$200,000 Last Listed Price
●
House -
Off Market
489 County Road 2859
Cleveland, TX 77327
2 Beds
2 Baths
1,218 Ft²
$993
Est. Monthly
About This Property
Absolutely Fabulous!! 2 HOMES FOR THE PRICE OF 1! Lakefront living
at it's finest in this beautiful 2-home waterfront property on
Horseshoe Lake. A total of 1,300 sq ft of living space on a
16,204 sq ft lot. Put your phones away, bring a pole and fish off
one of the 2 docks or take in the views from your boat or kayak and
get back to nature. The Main Cottage has 2 bedrooms and 2 FULL
bathrooms with 255 additional square feet of screened-in porch.
Enjoy dining al fresco or make S'mores around the firepit. The
second cottage is a 336 sq ft (per survey) open concept kitchen and
bedroom. Beadboard walls, white cabinets, wood trim and crisp clean
lines are found throughout both homes. Washer and dryer connections
and updated electrical & plumbing in both homes and each home has
its own septic. Current seller uses 2 bedroom/2 bath home as
Airbnb and income generated has covered the cost of both
properties. Hurry! Purchase now and own this great opportunity for
the start of spring!
Unit Size
1,218 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$164
Property Type
House
Property Taxes
$10
HOA Dues
-
Year Built
1975
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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 #94142809)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Feb 20, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - | $200,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - | |||
| | |||
|
Absolutely Fabulous!! 2 HOMES FOR THE PRICE OF 1! Lakefront living at it's finest in this beautiful 2-home waterfront property on Horseshoe Lake. A total of 1,300 sq ft of living space on a 16,204 sq ft lot. Put your phones away, bring a pole and fish off one of the 2 docks or take in the views from your boat or kayak and get back to nature. The Main Cottage has 2 bedrooms and 2 FULL bathrooms with 255 additional square feet of screened-in porch. Enjoy dining al fresco or make S'mores around the firepit. The second cottage is a 336 sq ft (per survey) open concept kitchen and bedroom. Beadboard walls, white cabinets, wood trim and crisp clean lines are found throughout both homes. Washer and dryer connections and updated electrical & plumbing in both homes and each home has its own septic. Current seller uses 2 bedroom/2 bath home as Airbnb and income generated has covered the cost of both properties. Hurry! Purchase now and own this great opportunity for the start of spring!
| |||
| Feb 17, 2024 | In contract | - | |
| In contract | |||
| Feb 7, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - | $200,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - | |||
| | |||
|
Absolutely Fabulous!! 2 HOMES FOR THE PRICE OF 1! Lakefront living at it's finest in this beautiful 2-home waterfront property on Horseshoe Lake. A total of 1,300 sq ft of living space on a 16,204 sq ft lot. Put your phones away, bring a pole and fish off one of the 2 docks or take in the views from your boat or kayak and get back to nature. The Main Cottage has 2 bedrooms and 2 FULL bathrooms with 255 additional square feet of screened-in porch. Enjoy dining al fresco or make S'mores around the firepit. The second cottage is a 336 sq ft (per survey) open concept kitchen and bedroom. Beadboard walls, white cabinets, wood trim and crisp clean lines are found throughout both homes. Washer and dryer connections and updated electrical & plumbing in both homes and each home has its own septic. Current seller uses 2 bedroom/2 bath home as Airbnb and income generated has covered the cost of both properties. Hurry! Purchase now and own this great opportunity for the start of spring!
| |||
| May 21, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Liberty
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Listed by: Moira Holden, Better Homes and Gardens Real Estate Gary Greene -
Last Updated: 4 months ago
Data Source: HAR , MLS# 94142809
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Last Updated: 4 months ago
Data Source: HAR , MLS# 94142809
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