$1,065,000 Last Listed Price
●
House -
Off Market
12319 Rip Van Winkle Drive
Houston, TX 77024
5 Beds
3 Baths
3,357 Ft²
$1,399,237
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
This lovely, traditional home located in highly sought after
Frostwood neighborhood is a "must see", as pride of ownership shows
throughout! A rare find with its soaring ceiling and two bedrooms
downstairs, this home has been updated and expanded over the years.
The Kitchen is a chef's dream, with a KitchenAid appliance package,
which includes a professional 6 burner gas cook-top, double ovens,
and dishwasher. The Breakfast Room enjoys a bank of French doors
which envelopes the home with an abundance of natural light. These
doors open to a backyard oasis, which enjoys a sparkling pool and
offers lots of entertaining space. The primary suite is reminiscent
of a high-end hotel with its spectacular en-suite which includes
double sinks, soaking tub, and separate shower. Currently an
over-sized upstairs' bedroom is being utilized as a Game room and
Den, but it offers a host of possibilities. Zoned to highly rated
Frostwood, Memorial Middle and Memorial High School. A great
opportunity!
Unit Size
3,357 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$317
Property Type
House
Property Taxes
$1,584
HOA Dues
$25
Year Built
1960
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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 #55501084)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2020 | Sold | ||
| Sold | |||
| Oct 6, 2020 | Listed by Martha Turner Sotheby's | $1,065,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
This lovely, traditional home located in highly sought after Frostwood neighborhood is a “must see”, as pride of ownership shows throughout! A rare find with its soaring ceiling and two bedrooms downstairs, this home has been updated and expanded over the years. The Kitchen is a chef's dream, with a KitchenAid appliance package, which includes a professional 6 burner gas cook-top, double ovens, and dishwasher. The Breakfast Room enjoys a bank of French doors which envelopes the home with an abundance of natural light. These doors open to a backyard oasis, which enjoys a sparkling pool and offers lots of entertaining space. The primary suite is reminiscent of a high-end hotel with its spectacular en-suite which includes double sinks, soaking tub, and separate shower. Currently an over-sized upstairs’ bedroom is being utilized as a Game room and Den, but it offers a host of possibilities. Zoned to highly rated Frostwood, Memorial Middle and Memorial High School. A great opportunity!
| |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Westside
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Listed by: Inga Smith, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 55501084
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Last Updated: 5 months ago
Data Source: HAR , MLS# 55501084
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