$5,650,000 Last Listed Price
●
House -
Off Market
1323 South Boulevard
Houston, TX 77006
3 Beds
4 Baths,
2
Half Baths
7,241 Ft²
$37,060
Est. Monthly
$333
HOA / Fees
About This Property
The architect Birdsall P. Briscoe built this 7241 +- sf 3 bedroom/4
full bath/2 half bath home in 1923 for W. D. Cleveland, Jr.,
Houston business and civic leader whose family company built the
Sunset Coffee Building at Allen's Landing. Positioned on an acre+
lot in Broadacres, a City of Houston Historic District, the house
presents an opportunity to restore a piece of Houston history.
Palatial formal rooms; open kitchen with separate breakfast room;
great room w/ full wet bar; French doors; leaded glass accents;
impressive main staircase; secluded primary suite with two full
baths, spacious dressing room and closets, and sitting
room/study/nursery; large airy en suite bedrooms; and
climate-controlled 3rd-floor flexible storage space. Elevator.
Pool. Lodge-style 1376 +- sf guest/pool house w/ kitchenette, 2
bedrooms/2 full baths. 2-car garage. Original garden design by C.C.
"Pat" Fleming.
Unit Size
7,241 Ft²
Days on Market
-
Land Size
1.30 acres
Price per sqft
$780
Property Type
House
Property Taxes
$8,984
HOA Dues
$333
Year Built
1923
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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 #92075021)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2024 | Sold | ||
| Sold | |||
| Feb 7, 2024 | In contract | - | |
| In contract | |||
| Jan 6, 2024 | No longer available | - | |
| No longer available | |||
| Jan 5, 2024 | Listed by Martha Turner Sotheby's International Realty | $5,650,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
The architect Birdsall P. Briscoe built this 7241 +- sf 3 bedroom/4 full bath/2 half bath home in 1923 for W. D. Cleveland, Jr., Houston business and civic leader whose family company built the Sunset Coffee Building at Allen’s Landing. Positioned on an acre+ lot in Broadacres, a City of Houston Historic District, the house presents an opportunity to restore a piece of Houston history. Palatial formal rooms; open kitchen with separate breakfast room; great room w/ full wet bar; French doors; leaded glass accents; impressive main staircase; secluded primary suite with two full baths, spacious dressing room and closets, and sitting room/study/nursery; large airy en suite bedrooms; and climate-controlled 3rd-floor flexible storage space. Elevator. Pool. Lodge-style 1376 +- sf guest/pool house w/ kitchenette, 2 bedrooms/2 full baths. 2-car garage. Original garden design by C.C. “Pat” Fleming.
| |||
| Jan 4, 2024 | Withdrawn | - | |
| Withdrawn | |||
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Property Highlights
Elevator
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
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Listed by: Martha Adger, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 92075021
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Last Updated: 5 months ago
Data Source: HAR , MLS# 92075021
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