4241 Tea Olive Trail
About This Property
See supplements for community plans and specs as well as community plat and most recent pricing. Reach out for the latest availability and let us show you what CUSTOM LUXURY was meant to be. Don't miss this one of a kind opportunity; schedule a tour and initial consultation today!
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2024 | Listed by Keller Williams Realty | $165,000 | |
| Listed by Keller Williams Realty | |||
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Please contact me about builder options!! This is a premium lot in Azalea Hollow. This is an incredible lot to build your dream home. This property has many trees that the developers left to create an established feel in the neighborhood. It also has a swath of trees behind that the property that create a natural and dense barrier between the backyard and the walking trail and common area. No backyard neighbors - EVER. With a full acre, this is one of the premium lots in Azalea Hollow. Large enough to encompass your dream home, pool, outdoor kitchen and even a Casita for parents, older children or over flow guests. Are you ready to make your dreams a reality? Let's do it!
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| May 25, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 1, 2022 | Listed by Hale Brokerage, Llc | $169,000 | |
| Listed by Hale Brokerage, Llc | |||
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Welcome to 4241 Tea Olive Trail in Midlothian, Texas! Tired of builders mowing down all of the trees? Us too! This prime one acre lot is one of the largest and most tree FILLED lots left in the premier community of Azalea Hollow. There will be no choosing from 4-5 standard builder floor plans here……design and build your 100% CUSTOM dream home. From floorplan, to colors, to finishes, to landscaping, you choose it all! Award winning schools, fantastic community feel, and your dream home….what more could you ask for?! Schedule a tour today!
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Property Highlights
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Price/ft²
Listed On
Sold On
About Glenn Heights
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,100 /mo
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$2,495 /mo
- 4 Beds
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14567554
Details provided by NTREIS and may not match the public record
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