$99,500 Last Listed Price
●
House -
Off Market
500 Ash Lane
Somerville, TX 77879
2 Beds
1 Bath
924 Ft²
$556
Est. Monthly
$30
HOA / Fees
About This Property
Step into this charming vintage mobile home, artfully redesigned
inside, and offered fully furnished for your convenience. Step into
two cozy bedrooms and a beautifully updated bath. Nestled within a
tranquil Lake Somerville subdivision, enjoy the picturesque
surroundings, with neighboring Birch Creek State Park and an
inviting lake right at your fingertips. This community also boasts
a delightful pool, great for relaxing on sunny days. Complete with
practical additions like a convenient shed, a carport, and a fenced
area, this home epitomizes comfort and functionality. Situated in
the coveted Corp of Engineer lake area, enjoy residing in one of
the closest subdivisions to the stunning Lake Somerville-an ideal
retreat for those seeking a serene lakeside lifestyle.
V A Friendly
V A Friendly
Unit Size
924 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$108
Property Type
House
Property Taxes
$37
HOA Dues
$30
Year Built
1985
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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 #64670061)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2024 | Sold | ||
| Sold | |||
| Jul 6, 2024 | In contract | - | |
| In contract | |||
| May 16, 2024 | Listed by Oro Realty | $99,500 | |
| Listed by Oro Realty | |||
| | |||
|
Step into this charming vintage mobile home, artfully redesigned inside, and offered fully furnished for your convenience. Step into two cozy bedrooms and a beautifully updated bath. Nestled within a tranquil Lake Somerville subdivision, enjoy the picturesque surroundings, with neighboring Birch Creek State Park and an inviting lake right at your fingertips. This community also boasts a delightful pool, great for relaxing on sunny days. Complete with practical additions like a convenient shed, a carport, and a fenced area, this home epitomizes comfort and functionality. Situated in the coveted Corp of Engineer lake area, enjoy residing in one of the closest subdivisions to the stunning Lake Somerville—an ideal retreat for those seeking a serene lakeside lifestyle.
V A Friendly
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Burleson
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Listed by: Kristen Orostieta, Oro Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 64670061
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Last Updated: 4 months ago
Data Source: HAR , MLS# 64670061
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