$485,000
●
Land -
Off Market
561 Spears Ranch RD
Jarrell, TX 76537
Studio
0 Bath
$2,955
Est. Monthly
$550
HOA / Fees
About This Property
Welcome to the prestigious Spears Ranch where your blank canvas
awaits you for your dream home! The Spears ranch community boasts
having 10 miles of hiking by foot or by horseback, a covered
pavilion with a fireplace, picnic tables, gated access, and the HOA
covers the wildlife management plan to keep your ag exemption in
place. This lot boasts an ample amount of trees allowing you to
carve out your secluded home site. The owners have dug a pond and
installed a 1,000' road for access. Also has a metal carport for
storage. Has electricity connected.
Unit Size
-
Days on Market
-
Land Size
19.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$23
HOA Dues
$550
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: 3 years ago (Unlock MLS #ACT7726208)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Price Decreased |
$485,000
↓ $110K
(18.5%) | |
| Price Decreased | |||
| Apr 8, 2024 | Relisted | $595,000 | |
| Relisted | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 4, 2024 | Listed by Compass RE Texas, LLC | $595,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Welcome to the prestigious Spears Ranch where your blank canvas awaits you for your dream home! The Spears ranch community boasts having 10 miles of hiking by foot or by horseback, a covered pavilion with a fireplace, picnic tables, gated access, and the HOA covers the wildlife management plan to keep your ag exemption in place. This lot boasts an ample amount of trees allowing you to carve out your secluded home site. The owners have dug a pond and installed a 1,000' road for access. Also has a metal carport for storage. Has electricity connected.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Williamson
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Listed by: Reese Phillips
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-05-31 18:47:41
Data Source: Unlock MLS, MLS# ACT7726208
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2024-05-31 18:47:41
Data Source: Unlock MLS, MLS# ACT7726208
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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