$410,000
●
Condo -
Off Market
551 TERMINAL LOOP RD #D1
McQueeney, TX 78123
2 Beds
2 Baths
905 Ft²
$424,742
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Opportunity to own in the only condo development on Lake McQueeney
RIGHT ON THE WATER!! - Condo unit NOT in flood plain!! Boat
slip, 2 covered parking spaces, storage unit. Gated, secured
access. Just a quick boat ride to The Lodge. Views from unit
look out onto the pool and lake. Updates in last few years:
Interior plumbing pipes, A/C, water heater, totally renovated
kitchen W/Hickory cabs, granite counters in kit & baths, stainless
appliances, stainless sink, washer/dryer. Tile flooring
throughout. Lots of stg in kit, master BR & master bath.
Mirrored dining wall, stone wall & fireplace.
Plantation shutters throughout. Units seldom become available
in this sought after condo complex. Furnishings are
negotiable. Boat slip is #11, parking space #s are 23
and 24 and storage unit is #17. SHORT TERM RENTALS ARE NOT
ALLOWED. THE MINIMUM LEASE PERIOD IS 3 MONTHS.
Unit Size
905 Ft²
Days on Market
-
Land Size
-
Price per sqft
$463
Property Type
Condo
Property Taxes
$276
HOA Dues
$225
Year Built
1972
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Cap Rate Calculator
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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: 6 months ago (LERA #1584189)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 6, 2022 | Sold | ||
| Sold | |||
| Jan 30, 2022 | Listed by RE/MAX Associates | $419,000 | |
| Listed by RE/MAX Associates | |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Full Bathrooms: 2
Interior Features: Chandelier
Appliances: Washer, Dryer, Refrigerator, Disposal, Dishwasher, Vented Exhaust Fan, Electric Water Heater, Washer Connection, Dryer Connection, Stacked W/D Connection, Stacked Washer/Dryer, Self-Cleaning Oven, Stove/Range, Ice Maker Connection, Smooth Cooktop
Flooring Type: Ceramic Tile
Fireplace Features: Living Room, Wood Burning, One
Exterior Details
Has Property Attached
Square Footage: 905
Security Features: Smoke Detector(s)
Property Condition: Pre-Owned
Year Built: 1972
Builder Name: McCombs
Levels: 1
Construction Materials: Other, Siding
Financial Details
Tax Annual Amount: $3,315
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Location Details
HOA Fee: $225
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/06/2026
|
3 Bed
|
2 Bath
|
1520 ft²
|
$555,000
3 Bed
2 Bath
1520 ft²
|
$515,000
-7.21%
01/06/2026
|
Heath Anders
Anders Pierce Realty, LLC
| |
|
05/30/2025
|
2 Bed
|
2 Bath
|
905 ft²
|
$424,900
2 Bed
2 Bath
905 ft²
|
$397,000
-6.57%
07/29/2025
|
Frank Baker
Keller Williams New Braunfels
| |
|
03/01/2024
|
2 Bed
|
2 Bath
|
905 ft²
|
$383,900
2 Bed
2 Bath
905 ft²
|
-
-
|
Chad Johnson
Keller Williams - Heritage
| |
|
10/20/2023
|
2 Bed
|
2 Bath
|
905 ft²
|
$383,900
2 Bed
2 Bath
905 ft²
|
-
-
|
Chad Johnson
Keller Williams - Heritage
| |
|
05/19/2023
| |
2 Bed
|
2 Bath
|
905 ft²
|
$349,900
2 Bed
2 Bath
905 ft²
|
$325,000
-7.12%
05/19/2023
|
Travis Shaw
Travis Shaw Realty
|
|
05/16/2023
|
2 Bed
|
2 Bath
|
905 ft²
|
$425,000
2 Bed
2 Bath
905 ft²
|
-
-
|
Holly Coates
Travis Shaw Realty
| |
|
05/15/2023
|
2 Bed
|
2 Bath
|
905 ft²
|
$425,000
2 Bed
2 Bath
905 ft²
|
-
-
|
Holly Coates
Travis Shaw Realty
| |
|
01/30/2022
|
2 Bed
|
2 Bath
|
905 ft²
|
$419,000
2 Bed
2 Bath
905 ft²
|
$410,000
-2.15%
04/06/2022
|
Janie Thelen
RE/MAX Associates
| |
|
04/07/2021
| |
2 Bed
|
2 Bath
|
905 ft²
|
$299,500
2 Bed
2 Bath
905 ft²
|
-
-
|
-
|
|
09/24/2007
|
3 Bed
|
2 Bath
|
1520 ft²
|
$240,000
3 Bed
2 Bath
1520 ft²
|
$228,000
-5.00%
05/09/2008
|
Kendra Wray
Keller Williams - Heritage
| |
|
10/30/2006
|
2 Bed
|
2 Bath
|
905 ft²
|
$169,000
2 Bed
2 Bath
905 ft²
|
$169,000
08/31/2007
|
Kendra Wray
Keller Williams - Heritage
|
Building Info
About McQueeney
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Listed by: Janie Thelen, RE/MAX Associates
Last Updated: 6 months ago
Data Source: LERA, MLS# 1584189
Last Updated: 6 months ago
Data Source: LERA, MLS# 1584189
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