$450,000 Last Listed Price
●
House -
Off Market
1050 Somerset Drive
Alvin, TX 77511
3 Beds
2 Baths
2,275 Ft²
$465,261
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Welcome home to 1050 Somerset Dr! This home sits on 1.3 acres and
gives you the feel of country living while still being conveniently
located to nearby schools and close to town, and you are on city
water and sewer. You are sure to be amazed with the beautiful pool
and hot tub. Enjoy the rest of summer season here and hang out in
the evenings on the patio that overlooks the pool and the back of
the property. This property is not lacking in mature trees and is
equipped with a full home Generac Generator system - no power
outages or Texas freezes will keep you in the hot or cold! Inside
the home, you are greeted with tile floors, a gas fireplace and a
very open layout. The kitchen has pretty black granite, oak colored
cabinets, a gas stove and all stainless steel appliances. The
kitchen opens up to the living room and dining room making it a
great space for entertaining your guest. Come see this spectacular
home for yourself!
Unit Size
2,275 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$198
Property Type
House
Property Taxes
$753
HOA Dues
-
Year Built
1998
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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 #62374717)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 31, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by Keller Williams Hou Preferred | $450,000 | |
| Listed by Keller Williams Hou Preferred | |||
| | |||
|
Welcome home to 1050 Somerset Dr! This home sits on 1.3 acres and gives you the feel of country living while still being conveniently located to nearby schools and close to town, and you are on city water and sewer. You are sure to be amazed with the beautiful pool and hot tub. Enjoy the rest of summer season here and hang out in the evenings on the patio that overlooks the pool and the back of the property. This property is not lacking in mature trees and is equipped with a full home Generac Generator system - no power outages or Texas freezes will keep you in the hot or cold! Inside the home, you are greeted with tile floors, a gas fireplace and a very open layout. The kitchen has pretty black granite, oak colored cabinets, a gas stove and all stainless steel appliances. The kitchen opens up to the living room and dining room making it a great space for entertaining your guest. Come see this spectacular home for yourself!
| |||
Property Highlights
Fireplace
Garage
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 Somerset Place
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Emily McCollum, Keller Williams Hou Preferred
Last Updated: 5 months ago
Data Source: HAR , MLS# 62374717
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Last Updated: 5 months ago
Data Source: HAR , MLS# 62374717
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