$625,000 Last Listed Price
●
House -
Off Market
7435 Lorna Road
Montgomery, TX 77316
4 Beds
3 Baths,
1
Half Bath
3,862 Ft²
$760,045
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Amazing opportunity in Montgomery Trace. This 4 bdrm, 3.5 bth, 3
car AIR CONDITIONED garage plus a gameroom/office above the garage
sites on 3 acres. The home has an open floorplan, home office,
upstairs gameroom, beautiful formal dining, huge prim bedroom&
bath. Imagine soaking away the days stress in the tub. The
chef will love this kitchen with quartz counters As you look out
the wall of windows at this beautiful property you feel the
peacefulness of the setting, with over XXX number of fruit trees to
the left, a brand new chicken coup and plenty of room to the right
to add a pool. Enjoy grilling and sitting out on the
expansive stamped concrete patio. The adventurers will enjoy
exploring the front of the property with a small creek passing
through it. So much to love about this property. Be
sure to watch the virtual tour and ask for a list of
updates/upgrades a few are: A/C Unit, Tankless Water Heater, Water
Softener & RO, Master Bth remodel, Bosch Dishwasher, Patio
Extension
Unit Size
3,862 Ft²
Days on Market
-
Land Size
3.04 acres
Price per sqft
$162
Property Type
House
Property Taxes
$796
HOA Dues
$29
Year Built
2005
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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 #10102594)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 14, 2021 | Sold | ||
| Sold | |||
| Mar 2, 2021 | Listed by Resident Realty, Ltd | $625,000 | |
| Listed by Resident Realty, Ltd | |||
| | |||
|
Amazing opportunity in Montgomery Trace. This 4 bdrm, 3.5 bth, 3 car AIR CONDITIONED garage plus a gameroom/office above the garage sites on 3 acres. The home has an open floorplan, home office, upstairs gameroom, beautiful formal dining, huge prim bedroom& bath. Imagine soaking away the days stress in the tub. The chef will love this kitchen with quartz counters As you look out the wall of windows at this beautiful property you feel the peacefulness of the setting, with over XXX number of fruit trees to the left, a brand new chicken coup and plenty of room to the right to add a pool. Enjoy grilling and sitting out on the expansive stamped concrete patio. The adventurers will enjoy exploring the front of the property with a small creek passing through it. So much to love about this property. Be sure to watch the virtual tour and ask for a list of updates/upgrades a few are: A/C Unit, Tankless Water Heater, Water Softener & RO, Master Bth remodel, Bosch Dishwasher, Patio Extension
| |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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 Montgomery Trace
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Listed by: Kelley Tassone, Resident Realty, Ltd
Last Updated: 5 months ago
Data Source: HAR , MLS# 10102594
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Last Updated: 5 months ago
Data Source: HAR , MLS# 10102594
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