$264,900 Last Listed Price
●
House -
Off Market
1231 Park Royale Lane
Katy, TX 77450
4 Beds
2 Baths,
1
Half Bath
2,916 Ft²
$343,991
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
Beautifully UPDATED home nested in a desirable neighborhood ideally
located on a CUL-DE-SAC STREET in close proximity to major highways
- I-10 and Grand Parkway. Sunlit with a large backyard this gem
offers many wonderful features and updates - wood flooring
throughout, granite countertops, UPDATED KITCHEN and BATHS, neutral
fresh interior paint, LOW-E WINDOWS energy efficient and sound
insulating , HOME OFFICE READY wired with CAT6 cable for a high
speed home network, LARGE SECONDARY BEDROOMS, walk-in closets in
all bedrooms, recent roof (2015), outside A/C compressor unit
replaced (2019), recent fence (2019) and many more - for complete
list see attachment A. This home did not flood and is zoned to
highly-rated Katy ISD schools and low tax rate.
Unit Size
2,916 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$91
Property Type
House
Property Taxes
$469
HOA Dues
$27
Year Built
1978
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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 #49942572)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 20, 2024 | Listed | $420,000 | |
| Listed | |||
| | |||
|
Fully Renovated 4 bedrooms home in the heart of Katy. This home features a beautiful kitchen, spacious bedrooms, walk-in closets in all bedrooms and it is ready for immediate move in. The home is located in a very quiet neighborhood, near multiple major shopping areas, highways I-10, and zoned to highly-rated Katy ISD schools. Key Upgrades include: Updated Kitchen with granite countertops and refrigerator included, wood flooring throughout, renovated Baths, low-e windows, Cat6 cable for high speed internet, sound insulating, recent roof (2015), and new A/C (2019).
| |||
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Dec 4, 2020 | Listed by Realty Associates | $264,900 | |
| Listed by Realty Associates | |||
| | |||
|
Beautifully UPDATED home nested in a desirable neighborhood ideally located on a CUL-DE-SAC STREET in close proximity to major highways - I-10 and Grand Parkway. Sunlit with a large backyard this gem offers many wonderful features and updates - wood flooring throughout, granite countertops, UPDATED KITCHEN and BATHS, neutral fresh interior paint, LOW-E WINDOWS energy efficient and sound insulating , HOME OFFICE READY wired with CAT6 cable for a high speed home network, LARGE SECONDARY BEDROOMS, walk-in closets in all bedrooms, recent roof (2015), outside A/C compressor unit replaced (2019), recent fence (2019) and many more - for complete list see attachment A. This home did not flood and is zoned to highly-rated Katy ISD schools and low tax rate.
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Status
Type
Beds
Baths
ft²
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About Memorial Parkway
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Listed by: Tatiana Kirilenko, Realty Associates
Last Updated: 5 months ago
Data Source: HAR , MLS# 49942572
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Last Updated: 5 months ago
Data Source: HAR , MLS# 49942572
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