$22,500 Last Listed Price
●
Land -
Off Market
Lots 668/669 Wolf Run Street
Somerville, TX 77863
Studio
0 Bath
$111
Est. Monthly
About This Property
Just a stone's throw from Lake Somerville, these two prime tracts
of land have undergone partial clearing, making it an ideal canvas
for your weekend retreat or dream home. Welcome to Somerville
Place, where you can experience the best community living amidst
the area's natural beauty. Somerville Place offers a host of
amenities to enrich your lifestyle. Enjoy the convenience of
community water and a charming pavilion for gatherings. This
versatile property welcomes your creativity and aspirations for
your dream home. The second PID is 24011 - SOMERVILLE PLACE LOT 668
0.1148 ACRES.
Unit Size
-
Days on Market
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Land Size
0.23 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Cap Rate Calculator
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Monthly Rental Income
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Expenses Per Year
Operating Profit Per Year
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: 4 months ago (HAR #83765765)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 22, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | No longer available | - | |
| No longer available | |||
| Oct 19, 2023 | Listed by Oro Realty | $22,500 | |
| Listed by Oro Realty | |||
| | |||
|
Just a stone's throw from Lake Somerville, these two prime tracts of land have undergone partial clearing, making it an ideal canvas for your weekend retreat or dream home. Welcome to Somerville Place, where you can experience the best community living amidst the area's natural beauty. Somerville Place offers a host of amenities to enrich your lifestyle. Enjoy the convenience of community water and a charming pavilion for gatherings. This versatile property welcomes your creativity and aspirations for your dream home. The second PID is 24011 - SOMERVILLE PLACE LOT 668 0.1148 ACRES.
| |||
| Oct 2, 2023 | Listed by Oro Realty | $22,500 | |
| Listed by Oro Realty | |||
| | |||
|
Just a stone's throw from Lake Somerville, these two prime tracts of land have undergone partial clearing, making it an ideal canvas for your weekend retreat or dream home. Welcome to Somerville Place, where you can experience the best community living amidst the area's natural beauty. Somerville Place offers a host of amenities to enrich your lifestyle. Enjoy the convenience of community water and a charming pavilion for gatherings. This versatile property welcomes your creativity and aspirations for your dream home. The second PID is 24011 - SOMERVILLE PLACE LOT 668 0.1148 ACRES.
| |||
| Feb 2, 2023 | No longer available | - | |
| No longer available | |||
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About Burleson
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Listed by: Kristen Orostieta, Oro Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 83765765
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Last Updated: 4 months ago
Data Source: HAR , MLS# 83765765
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