$299,000 Last Listed Price
●
House -
Off Market
1035 Margate Drive
Pearland, TX 77584
4 Beds
2 Baths
1,648 Ft²
$303,098
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Come and see this adorable home nestled in the Southdown Pearland
neighborhood. Located with direct access to 288, just off McHard
Rd., approximately 12 minutes from the medical center, Houston Zoo,
or Hermann Park. This home boasts 4 bedrooms and two full
baths. Entering the family room, note the wall of windows
that gives the home a bright airy feel and looks out to the
oversized backyard complete with pool, hot tub, great landscaping
and storage shed. Other amenities include the gas log
fireplace, vaulted ceilings, separate dining area, granite in
kitchen and baths and an open / split floor plan. The beautiful
chandeliers stay.
Zoned to Pearland ISD. Low tax rate. Never flooded, per seller.
Zoned to Pearland ISD. Low tax rate. Never flooded, per seller.
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$181
Property Type
House
Property Taxes
$519
HOA Dues
$17
Year Built
1984
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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: 6 months ago (HAR #46450529)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2022 | Sold | ||
| Sold | |||
| Mar 17, 2022 | Listed by RE/MAX 5 Star Realty | $299,000 | |
| Listed by RE/MAX 5 Star Realty | |||
| | |||
|
Come and see this adorable home nestled in the Southdown Pearland neighborhood. Located with direct access to 288, just off McHard Rd., approximately 12 minutes from the medical center, Houston Zoo, or Hermann Park. This home boasts 4 bedrooms and two full baths. Entering the family room, note the wall of windows that gives the home a bright airy feel and looks out to the oversized backyard complete with pool, hot tub, great landscaping and storage shed. Other amenities include the gas log fireplace, vaulted ceilings, separate dining area, granite in kitchen and baths and an open / split floor plan. The beautiful chandeliers stay.
Zoned to Pearland ISD. Low tax rate. Never flooded, per seller.
| |||
| May 14, 2019 | Sold | ||
| Sold | |||
| Feb 1, 2019 | Listed by Coldwell Banker Realty | $249,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
CALL THE MOVERS.. This property is gorgeous and move in ready. All updated. Check out the pictures. New roof in 2018, new windows 2018 new water heater new waterproof vinyl flooring and trim. Many more updates. The list is in the documents. Property also features beautiful gas log Fireplace, resurfaced Blue quartz pool. Hot tub, storage shed and workbench and extra storage in the garage. Concrete patio and Tropical Landscaping.
| |||
| Sep 6, 2018 | No longer available | - | |
| No longer available | |||
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Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Pearland
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Listed by: Kay Barbour, RE/MAX 5 Star Realty
Last Updated: 6 months ago
Data Source: HAR , MLS# 46450529
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Last Updated: 6 months ago
Data Source: HAR , MLS# 46450529
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