$1,000,000 Last Listed Price
●
House -
Off Market
5706 Morton Road
Katy, TX 77493
3 Beds
2 Baths,
1
Half Bath
2,684 Ft²
$1,040,039
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
This stunning residential property boasts SEVEN sprawling acres
with a 3 bedroom, 2.5 bathroom home with an attached 2 car garage
located in the heart of Katy, TX. Mature shade trees, pond,
expertly maintained yard, paved driveway and large workshop are all
added amenities! A backyard in-ground pool with a hot tub and
expansive covered patio optimized outdoor living. The property is
fully fenced and has an additional paved area for a boat, RV,
parking or a basketball court. There is PLENTY of green space for a
playscape, garden or fire pit and is perfect for pets (large and
small) and children! Inside the home you'll find tile and hardwood
flooring, arched case openings, fireplace and sprawling windows for
ample amounts of natural lighting. Chef's kitchen with cooktop
island & dry bar. Luxe primary suite with large ensuite bathroom.
Two large guest rooms. Curb appeal is A+ with a traditional red
brick exterior and wrought iron gated entrance. Zoned to Katy ISD.
Easy access to i10 & 99.
Unit Size
2,684 Ft²
Days on Market
-
Land Size
7.00 acres
Price per sqft
$373
Property Type
House
Property Taxes
$1,252
HOA Dues
-
Year Built
1998
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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 #3166966)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2022 | Sold | ||
| Sold | |||
| May 20, 2022 | Listed by Keller Williams Premier RealtyKaty | $1,000,000 | |
| Listed by Keller Williams Premier RealtyKaty | |||
| | |||
|
This stunning residential property boasts SEVEN sprawling acres with a 3 bedroom, 2.5 bathroom home with an attached 2 car garage located in the heart of Katy, TX. Mature shade trees, pond, expertly maintained yard, paved driveway and large workshop are all added amenities! A backyard in-ground pool with a hot tub and expansive covered patio optimized outdoor living. The property is fully fenced and has an additional paved area for a boat, RV, parking or a basketball court. There is PLENTY of green space for a playscape, garden or fire pit and is perfect for pets (large and small) and children! Inside the home you’ll find tile and hardwood flooring, arched case openings, fireplace and sprawling windows for ample amounts of natural lighting. Chef's kitchen with cooktop island & dry bar. Luxe primary suite with large ensuite bathroom. Two large guest rooms. Curb appeal is A+ with a traditional red brick exterior and wrought iron gated entrance. Zoned to Katy ISD. Easy access to i10 & 99.
| |||
Property Highlights
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Katy
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Listed by: Jennifer Francois, Keller Williams Premier RealtyKaty
Last Updated: 5 months ago
Data Source: HAR , MLS# 3166966
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Last Updated: 5 months ago
Data Source: HAR , MLS# 3166966
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