$400,000 Last Listed Price
●
House -
Off Market
1047 Marcella Street
Houston, TX 77091
3 Beds
2 Baths
1,793 Ft²
$398,512
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Welcome to this charming ranch brick home situated in a delightful
neighborhood near downtown, the medical center, and the Galleria.
As you enter, you'll be greeted by the new flooring, a spacious
foyer, a view of a cozy fireplace, and the formal living and dining
area. This home has generously sized bedrooms, each with a walk-in
closet and new carpet and paint. The kitchen has recently been
updated with beautiful quartz countertops, new cabinet faces, paint
and includes a breakfast area and seating at the countertop. Step
outside through the backdoor to discover a covered pathway leading
to an oversized two-car garage and a concrete patio perfect for
outdoor entertainment. The large yard offers ample space for a
pool, play area, dog run, or garden. This home features an updated
roof, pex plumbing, HVAC, and water heater. You can easily access
all major highways from this location within a few minutes.
Unit Size
1,793 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$223
Property Type
House
Property Taxes
$508
HOA Dues
$4
Year Built
1965
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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 #52310713)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2023 | Sold | ||
| Sold | |||
| Sep 8, 2023 | Listed by Martha Turner Sotheby's International Realty | $400,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Welcome to this charming ranch brick home situated in a delightful neighborhood near downtown, the medical center, and the Galleria. As you enter, you'll be greeted by the new flooring, a spacious foyer, a view of a cozy fireplace, and the formal living and dining area. This home has generously sized bedrooms, each with a walk-in closet and new carpet and paint. The kitchen has recently been updated with beautiful quartz countertops, new cabinet faces, paint and includes a breakfast area and seating at the countertop. Step outside through the backdoor to discover a covered pathway leading to an oversized two-car garage and a concrete patio perfect for outdoor entertainment. The large yard offers ample space for a pool, play area, dog run, or garden. This home features an updated roof, pex plumbing, HVAC, and water heater. You can easily access all major highways from this location within a few minutes.
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 North Houston
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Listed by: Dawn Smith, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 52310713
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Last Updated: 5 months ago
Data Source: HAR , MLS# 52310713
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