$575,000 Last Listed Price
●
House -
Off Market
4702 Magnolia Summit Lane
Katy, TX 77494
3 Beds
3 Baths,
1
Half Bath
3,206 Ft²
$3,910
Est. Monthly
$119
HOA / Fees
About This Property
Incredible David Weekley one story home featured in the exclusive
Ashfield Gardens community of Cinco Ranch! This KatyISD home has
numerous upgrades including plantation shutters, indoor and outdoor
gas fireplaces, wine grotto, butler's pantry, and a large kitchen
that is an entertainer's dream. The high ceilings and large windows
allow natural light to pour into the home. You'll delight in the
oversized shower area of the expansive primary bath with two
separate shower heads - your own personal spa! In addition the home
has 3 separate patio areas and a 3 car tandem garage with a
dedicated outlet for an electric vehicle. Don't miss the stairs in
the garage leading to the Texas Basement with a generous storage
area. The neighborhood also has its own exclusive community center
with fitness facilities and weekly social events for residents
along with the other amenities that Cinco Ranch has to offer.
Schedule your private tour today and don't miss out on the home
you'll fall in love with!
Unit Size
3,206 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$179
Property Type
House
Property Taxes
$967
HOA Dues
$119
Year Built
2012
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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: 5 months ago (HAR #19318435)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 16, 2024 | No longer available | - | |
| No longer available | |||
| Nov 15, 2024 | Listed by CB&A, Realtors-Katy | $575,000 | |
| Listed by CB&A, Realtors-Katy | |||
| | |||
|
Incredible David Weekley one story home featured in the exclusive Ashfield Gardens community of Cinco Ranch! This KatyISD home has numerous upgrades including plantation shutters, indoor and outdoor gas fireplaces, wine grotto, butler's pantry, and a large kitchen that is an entertainer's dream. The high ceilings and large windows allow natural light to pour into the home. You'll delight in the oversized shower area of the expansive primary bath with two separate shower heads - your own personal spa! In addition the home has 3 separate patio areas and a 3 car tandem garage with a dedicated outlet for an electric vehicle. Don't miss the stairs in the garage leading to the Texas Basement with a generous storage area. The neighborhood also has its own exclusive community center with fitness facilities and weekly social events for residents along with the other amenities that Cinco Ranch has to offer. Schedule your private tour today and don't miss out on the home you'll fall in love with!
| |||
| Oct 3, 2024 | Price Decreased |
$585,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
Show More
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Fort Bend
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Listed by: Joseph Garcia, CB&A, Realtors-Katy
Last Updated: 5 months ago
Data Source: HAR , MLS# 19318435
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Last Updated: 5 months ago
Data Source: HAR , MLS# 19318435
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