$344,900 Last Listed Price
●
House -
Off Market
506 Bayview Drive
El Lago, TX 77586
3 Beds
2 Baths,
1
Half Bath
2,319 Ft²
$360,374
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
AN ANSWER TO YOUR PRAYERS - Welcome Home! You will love this
Meticulous Ranch Style home with Cottage-Like feel in highly
desirable El Lago.During your tour, you will want to stop, sit &
savor this large yet warm and cozy great room with brick fireplace
& wall to wall hearth.The ceiling beams & mantle have been recently
restored and add so much, not to mention fresh designer paint in
every room.This 3 bedroom,2.5 bathrooms, and both formals -
separated with a barn door.The dining room could easily be
converted to a 4th bedroom or office.You will enjoy no carpet and
engineered wood floors throughout.The cooks kitchen features quartz
countertops,recent dishwasher & extensive built-ins in the
breakfast area with custom fronts.The outside highlights a parklike
yard with new fence and expanded patio.The backyard new fence gate
opens to the 5 acre neighborhood amenities as if it is your very
own recreational venue with Park,Playground,Swimming Pool,Tennis
Courts,Baseball Diamond & Clubhouse.
Unit Size
2,319 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$149
Property Type
House
Property Taxes
$642
HOA Dues
$6
Year Built
1966
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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 #29438212)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2023 | Sold | ||
| Sold | |||
| Jan 19, 2023 | Listed by Real Estate Connection Int | $344,900 | |
| Listed by Real Estate Connection Int | |||
| Sep 16, 2021 | Sold | ||
| Sold | |||
| Jul 15, 2021 | Listed by Martha Turner Sotheby's | $315,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
This property is a quaint one story home situated in the heart of El Lago Estates backing up to the park. Complete with three bedrooms and two baths, a family room, a formal living room and dining room which could easily be converted to be a fourth bedroom or office, engineered wood floors throughout, and quartz countertops. This home is located near Taylor Lake, and in close proximity to great restaurants and activities. This property is sure to impress! Schedule your showing today!
| |||
Property Highlights
Garage
Fireplace
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
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ft²
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Sold On
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About El Lago
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Lisa Kurrass, Real Estate Connection Int
Last Updated: 4 months ago
Data Source: HAR , MLS# 29438212
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Last Updated: 4 months ago
Data Source: HAR , MLS# 29438212
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