LOT 4 Harrell Road
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2024 | Sold | ||
| Sold | |||
| Feb 8, 2024 | Listed by Monument Realty | $100,000 | |
| Listed by Monument Realty | |||
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Discover the perfect canvas for your dream home on this beautiful one-acre lot in the serene countryside. Conveniently located just 4 miles from HWY 75 with a quick 25min drive to McKinney or 15mins to Sherman, and ONLY 5min FROM THE NEW TEXAS INSTRUMENTS! Soil test results, drainage analysis plans, survey, deed restrictions and custom home plans available in Transaction Desk, ensuring a smooth start to your building process. Grayson County Electric will provide electricity at the road, while Co-op Water from Luella Water District ensures a reliable water source. In the absence of city sewer, the lot will require aerobic septic. Embrace the unique opportunity to bring your own builder and transform this picturesque land into the home you've always imagined. Enjoy the peaceful surroundings of the countryside while maintaining proximity to essential amenities. Your dream home begins its journey on this one-acre haven. Also ideal for a builder to build SPEC for new TI employees!
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| Jul 15, 2022 | Sold | ||
| Sold | |||
| May 25, 2022 | Listed by RE/MAX Four Corners | $100,000 | |
| Listed by RE/MAX Four Corners | |||
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Bring your builder to this beautiful countryside one acre lot. Enjoy the convenience to HWY 75 (4 miles) and being just 25 minutes to McKinney. Texas Instruments will be 5-6 miles away. Soil tests results, drainage analysis plans and topography plans are included and are Transaction Desk. Electric at the road to be provided by Grayson County Electric. Co-op Water to be provided by Luella Water District. No city sewer. Septic and propane needed. Survey in Transaction Desk. Seller is also a builder and can build on the lot with your plans. 1 acre lots are hard to find right now, so snatch this one up. Seller may have 2 more lots available. 2,400 MINIMUM SQ FT living space not including garage, driveways, breezeways, porch or patios. 50' set back line (per recorded Deed Restrictions). 120.07' wide of road frontage.**Seller will consider Owner Financing** 25% DOWN @ 8.5% 2 yr Balloon
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| Mar 3, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017