$725,000 Last Listed Price
●
House -
Off Market
672 River Road
Montgomery, TX 77356
3 Beds
3 Baths
2,500 Ft²
$726,216
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
*HIGHEST AND BEST OFFERS DUE 5/21/23 - SELLER WILL REVIEW AND
RESPOND MONDAY* - RARE OPPORTUNITY on Lake Conroe! FEEL LIKE YOU
ARE ON VACATION EVERY DAY! This WIDE OPEN WATERFRONT property .75
ACRE with LOTS of TREES is gorgeous! NO RESTRICTIONS so enjoy your
lake oasis or use it as a rental property. Either way, you'll love
the VIEW, the PEACE, the QUIET, and the LARGE WOODED LOT. You have
a beautiful tree lined drive up to your driveway, and then a tree
lined meandering driveway to your lake house. The large backyard
ends with a nice boat house with TWO slips, and WIDE OPEN water.
Inside, you have a large open living space that overlooks the
backyard and lake, and 3 full bedrooms, 3 full baths, and a BONUS
room that could be a game room, another bedroom, or whatever you
need it to be. NO HOA, and low taxes! This property is in back of
Walden, but not a part of Walden so you have the luxury of the area
without the costs. You are close to all the amenities you'll need.
Unit Size
2,500 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$290
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
1974
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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 #73498156)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2023 | Sold | ||
| Sold | |||
| May 19, 2023 | Listed by Lake Homes Realty, LLC | $725,000 | |
| Listed by Lake Homes Realty, LLC | |||
| | |||
|
*HIGHEST AND BEST OFFERS DUE 5/21/23 - SELLER WILL REVIEW AND RESPOND MONDAY* - RARE OPPORTUNITY on Lake Conroe! FEEL LIKE YOU ARE ON VACATION EVERY DAY! This WIDE OPEN WATERFRONT property .75 ACRE with LOTS of TREES is gorgeous! NO RESTRICTIONS so enjoy your lake oasis or use it as a rental property. Either way, you'll love the VIEW, the PEACE, the QUIET, and the LARGE WOODED LOT. You have a beautiful tree lined drive up to your driveway, and then a tree lined meandering driveway to your lake house. The large backyard ends with a nice boat house with TWO slips, and WIDE OPEN water. Inside, you have a large open living space that overlooks the backyard and lake, and 3 full bedrooms, 3 full baths, and a BONUS room that could be a game room, another bedroom, or whatever you need it to be. NO HOA, and low taxes! This property is in back of Walden, but not a part of Walden so you have the luxury of the area without the costs. You are close to all the amenities you'll need.
| |||
Property Highlights
Garage
With View
Fireplace
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
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Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Montgomery
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Listed by: Michael Goins, Lake Homes Realty, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 73498156
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Last Updated: 5 months ago
Data Source: HAR , MLS# 73498156
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