$825,000 Last Listed Price
●
House -
Off Market
40318 Three Forks Road
Magnolia, TX 77354
4 Beds
4 Baths,
1
Half Bath
5,066 Ft²
$822,749
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Custom home located on 1.2 acres in Cimarron Country. The home is
surrounded by mature trees and lush landscaping. You enter a
double-wide driveway that bends to a circular drive. The first
floor boasts crown molding, a fireplace, a closet that could be a
wine room, wanes coating, builtins in the office, an oversized
laundry room, claw foot tub in the Primary suite to name a few.
Walk up the winding staircase to a game room and 2 bedrooms with a
jack-and-jill bathroom. Large extra space.. could make a
great private quarter. Oversized garage and workshop. Step out back
to your private oasis. Pool with water fountain. Many of the big
systems of the house have been recently upgraded.. new HVAC,
updated electrical, roof inspection, and pest control. Home is
ready for you to put your unique style in it.
Unit Size
5,066 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$163
Property Type
House
Property Taxes
$1,119
HOA Dues
$13
Year Built
1999
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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: 6 months ago (HAR #31377042)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2023 | Sold | ||
| Sold | |||
| Jun 13, 2023 | Listed by RE/MAX Elite Properties | $825,000 | |
| Listed by RE/MAX Elite Properties | |||
| | |||
|
Custom home located on 1.2 acres in Cimarron Country. The home is surrounded by mature trees and lush landscaping. You enter a double-wide driveway that bends to a circular drive. The first floor boasts crown molding, a fireplace, a closet that could be a wine room, wanes coating, builtins in the office, an oversized laundry room, claw foot tub in the Primary suite to name a few. Walk up the winding staircase to a game room and 2 bedrooms with a jack-and-jill bathroom. Large extra space.. could make a great private quarter. Oversized garage and workshop. Step out back to your private oasis. Pool with water fountain. Many of the big systems of the house have been recently upgraded.. new HVAC, updated electrical, roof inspection, and pest control. Home is ready for you to put your unique style in it.
| |||
| Feb 15, 2019 | No longer available | - | |
| No longer available | |||
| Jan 21, 2019 | No longer available | - | |
| No longer available | |||
| Jan 3, 2019 | Listed by Keller Williams - The Woodlands | $590,000 | |
| Listed by Keller Williams - The Woodlands | |||
| | |||
|
Beautiful stately home on over an acre lot in Cimarron Country. Gorgeous grounds w/ fenced yard & gated circular driveway. Covered front porch & balcony. Private backyard w/ sparkling pool, covered patio & pergola perfect for entertaining! Separate first floor guest quarters w/ its own private entry includes a living area, bedroom & bathroom. The first floor also features gorgeous hardwood flooring, formal dining room, large family room w/ fireplace open to kitchen & breakfast, enclosed study w/ built in desk & shelving, breakfast room, bright kitchen w/ two sinks, stainless appliances & corian countertops, huge master bedroom & bath w/ dual sinks, clawfoot tub, separate shower & large closet w/ shelving, large utility room w/ sink & storage. Downstairs gameroom/flex room off of kitchen. Staircase by breakfast room leads to a separate media room. The upstairs features a large gameroom, two huge bedrooms with en-suite baths, & spiral staircase leading to third floor loft. A must see! The manager has listed the unit size as 5120 square feet.
| |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed On
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HOA + Taxes
About Cimarron Country
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Listed by: Colleen Pye, RE/MAX Elite Properties
Last Updated: 6 months ago
Data Source: HAR , MLS# 31377042
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Last Updated: 6 months ago
Data Source: HAR , MLS# 31377042
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