$519,000 Last Listed Price
●
House -
Off Market
112 Payne Street
Houston, TX 77009
2 Beds
1 Bath
1,226 Ft²
$516,093
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Nestled on a serene, tree-lined street in Historic Preservation
Germantown (protected from 45 expansion), this captivating
craftsman exudes timeless charm & modern upgrades. Within walking
distance to Woodland Park & zoned to esteemed Travis Elementary.
Natural light streams through the expansive living & dining area,
while the kitchen features stainless steel appliances, granite
counters, & shaker cabinetry w breakfast bar seating. Versatile
bonus room adjacent to kitchen serves as a breakfast nook, office,
or den. Vast primary w custom walk-in closet. Upgraded bathroom
boasts furniture style vanity, granite counter, large shower with
bench seating, & linen closet. Secondary bdrm w huge walk-in
closet. Covered front & back porch, w wood deck &
storage/work shed. Major upgrades include recent 25-yr roof
(installed in 2021), full plumbing & main sewer line replaced,
paved driveway, re-insulated attic, & spray foam insulation beneath
the house for optimal energy efficiency.
Unit Size
1,226 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$423
Property Type
House
Property Taxes
$835
HOA Dues
-
Year Built
1920
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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 #61516164)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2023 | Sold | ||
| Sold | |||
| Aug 3, 2023 | Listed by Texas Ally Real Estate Group, | $519,000 | |
| Listed by Texas Ally Real Estate Group, | |||
| | |||
|
Nestled on a serene, tree-lined street in Historic Preservation Germantown (protected from 45 expansion), this captivating craftsman exudes timeless charm & modern upgrades. Within walking distance to Woodland Park & zoned to esteemed Travis Elementary. Natural light streams through the expansive living & dining area, while the kitchen features stainless steel appliances, granite counters, & shaker cabinetry w breakfast bar seating. Versatile bonus room adjacent to kitchen serves as a breakfast nook, office, or den. Vast primary w custom walk-in closet. Upgraded bathroom boasts furniture style vanity, granite counter, large shower with bench seating, & linen closet. Secondary bdrm w huge walk-in closet. Covered front & back porch, w wood deck & storage/work shed. Major upgrades include recent 25-yr roof (installed in 2021), full plumbing & main sewer line replaced, paved driveway, re-insulated attic, & spray foam insulation beneath the house for optimal energy efficiency.
| |||
| Mar 31, 2021 | Sold | ||
| Sold | |||
| Feb 11, 2021 | Listed by RE/MAX Signature Galleria | $440,000 | |
| Listed by RE/MAX Signature Galleria | |||
| | |||
|
Classic bungalow in the Historic Germantown Heights. Featuring LARGE CLOSETS, an recently UPDATED KITCHEN, and an Large Over-Sized master bedroom. Beautiful hard woods throughout, custom window coverings, solar screens, recessed lighting, an irrigated vegetable garden, and distributed audio connections balance the home's charmed past with the comforts of modern living. Easy Access to I-45 and I-10. Close to Downtown, Heights Parks, tennis courts, and bayou bike and running trails. Nice sized Storage Building outside for yard materials, bikes, holiday ornaments or whatever you may want to store. Pet Friendly.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Central Houston
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Listed by: Deja Land, Texas Ally Real Estate Group,
Last Updated: 6 months ago
Data Source: HAR , MLS# 61516164
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Last Updated: 6 months ago
Data Source: HAR , MLS# 61516164
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