$95,000 Last Listed Price
●
Land -
Off Market
5526 Silent Timber Path Lane
Spring, TX 77386
Studio
0 Bath
$127,033
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model
About This Property
One of the last remaining lots in The Reserve section of Benders
Landing Estates. This beautiful lot backs to a permanent greenbelt
reserve and is just over 1/2 an acre! The Reserve section has low
tax rates, no MUD tax and no septic (public water and sewer)! Per
the seller, this lot and homes on either side have never flooded.
Per Deed Restrictions for The Reserve section, homes built on this
lot should have a minimum of 2,600 square feet. See
Covenants, Conditions & Restrictions in attachments for further
details. Residents in the Estates have access to the Clubhouse
which houses a workout facility, banquet room, large pool with
splash pad, as well as sports complex featuring basketball & tennis
courts & a baseball complex. Zoned to top rated schools and with
easy access to nearby retail & restaurants, the Grand Parkway,
Hardy Toll Rd & I-45, this is the perfect place to build your dream
home!
Unit Size
-
Days on Market
-
Land Size
0.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$122
HOA Dues
$88
Year Built
-
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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: 5 months ago (HAR #41148128)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2020 | Sold | ||
| Sold | |||
| Sep 3, 2020 | Listed by Compass Re Texas, LLC | $95,000 | |
| Listed by Compass Re Texas, LLC | |||
| | |||
|
One of the last remaining lots in The Reserve section of Benders Landing Estates. This beautiful lot backs to a permanent greenbelt reserve and is just over 1/2 an acre! The Reserve section has low tax rates, no MUD tax and no septic (public water and sewer)! Per the seller, this lot and homes on either side have never flooded. Per Deed Restrictions for The Reserve section, homes built on this lot should have a minimum of 2,600 square feet. See Covenants, Conditions & Restrictions in attachments for further details. Residents in the Estates have access to the Clubhouse which houses a workout facility, banquet room, large pool with splash pad, as well as sports complex featuring basketball & tennis courts & a baseball complex. Zoned to top rated schools and with easy access to nearby retail & restaurants, the Grand Parkway, Hardy Toll Rd & I-45, this is the perfect place to build your dream home!
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Closing Price
Sold On
Sold On
HOA + Taxes
About Benders Landing Estates
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Listed by: Emily Braud, Compass Re Texas, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 41148128
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Last Updated: 5 months ago
Data Source: HAR , MLS# 41148128
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