$495,000 Last Listed Price
●
House -
Off Market
4 Sarah Lynn Lane
Conroe, TX 77303
4 Beds
2 Baths
2,028 Ft²
$506,427
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Location, location, location! Escape the bustling city noise with
this 4 bedroom, 2 bath, Ranch-style home situated on 2.5
unrestricted acres. This rare find is located inside the Conroe
city limits but feels like you're in the country. No HOA. No
restrictions. No MUD. Low taxes. Nature lover's paradise! This
cottage is nestled away in the woods giving you plenty of privacy
yet is located only 2 miles from I-45; just a stone's throw from
anything you want. The landscape & surrounding acreage really gives
you a private park-like setting. This home is connected to an
on-site water well, however, city of Conroe water spigot is already
in connected in the front yard. Plenty of elbow room here and lots
of options for a future pool, pergola, garden, or a nice shop. Call
& make an appointment to see this home today!
Unit Size
2,028 Ft²
Days on Market
-
Land Size
2.52 acres
Price per sqft
$244
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1981
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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 #22636754)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 29, 2022 | Sold | ||
| Sold | |||
| Jun 3, 2022 | Listed by RE/MAX Northwest, REALTORS | $495,000 | |
| Listed by RE/MAX Northwest, REALTORS | |||
| | |||
|
Location, location, location! Escape the bustling city noise with this 4 bedroom, 2 bath, Ranch-style home situated on 2.5 unrestricted acres. This rare find is located inside the Conroe city limits but feels like you’re in the country. No HOA. No restrictions. No MUD. Low taxes. Nature lover’s paradise! This cottage is nestled away in the woods giving you plenty of privacy yet is located only 2 miles from I-45; just a stone’s throw from anything you want. The landscape & surrounding acreage really gives you a private park-like setting. This home is connected to an on-site water well, however, city of Conroe water spigot is already in connected in the front yard. Plenty of elbow room here and lots of options for a future pool, pergola, garden, or a nice shop. Call & make an appointment to see this home today!
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
Beds
Baths
ft²
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HOA + Taxes
About Conroe
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Listed by: Marco Padilla, RE/MAX Northwest, REALTORS
Last Updated: 4 months ago
Data Source: HAR , MLS# 22636754
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Last Updated: 4 months ago
Data Source: HAR , MLS# 22636754
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