32
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$1,350,000 Last Listed Price
●
House -
Off Market
1031 Ridgeley Drive
Houston, TX 77055
5 Beds
2 Baths
2,581 Ft²
$8,829
Est. Monthly
About This Property
An incredible opportunity in Hilshire Village for a lovingly
maintained one story "as is" estate on deep rectangular 37,962 SF
lot backing to Spring Branch Creek. This amazing property offers
many options: (1) live now and renovate or build later, (2)
renovate now or (3) build now on the amazing lot. Truly a rare
opportunity in the Memorial Villages to find such private and
tranquil property with such a large lot. The charming one story
home features five bedrooms, two baths, a spacious family room with
a wall of windows opening into the kitchen. In addition, there is a
living room, dining room and large utility room. The coveted
neighborhood offers beautiful tree-lined walkable streets and is
zoned to excellent schools: Valley Oaks Elementary, Spring Branch
Middle and Memorial High School. Showings will start on Tuesday,
March 4th with an open house from 12-2PM.
Unit Size
2,581 Ft²
Days on Market
-
Land Size
0.87 acres
Price per sqft
$523
Property Type
House
Property Taxes
$2,200
HOA Dues
-
Year Built
1960
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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 #32927654)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2025 | Sold | ||
| Sold | |||
| Mar 12, 2025 | In contract | - | |
| In contract | |||
| Mar 3, 2025 | Listed by Martha Turner Sotheby's International Realty | $1,350,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
An incredible opportunity in Hilshire Village for a lovingly maintained one story "as is" estate on deep rectangular 37,962 SF lot backing to Spring Branch Creek. This amazing property offers many options: (1) live now and renovate or build later, (2) renovate now or (3) build now on the amazing lot. Truly a rare opportunity in the Memorial Villages to find such private and tranquil property with such a large lot. The charming one story home features five bedrooms, two baths, a spacious family room with a wall of windows opening into the kitchen. In addition, there is a living room, dining room and large utility room. The coveted neighborhood offers beautiful tree-lined walkable streets and is zoned to excellent schools: Valley Oaks Elementary, Spring Branch Middle and Memorial High School. Showings will start on Tuesday, March 4th with an open house from 12-2PM.
| |||
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 Northwest Houston
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Listed by: Robin Tucker, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 32927654
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Last Updated: 5 months ago
Data Source: HAR , MLS# 32927654
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