$400,000 Last Listed Price
●
House -
Off Market
422 Laura Lane
Conroe, TX 77385
6 Beds
4 Baths,
1
Half Bath
5,615 Ft²
$397,505
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
This very SPACIOUS home is one of a kind! Plenty of room for a
large group and guests. The main floor features a formal living
room, formal dining room, family room with a fireplace, kitchen
with an island, a laundry room, a powder room too. First floor
apartment/Mother-In-Law Suite has living, dining, kitchen, 2
bedrooms and bath. The primary suite has a walk-in closet,
bathroom with tub & separate shower and extensive sitting area
perfect for a home office. The second floor has three more
bedrooms, and another full bathroom. There are two LARGE game rooms
with a full bath. The house also has an attached oversized 2 car
garage. The private backyard has a pool. Easy access to I45 and
everything The Woodlands has to offer. Both the apartment and game
room areas have separate access so the possibilities are
endless...home based business, rental income.... No HOA and low tax
rate too! Being sold as-is.
Unit Size
5,615 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$71
Property Type
House
Property Taxes
$771
HOA Dues
-
Year Built
1983
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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 #5289828)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| May 5, 2024 | In contract | - | |
| In contract | |||
| Mar 23, 2024 | Listed by RE/MAX The Woodlands & Spring | $639,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
| | |||
|
Welcome to the biggest and most impressive house in Oak Ridge North! Conveniently located moments from The Woodlands, this stunning 5690 sqft residence has been meticulously renovated to offer the ultimate blend of style, comfort, and functionality. The gourmet kitchen features stainless steel appliances, all new cabinetry with quartz countertops. Two luxurious master suites are featured where tranquility awaits. Master bathroom includes a spa-like feel featuring a soaking tub, oversized shower with double shower heads and dual sink vanity. Expansive mother-in-law suite, can function as its own private apartment with 2 bedrooms, bathroom, living area, and its own second kitchen overlooking the pool. This versatile space offers endless possibilities for guests, family, or even rental income. Award winning CISD schools. New windows, exterior doors, HVACs, furnaces, ducts, and even new roof with transferrable warranty. All of this provides efficient and low cost per sqft utility bills.
| |||
| Mar 15, 2024 | No longer available | - | |
| No longer available | |||
| Mar 9, 2024 | Price Decreased |
$799,000
↓ $31K
(3.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Oak Ridge North
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Listed by: Diane Jacob, eXp Realty LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 5289828
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Last Updated: 4 months ago
Data Source: HAR , MLS# 5289828
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