$295,000 Last Listed Price
●
Land -
Off Market
1108 Kipp Avenue
Kemah, TX 77565
Studio
0 Bath
$297,297
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
Rare investment opportunity! This property in the Kemah community
awaits a new home created on these exceptional grounds just across
the street from extraordinary waterfront housing. What an amazing
view this could offer, near the bay area, a short distance from the
Kemah Boardwalk's multitude of restaurants, and boutique shops. It
provides a variety of entertainment offerings. With the nearby
marina for fishing and boating access to Galveston Bay, Clear Lake
and the Gulf is readily available. Come own your paradise a world
away and enjoy endless soft gulf breezes and gorgeous sunsets at
your convenience.
Come and schedule a tour now!
Come and schedule a tour now!
Unit Size
-
Days on Market
-
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$58
HOA Dues
-
Year Built
1962
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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 #31767301)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 1, 2025 | No longer available | - | |
| No longer available | |||
| Jan 1, 2025 | Listed | $350,000 | |
| Listed | |||
| | |||
|
Build Your Dream Home on this Double Lot in the Vibrant Community of Kemah! Near the Bay, it has Approximately 151 Linear Feet of Frontage on Sought-After Kipp Avenue. Short distance to Kemah Boardwalk that features Themed Restaurants, Retail shops, and Amusements for the Entire Family. With the Nearby Marina for Fishing and Boating, Access to Galveston Bay and Clear Lake. CCISD, Low Tax Rate, No HOA.
| |||
| Jul 2, 2024 | Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | $350,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Bay Area | |||
| | |||
|
Build Your Dream Home on this Double Lot in the Vibrant Community of Kemah! Near the Bay, it has Approximately 151 Linear Feet of Frontage on Sought-After Kipp Avenue. Short distance to Kemah Boardwalk that features Themed Restaurants, Retail shops, and Amusements for the Entire Family. With the Nearby Marina for Fishing and Boating, Access to Galveston Bay and Clear Lake. CCISD, Low Tax Rate, No HOA.
| |||
| May 27, 2022 | Sold | ||
| Sold | |||
| Apr 20, 2022 | Listed by Keller Williams Signature | $295,000 | |
| Listed by Keller Williams Signature | |||
| | |||
|
Rare investment opportunity! This property in the Kemah community awaits a new home created on these exceptional grounds just across the street from extraordinary waterfront housing. What an amazing view this could offer, near the bay area, a short distance from the Kemah Boardwalk's multitude of restaurants, and boutique shops. It provides a variety of entertainment offerings. With the nearby marina for fishing and boating access to Galveston Bay, Clear Lake and the Gulf is readily available. Come own your paradise a world away and enjoy endless soft gulf breezes and gorgeous sunsets at your convenience.
Come and schedule a tour now!
| |||
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 Bay Breeze
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sterling Bond, Keller Williams Signature
Last Updated: 5 months ago
Data Source: HAR , MLS# 31767301
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Last Updated: 5 months ago
Data Source: HAR , MLS# 31767301
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