$710,000 Last Listed Price
●
House -
Off Market
120 Gessner Road
Houston, TX 77024
3 Beds
3 Baths
3,400 Ft²
$4,617
Est. Monthly
About This Property
Located less than a mile from Frostwood Elementary and zoned to
Memorial Middle and Memorial High Schools, this renovated 1-story
home offers privacy and convenience. It is being sold as-is. Close
to shopping and dining, the open floor plan is great for
entertaining. After Hurricane Harvey, the home underwent a major
renovation: new kitchen and wet bar, three remodeled bathrooms, new
flooring, fresh paint, new AC units, and water heaters. There is no
carpet. The bathrooms feature a freestanding primary tub, walk-in
showers, and walk-in closets in all bedrooms and the study.
Additional features include a water softener system, security
cameras, and an extra-wide two-car garage. The home has a gated
courtyard off the breakfast room and two fenced patios in the
backyard. The circular drive provides ample parking, including
space for two rows of cars in front of the garage, with no
immediate neighbors on the south side. (See attachments for
additional features.)
Unit Size
3,400 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$209
Property Type
House
Property Taxes
$1,130
HOA Dues
-
Year Built
1980
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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 #45559679)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| Jun 26, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Martha Turner Sotheby's International Realty | $710,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Located less than a mile from Frostwood Elementary and zoned to Memorial Middle and Memorial High Schools, this renovated 1-story home offers privacy and convenience. It is being sold as-is. Close to shopping and dining, the open floor plan is great for entertaining. After Hurricane Harvey, the home underwent a major renovation: new kitchen and wet bar, three remodeled bathrooms, new flooring, fresh paint, new AC units, and water heaters. There is no carpet. The bathrooms feature a freestanding primary tub, walk-in showers, and walk-in closets in all bedrooms and the study. Additional features include a water softener system, security cameras, and an extra-wide two-car garage. The home has a gated courtyard off the breakfast room and two fenced patios in the backyard. The circular drive provides ample parking, including space for two rows of cars in front of the garage, with no immediate neighbors on the south side. (See attachments for additional features.)
| |||
Property Highlights
Garage
Fireplace
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
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Westside
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Listed by: Richard Stone, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 45559679
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Last Updated: 5 months ago
Data Source: HAR , MLS# 45559679
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