$280,000 Last Listed Price
●
House -
Off Market
33635 Dobbin Huffsmith Road
Magnolia, TX 77354
3 Beds
3 Baths
1,844 Ft²
$367,874
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
MULTI-HOME PROPERTY - This is 2.5 acres of unrestricted property.
There is currently a 3 bedroom, 3 full bath manufactured home with
TWO additional empty lots. The property has a water well and three
separate septic tanks. The pump house is 23' x 12', so you have
plenty of additional storage. There is an additional 20' x 8'
building that would be perfect for a workshop. The current house
features a two-car carport and a freshly rebuilt front porch. House
just had some minor touch-ups and is being sold as-is. Bring your
horses, this is unrestricted property in a very up-and-coming area.
It's conveniently located just 1.5 miles from a brand new H-E-B,
theater, and retail center currently underway and just 2 miles from
Highway 249. Come and see it!
Unit Size
1,844 Ft²
Days on Market
-
Land Size
2.51 acres
Price per sqft
$152
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
2000
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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 #33317745)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 23, 2024 | No longer available | - | |
| No longer available | |||
| Mar 31, 2023 | Listed by Realty ONE Group Iconic | $849,900 | |
| Listed by Realty ONE Group Iconic | |||
| | |||
|
MOTIVATED SELLER! Rare find in Magnolia, TX with tons of potential! This unrestricted 2.5ac tract, surrounded by development, is in a prime location w/183' of Dobbin Huffsmith Rd frontage, which boasts consistent drive by traffic. This property offers a mobile home in good condition with carport, 2 newly added metal buildings on slabs (20x60&30x32), multiple slabs throughout, a pond, and privacy from neighboring properties. Water well, 3 septic tanks, & electricity on site. This property is conveniently located approx 1.5 mi from the newly opened HEB, theatre coming, and retail center that's under construction. Take advantage of all of the commercial development taking place in this area along with being nestled in-between established & new residential neighborhoods. Easy access to 149/249/1488, and future cut through to Wdlds Pkwy! The opportunities with this property are endless! Seller currently operates dog rescue on property. Information to be independently verified by buyer(s).
| |||
| Dec 31, 2020 | Sold | ||
| Sold | |||
| Dec 6, 2019 | Listed by Realty ONE Group, Experience | $280,000 | |
| Listed by Realty ONE Group, Experience | |||
| | |||
|
MULTI-HOME PROPERTY — This is 2.5 acres of unrestricted property. There is currently a 3 bedroom, 3 full bath manufactured home with TWO additional empty lots. The property has a water well and three separate septic tanks. The pump house is 23’ x 12’, so you have plenty of additional storage. There is an additional 20’ x 8’ building that would be perfect for a workshop. The current house features a two-car carport and a freshly rebuilt front porch. House just had some minor touch-ups and is being sold as-is. Bring your horses, this is unrestricted property in a very up-and-coming area. It’s conveniently located just 1.5 miles from a brand new H-E-B, theater, and retail center currently underway and just 2 miles from Highway 249. Come and see it!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Peggy Caldwell, Realty ONE Group, Experience
Last Updated: 5 months ago
Data Source: HAR , MLS# 33317745
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Last Updated: 5 months ago
Data Source: HAR , MLS# 33317745
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