$170,000 Last Listed Price
●
Land -
Off Market
802 Carnation Street
Katy, TX 77493
Studio
0 Bath
$1,087
Est. Monthly
About This Property
Seize the rare chance to craft your dream home in the cherished
heart of Old Katy – a community steeped in history and brimming
with charm. This large 10,498 sqft unimproved lot is ready for your
enjoyment. Residents enjoy an incredibly low tax rate (2.1328), no
MUD, or HOA! This exclusive opportunity is nestled on a corner lot
that is complete with old-town charm and mature trees. Highly
acclaimed Katy High School is a quick hop across Highway 90. With
Houston, just a stone's throw away, enjoy the best of both worlds –
the serenity of Old Katy and the limitless opportunities of the
vibrant city. Build your legacy in a place where the past meets the
present, creating a home that reflects your aspirations and
embodies the essence of timeless living! Local amenities include
Mary Jo Peckham Park, Katy Mills Mall, Typhoon Water Park and so
much more!! Don't wait too long...this gem will be gone in no time!
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$252
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: 4 months ago (HAR #85577455)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Feb 15, 2024 | Listed by Keller Williams Premier Realty | $170,000 | |
| Listed by Keller Williams Premier Realty | |||
| | |||
|
Seize the rare chance to craft your dream home in the cherished heart of Old Katy – a community steeped in history and brimming with charm. This large 10,498 sqft unimproved lot is ready for your enjoyment. Residents enjoy an incredibly low tax rate (2.1328), no MUD, or HOA! This exclusive opportunity is nestled on a corner lot that is complete with old-town charm and mature trees. Highly acclaimed Katy High School is a quick hop across Highway 90. With Houston, just a stone's throw away, enjoy the best of both worlds – the serenity of Old Katy and the limitless opportunities of the vibrant city. Build your legacy in a place where the past meets the present, creating a home that reflects your aspirations and embodies the essence of timeless living! Local amenities include Mary Jo Peckham Park, Katy Mills Mall, Typhoon Water Park and so much more!! Don't wait too long...this gem will be gone in no time!
| |||
Property Highlights
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 Katy
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Listed by: Carolyn Bauerschlag, Keller Williams Premier Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 85577455
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85577455
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