514 Mill Creek Road
About This Property
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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 |
|---|---|---|---|
| Nov 30, 2023 | Sold | ||
| Sold | |||
| Oct 12, 2023 | Listed by Keller Williams Professionals | $1,100,000 | |
| Listed by Keller Williams Professionals | |||
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514 Mill Creek Rd is a stunning lakeside retreat nestled within the secure confines of the prestigious gated Woodtrace community. This exquisite property offers an unparalleled living experience, combining elegance, comfort, and natural beauty in one splendid package. This home boasts unrivaled waterfront views that will enchant you from sunrise to sunset. With four generously-sized bedrooms (two bedrooms down) and three and a half baths, this home provides ample space for both relaxation and entertainment. The open floor plan seamlessly connects the living areas, creating a sense of flow and cohesion that is perfect for family gatherings and social events. Movie nights and binge-watching sessions reach a new level of enjoyment in the dedicated media room. The large lot features a charming internal courtyard that is a true oasis of tranquility. Landscaped with meticulous care, it offers a beautiful backdrop including a pool for all your outdoor activities. Tomball Exemplary Schools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017