$364,500 Last Listed Price
●
House -
Off Market
1309 Palermo Drive
Pearland, TX 77581
3 Beds
2 Baths
1,830 Ft²
$2,666
Est. Monthly
$290
HOA / Fees
About This Property
Active Adult, 55+ community. Luxury, wood-look, vinyl, plank
flooring in ALL ROOMS. No tile or carpet. Pex piping. Actual 3
bedrooms with walk-in closets. Quality granite in spacious kitchen.
Wrap around serving bar for extra seating. All appliances less than
2 yrs. Fridge stays. Updated fans & most fixtures. Lots of extra
storage, including deep drawers. En suite primary bath includes
private water closet, large walk-in closet with built-ins, separate
shower & jacuzzi tub, double sinks at oversized vanity with center
sit-down area. Radiant barrier in attic. HVAC previously updated &
exterior condenser only recently replaced in May. Added cabinets &
broom closet in laundry & added convenience cabinets over both
toilets. Driveway & sidewalk leveled and/or repaired in 2023 with
5-yr transferrable warranty. Recent paint. Patio has been extended.
French drains & in-ground automated sprinklers. Raised area for
flowers or food garden. Small custom shed on concrete foundation
has electricity.
Unit Size
1,830 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$199
Property Type
House
Property Taxes
$586
HOA Dues
$290
Year Built
2005
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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 #54202304)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 9, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | Listed by Treasure Chest Properties | $364,500 | |
| Listed by Treasure Chest Properties | |||
| | |||
|
Active Adult, 55+ community. Luxury, wood-look, vinyl, plank flooring in ALL ROOMS. No tile or carpet. Pex piping. Actual 3 bedrooms with walk-in closets. Quality granite in spacious kitchen. Wrap around serving bar for extra seating. All appliances less than 2 yrs. Fridge stays. Updated fans & most fixtures. Lots of extra storage, including deep drawers. En suite primary bath includes private water closet, large walk-in closet with built-ins, separate shower & jacuzzi tub, double sinks at oversized vanity with center sit-down area. Radiant barrier in attic. HVAC previously updated & exterior condenser only recently replaced in May. Added cabinets & broom closet in laundry & added convenience cabinets over both toilets. Driveway & sidewalk leveled and/or repaired in 2023 with 5-yr transferrable warranty. Recent paint. Patio has been extended. French drains & in-ground automated sprinklers. Raised area for flowers or food garden. Small custom shed on concrete foundation has electricity.
| |||
| Sep 15, 2022 | Sold | ||
| Sold | |||
| Aug 8, 2022 | Listed by Realty Associates | $307,000 | |
| Listed by Realty Associates | |||
| | |||
|
BellaVita | The Good Life | Gated Community - 55+ Active Adult Community - Easy Access to I-45 and Hwy 518. NO FLOODING FROM Harvey. 6 year old roof. Desirable 1660 sf. with 3 Bedrooms 2 Bathrooms 3rd bedroom could be a study or craft room, master bath has double sinks, separate walk-in shower with spacious closets. Tile and Carpet. Radiant Barrier in attic. Quite neighborhood. Every 9 years the HOA paints the exterior of the house and every 2 years the front door will get stained. Security system and Basic Comcast cable is included in HOA plus front yard and sprinklers maintained by HOA. You can have your backyard maintained (mowed, weed eat and blown) for $50 a month The Clubhouse has Pool/Spa, Fitness Center, Ballroom. 11-acre lake, 1 mile walking trails and Nature Reserve
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About Southbelt - Ellington
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Listed by: Tresa Olsen, Treasure Chest Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 54202304
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Last Updated: 5 months ago
Data Source: HAR , MLS# 54202304
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