Icon Realty has been notified of an outstanding investment opportunity here in The Woodlands, TX in the village of Sterling Ridge and within the Pepperdale subdivision. The Woodlands is highly sought after, and one of the best selling master planned communities in the greater Houston area with high appreciation potential (see more information below).
Property Details
10 Birchwood Park - click to map
Projected market value @ 470k+
Target Price of $400k
Projected rental value of $3400 per month
3608 sqft, 4 bedrooms, on a 1/2 acre cul‐de‐sac lot, built in 2002
Near the Gary Player golf course
Minor cosmetic repairs needed @10k or less
We have the floor plan and appraisal on file. It’s from February of this year, and the value shown is $474k.
Subject Images
Comparable's
The lists below are from street-by-street searches.
Sales comps – 8/1/07 to present:
Sales comps – 8/1/06 to 8/1/07:
Rental comps – 8/1/07 to present:
Rental comps 8 /1/06 to 8/1/07:
Subject property (10 Birchwood) was the only lease – see listing here: Buyer Full Page. The home was leased at $3,400/mo (on the market less than a week).
Woodlands Facts
Opened in 1974, The Woodlands is a 28,000-acre master-planned forested community. Mr. George P. Mitchell was the founder and original developer of The Woodlands
Located 27 miles North of downtown Houston on I-45, it encompasses nine residential villages.
Of the 28,000 acres in The Woodlands, nearly 6,000 acres are now devoted to green space in parks, golf courses and greenbelts. Nearly 8,000 acres will remain undeveloped green space at build-out.
More than 1,550 businesses and corporations have found a home in The Woodlands
There are 14 companies with 100,00 square feet or more located in The Woodlands. A total of 24.7 million square feet of commercial, industrial, and institutional development are here, providing jobs for more than 43,200 people.
Over 40 religious congregations also make their homes in The Woodlands.
More than 162 miles of hike and bike paths provide wooded trails between The Woodlands' 110 parks, lakes, ponds, and 7 championship golf courses.
For additional financial information email Johnny Schiro at: johnny@houstonicon.com or Jeremy Larkin at: jeremy@thelarkinteam.com. Or contact us here
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Johnny Schiro is the founder and managing broker of The Icon Real Estate Group in Houston, Texas. The Icon Group is a real estate sales, financing, and management firm that assists local and non-local investors in the acquisition, leasing, and management of residential income property.
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