46
Map
$470,000
↓ $5K (1.1%)
●
House -
For Sale
7261 Forest Hills Drive
Montgomery, TX 77316
2 Beds
1 Bath
740 Ft²
$2,575
Est. Monthly
About This Property
Unrestricted acreage w/ room to grow-this unique cabin sits on 3
lots totaling just under 5 acres in Forest Hills in Montgomery.
Private, usable land w/ infrastructure already in place makes this
an excellent setup for full-time living, weekend use or future
expansion. Inside, you'll find 1 bedroom w/ a large walk-in closet
& a flex space suitable for a 2nd bedroom upstairs w/ all common
living spaces & a full bath down. The layout is efficient and well
thought out w/ stackable washer & dryer hookups already in place.
The property is fully unrestricted & equipped w/ 2 electric
meters-one serving the cabin and one dedicated for an RV (or future
homesite) and the well. The insulated well house features a
200-gallon storage tank with a well drilled approximately 440 feet
deep. The house has never flooded and a Powerstroke generator and
tractor convey. Build new, bring animals or park addl
equipment-this is a rare opportunity with flexibility, utilities in
place & room to make it your own.
Unit Size
740 Ft²
Days on Market
-
Land Size
4.89 acres
Price per sqft
$635
Property Type
House
Property Taxes
$267
HOA Dues
-
Year Built
-
Listed By
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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 months ago (HAR #65749174)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2026 | Price Decreased |
$470,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Apr 30, 2026 | Price Decreased |
$475,000
↓ $25K
(5%) | |
| Price Decreased | |||
| Feb 17, 2026 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Jan 23, 2026 | Listed by Top Guns Realty on Lake Conroe | $550,000 | |
| Listed by Top Guns Realty on Lake Conroe | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: No Garage, Additional Parking, Boat, RV Access/Parking
Interior Details
Full Bathrooms: 1
Interior Features: All Bedrooms Up, Sitting Area, Walk-In Closet(s)
Appliances: Refrigerator, Gas Oven, Microwave, Gas Range
Flooring Type: Tile, Vinyl Plank
Laundry Features: Electric Dryer Hookup, Washer Hookup
Exterior Details
Square Footage: 740
Architectural Style: Farmhouse, Traditional
Year Built: 2016
Building Area Total: 740
Other Structures: Shed(s), Workshop
Window Features: Window Coverings
Construction Materials: Wood Siding
Patio and Porch Features: Covered, Patio, Porch
Lot Features: Back Yard, Other, Subdivided, 2 Up to 5 Acres
Lot Size Area: 4.89
Lot Size Units: Acres
Lot Size Acres: 4.89
Lot Size Square Feet: 213008.4
Lot Size Dimensions: 301 x 676
Water Source: Well
Financial Details
Tax Annual Amount: $3,200
Utilities Details
Cooling Type: Other, Window Unit(s)
Heating Type: Other, Propane
Sewer : Aerobic Septic
Comparables
Unit
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 Forest Hills
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Evan Ballew, Top Guns Realty on Lake Conroe
Last Updated: 3 months ago
Data Source: HAR , MLS# 65749174
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Last Updated: 3 months ago
Data Source: HAR , MLS# 65749174
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