$475,000 Last Listed Price
●
House -
Off Market
377 Ridgewood Drive
Magnolia, TX 77355
3 Beds
2 Baths,
1
Half Bath
2,520 Ft²
$485,965
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Come explore nature and get lost in one of the most sought after
neighborhoods in Magnolia, Texas. Oak Hollow is one of a kind. This
friendly subdivision will remind you what a good neighbor truly
means. Nestled amongst the pine trees you'll find one of the best
properties currently on the market - lakes, pavilions, swimming
pools, tennis courts, and parks are a few of the featured
amenities. 377 Ridgewood is located on a 1 acre lot with light
restrictions and all the country living you could expect. But don't
be fooled, this property is within a 20 minute drive of anything in
the Houston metroplex. This is your one opportunity to purchase a
custom home that feels like extreme luxury. A modern farmhouse
charm abounds with no carpet found anywhere. The outdoor living
space has an extended patio, cafe lights, and everything you could
want to enjoy while grilling and spending time with family
outdoors. Solar panels owned, no lease - save money! Double
insulated = low energy bills!!
Unit Size
2,520 Ft²
Days on Market
-
Land Size
1.01 acres
Price per sqft
$188
Property Type
House
Property Taxes
$615
HOA Dues
$13
Year Built
2015
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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 #45364915)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2022 | Sold | ||
| Sold | |||
| Jun 30, 2022 | Listed by Century 21 Realty Partners | $475,000 | |
| Listed by Century 21 Realty Partners | |||
| | |||
|
Come explore nature and get lost in one of the most sought after neighborhoods in Magnolia, Texas. Oak Hollow is one of a kind. This friendly subdivision will remind you what a good neighbor truly means. Nestled amongst the pine trees you’ll find one of the best properties currently on the market - lakes, pavilions, swimming pools, tennis courts, and parks are a few of the featured amenities. 377 Ridgewood is located on a 1 acre lot with light restrictions and all the country living you could expect. But don’t be fooled, this property is within a 20 minute drive of anything in the Houston metroplex. This is your one opportunity to purchase a custom home that feels like extreme luxury. A modern farmhouse charm abounds with no carpet found anywhere. The outdoor living space has an extended patio, café lights, and everything you could want to enjoy while grilling and spending time with family outdoors. Solar panels owned, no lease - save money! Double insulated = low energy bills!!
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Waller
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Amanda Lehman, Century 21 Realty Partners
Last Updated: 5 months ago
Data Source: HAR , MLS# 45364915
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Last Updated: 5 months ago
Data Source: HAR , MLS# 45364915
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