The property offers a barn with pasture space for livestock, and a chicken coop already in place. This rare gem is unrestricted property, no HOA, low taxes, and Tomball ISD schools. Enjoy the view of the state of the art equine facility next door that provides the most serene view. Updates throughout this home, safety fencing on the pool and cross fenced pastures make this home ready for move in, not to mention you actually have the largest cedar tree in Texas on the property and the paperwork to prove it. Come take a look today.
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
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About Montgomery
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Listed by: Melissa Spencer, RE/MAX Integrity
Last Updated: 4 months ago
Data Source: HAR , MLS# 72442070
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Last Updated: 4 months ago
Data Source: HAR , MLS# 72442070
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