$197,500 Last Listed Price
●
Land -
Off Market
7443 Teaswood Drive
Conroe, TX 77304
Studio
0 Bath
$1,449
Est. Monthly
$133
HOA / Fees
About This Property
This beautiful 1.78 acre lot in the highly sought-after Teaswood
community presents an incredible opportunity for those looking to
create their dream home. Nestled within a prestigious gated
neighborhood, this property has been meticulously under brushed,
ensuring a clean canvas for your architectural vision. Boasting a
prime location just minutes away from I-45 and a short drive to
both Lake Conroe and The Woodlands, convenience is at your
fingertips. Teaswood offers a tranquil and picturesque setting,
with its serene park-like ambiance, two stocked lakes, charming
walking trails, and a park complete with a spacious
pavilion...perfect for hosting gatherings. This remarkable piece of
land provides ample space to design the home of your dreams.
Unit Size
-
Days on Market
-
Land Size
1.78 acres
Price per sqft
-
Property Type
Land
Property Taxes
$345
HOA Dues
$133
Year Built
-
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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 #56959055)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Dec 5, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by One Property Grp | $197,500 | |
| Listed by One Property Grp | |||
| | |||
|
This beautiful 1.78 acre lot in the highly sought-after Teaswood community presents an incredible opportunity for those looking to create their dream home. Nestled within a prestigious gated neighborhood, this property has been meticulously under brushed, ensuring a clean canvas for your architectural vision. Boasting a prime location just minutes away from I-45 and a short drive to both Lake Conroe and The Woodlands, convenience is at your fingertips. Teaswood offers a tranquil and picturesque setting, with its serene park-like ambiance, two stocked lakes, charming walking trails, and a park complete with a spacious pavilion...perfect for hosting gatherings. This remarkable piece of land provides ample space to design the home of your dreams.
| |||
| Jul 17, 2024 | No longer available | - | |
| No longer available | |||
| Apr 3, 2024 | Price Decreased |
$199,900
↓ $20K
(9.1%) | |
| Price Decreased | |||
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About Teaswood Reserve
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Listed by: Tamara Matlock, One Property Grp
Last Updated: 5 months ago
Data Source: HAR , MLS# 56959055
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Last Updated: 5 months ago
Data Source: HAR , MLS# 56959055
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