$269,990 Last Listed Price
●
House -
Off Market
1238 Park Royale Lane
Katy, TX 77450
3 Beds
2 Baths
2,194 Ft²
$321,137
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
METICULOUSLY MAINTAINED HOME, NEVER FLOODED and SOLD BY THE
ORIGINAL OWNER!! This gem is nested on a CUL-DE-SAC STREET in a
highly desirable neighborhood just a few minutes away from I-10 and
Grand Parkway. Features OPEN FLOOR PLAN WITH HIGH CEILING in the
living room, wood laminate flooring throughout, fresh interior
paint, large walk-in pantry, SECOND KITCHEN PANTRY, large laundry
room, PRIVATE BACKYARD WILL FIT A POOL! The homeowners invested in
many updates of over $100,000, including 22 SEER 60 speeds HVAC
unit (2017), Anderson energy efficient and sound insulating windows
(2014), Plantation shutters throughout (2014), 30-year roof (2012),
self-cleaning gutters (2016), double Kenmore oven (2015), recent
fence (2019), and many more - for complete list see attachment.
Walking distance to highly-rated Katy ISD schools, low property tax
rate.
Unit Size
2,194 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$123
Property Type
House
Property Taxes
$395
HOA Dues
$41
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 #90320208)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2021 | Sold | ||
| Sold | |||
| Apr 24, 2021 | Listed by Realty Associates | $269,990 | |
| Listed by Realty Associates | |||
| | |||
|
METICULOUSLY MAINTAINED HOME, NEVER FLOODED and SOLD BY THE ORIGINAL OWNER!! This gem is nested on a CUL-DE-SAC STREET in a highly desirable neighborhood just a few minutes away from I-10 and Grand Parkway. Features OPEN FLOOR PLAN WITH HIGH CEILING in the living room, wood laminate flooring throughout, fresh interior paint, large walk-in pantry, SECOND KITCHEN PANTRY, large laundry room, PRIVATE BACKYARD WILL FIT A POOL! The homeowners invested in many updates of over $100,000, including 22 SEER 60 speeds HVAC unit (2017), Anderson energy efficient and sound insulating windows (2014), Plantation shutters throughout (2014), 30-year roof (2012), self-cleaning gutters (2016), double Kenmore oven (2015), recent fence (2019), and many more - for complete list see attachment. Walking distance to highly-rated Katy ISD schools, low property tax rate.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Memorial Parkway
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Listed by: Tatiana Kirilenko, Realty Associates
Last Updated: 5 months ago
Data Source: HAR , MLS# 90320208
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Last Updated: 5 months ago
Data Source: HAR , MLS# 90320208
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