$684,500 Last Listed Price
●
House -
Off Market
1315 Outrigger
Tiki Island, TX 77554
3 Beds
2 Baths
1,728 Ft²
$685,648
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
This is the one you've been waiting for! Beautiful one story
home with an elevator. Situated on one of the largest canals
in Tiki with easy access to the bay. Vaulted ceiling in the
spacious living area, updated kitchen with s/s appliances,
plantation shutters throughout. Updated primary bath with a large
walk-in shower. Laminate flooring in the living area, kitchen and
hall, and tile in the bathrooms. Spacious utility room in the
house and views of the bay from the primary and second bedroom.
You will love the "Tiki Bar" under the house. Entertain
friends and family on the deck or spend endless hours relaxing by
the water with a cool beverage and a rod!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$396
Property Type
House
Property Taxes
$1,318
HOA Dues
$8
Year Built
1994
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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: 4 months ago (HAR #91636200)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2023 | Sold | ||
| Sold | |||
| Apr 19, 2023 | Listed by Berkshire Hathaway HomeServices Premier Properties | $684,500 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
| Sep 21, 2020 | Sold | ||
| Sold | |||
| Aug 25, 2020 | Listed by Coldwell Banker Properties | $549,900 | |
| Listed by Coldwell Banker Properties | |||
| | |||
|
Ready to enjoy the island life? Beautiful move-in ready home with multiple entertaining areas throughout including a Tiki bar with mounted TV. Pier, deck, and boat lift were replaced in 2017. There are two underwater green lights great for fishing. Take the elevator or stairs up to the open concept living and kitchen area. Built ins surround the cozy wood burning fireplace. The kitchen was updated in 2020 with quartz countertops, subway tile, soft close cabinets, Thermador oven, gas cooktop, and updated light fixtures. The built in microwave was installed on 6/2020. Plantation shutter are featured in the living area and primary bedroom. Primary and secondary bathrooms were both remodeled in 2020. Fully fenced yard.
| |||
| Jul 20, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Elevator
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Tiki Island
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Jacqueline Booth, Berkshire Hathaway HomeServices Premier Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 91636200
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Last Updated: 4 months ago
Data Source: HAR , MLS# 91636200
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