5262 Katie Lane
About This Property
AT LAST a READY to Build home site on Lake Gilmer!
Build the home of your dreams on this completed lakefront pad with unbelievable views.
The survey has already been completed and there is a 5100 sq. ft. home plan that can be available upon request. Boat launching area not far away.
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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 |
|---|---|---|---|
| Oct 31, 2023 | No longer available | - | |
| No longer available | |||
| Oct 25, 2023 | Sold | ||
| Sold | |||
| Jun 21, 2023 | Listed by Texas Real Estate Executives | $225,000 | |
| Listed by Texas Real Estate Executives | |||
| Apr 15, 2023 | Listed by GilmerDaingerfieldGladewater | $225,000 | |
| Listed by GilmerDaingerfieldGladewater | |||
| | |||
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At last a ready to build home site on Lake Gilmer. Build the home of your dreams on this completed lakefront pad with an unbelievable view. Building restrictions have been placed on the land to maintain the integrity of the subdivision. The survey has been completed and there is a 4100 square foot house plan available upon request. The owner is willing to divide the property into two separate lots and sell them off as two lots, but would like to keep them together if possible. The price would be determined based on the division of the two lots.
| |||
| Apr 5, 2023 | Price Decreased |
$225,000
↓ $24K
(9.6%) | |
| Price Decreased | |||
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Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 20362108
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017