$434,900 Last Listed Price
●
House -
Off Market
74 Melrose Drive
Montgomery, TX 77356
4 Beds
3 Baths
2,939 Ft²
$497,717
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Beautifully appointed, one-story home located in Bentwater, one of
Lake Conroe's most sought after gated waterfront communities.
Stunning curb appeal with lush landscaping, majestic trees and
park-like setting. Open floor plan with large rooms that flow from
one to the other, perfect for entertaining family and friends.
Features include formal dining room, private study, rotunda,
breakfast nook, gourmet island kitchen, rich wood cabinets and
oversized tile flooring. Family room has a vaulted ceiling and a
wall of windows around a cozy fireplace. Luxurious master suite
with spa-like bathroom features granite countertops, dual vanities,
jetted tub, walk in shower and enormous closet. Remaining bedrooms
are large and situated to offer maximum privacy. Covered porch
across the back of the home is fantastic for outside relaxation.
This home is move-in ready. Full Country Club Membership is
available for transfer. If you want quality finish work, attention
to detail, this is a must-see!
Unit Size
2,939 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$148
Property Type
House
Property Taxes
$632
HOA Dues
$91
Year Built
2007
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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: 4 months ago (HAR #24216510)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2021 | Sold | ||
| Sold | |||
| Jul 16, 2021 | Listed by Compass Re Texas, LLC | $434,900 | |
| Listed by Compass Re Texas, LLC | |||
| | |||
|
Beautifully appointed, one-story home located in Bentwater, one of Lake Conroe's most sought after gated waterfront communities. Stunning curb appeal with lush landscaping, majestic trees and park-like setting. Open floor plan with large rooms that flow from one to the other, perfect for entertaining family and friends. Features include formal dining room, private study, rotunda, breakfast nook, gourmet island kitchen, rich wood cabinets and oversized tile flooring. Family room has a vaulted ceiling and a wall of windows around a cozy fireplace. Luxurious master suite with spa-like bathroom features granite countertops, dual vanities, jetted tub, walk in shower and enormous closet. Remaining bedrooms are large and situated to offer maximum privacy. Covered porch across the back of the home is fantastic for outside relaxation. This home is move-in ready. Full Country Club Membership is available for transfer. If you want quality finish work, attention to detail, this is a must-see!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Bentwater
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Listed by: William Phillips, Compass Re Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 24216510
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Last Updated: 4 months ago
Data Source: HAR , MLS# 24216510
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