$100,000 Last Listed Price
●
Land -
Off Market
7919 Hodge Lane
Montgomery, TX 77356
Studio
0 Bath
$132,550
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
Why drive for hours to hunt? Wouldn't it be nice to have a
recreational property close by? This partially cleared tract of
land in a heavily wooded area is your answer. Here is 18.72 acres
ready for your recreational pleasure. This property is two separate
tax accounts being sold as one amazing property close to town, but
quiet and secluded. Spend more time in the blind and less on the
road. Due to location of floodplain, property taxes are assessed at
a heavily discounted rate. Annual property taxes currently less
that $150 per year.
Unit Size
-
Days on Market
-
Land Size
18.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
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 #5208044)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2022 | Sold | ||
| Sold | |||
| May 5, 2022 | Listed by RE/MAX Integrity | $120,000 | |
| Listed by RE/MAX Integrity | |||
| | |||
|
Tired of driving for hours to hunt? Wouldn't it be nice to have a recreational property close by? This partially cleared tract of land in a heavily wooded area is your answer. A very active wildlife area, these 18+ acres of Texas soil are ready for your recreational pleasure. This is one amazing property close to town, but quiet and secluded. Spend more time in the blind and less on the road. Due to the location of the floodplain, property taxes are assessed at a heavily discounted rate. Save on gas AND taxes! Let us introduce you to your new "spot". Call today for a private showing. There is also a Motocross track that has been developed on the south 8 acres for your recreational pleasure.
| |||
| Nov 3, 2020 | Sold | ||
| Sold | |||
| Sep 16, 2020 | Listed by RE/MAX Integrity | $100,000 | |
| Listed by RE/MAX Integrity | |||
| | |||
|
Why drive for hours to hunt? Wouldn't it be nice to have a recreational property close by? This partially cleared tract of land in a heavily wooded area is your answer. Here is 18.72 acres ready for your recreational pleasure. This property is two separate tax accounts being sold as one amazing property close to town, but quiet and secluded. Spend more time in the blind and less on the road. Due to location of floodplain, property taxes are assessed at a heavily discounted rate. Annual property taxes currently less that $150 per year.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Montgomery
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Listed by: Melissa Spencer, RE/MAX Integrity
Last Updated: 5 months ago
Data Source: HAR , MLS# 5208044
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Last Updated: 5 months ago
Data Source: HAR , MLS# 5208044
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