$499,000 Last Listed Price
●
Townhouse -
Off Market
1405 Southmore Boulevard
Houston, TX 77004
3 Beds
4 Baths,
1
Half Bath
2,230 Ft²
$518,979
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Embrace the convenience of urban life just minutes from the light
rail, Downtown & Med.Center while maintaining a small community
feel. Tucked away in the heart of the Museum District, 1405
Southmore Blvd. is fully gated & steps away from The Asia Society,
world-class museums, restaurants+more. The home benefits from a
front green space & 2 balconies. Open concept 2nd fl living &
entertaining spaces include large living rm w/abundant natural
light, hardwood hickory floors, French doors to balcony, &
two-sided gaslog fireplace shared w/formal dining. Renovated Chef's
kitchen w/updated countertops+SS appliances, island w/seating, &
breakfast rm. The primary suite features a newly-renovated spa
suite bath w/grand double shower & huge closet w/built-ins. A
secondary bedroom & utility sit just down the hall. Downstairs, the
3rd bedrm benefits from additional privacy as well as access to the
rear patio space w/custom grill. Automatic gate & 2 car
garage w/carriage-style automatic door
Unit Size
2,230 Ft²
Days on Market
-
Land Size
-
Price per sqft
$224
Property Type
Townhouse
Property Taxes
$744
HOA Dues
$125
Year Built
2004
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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: 3 years ago (HAR #98017738)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 1, 2022 | Sold | ||
| Sold | |||
| Jul 29, 2022 | Listed by Compass RE Texas, LLC | $499,000 | |
| Listed by Compass RE Texas, LLC | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Features: Attached Garage
Garage: 2 Spaces
Parking Features: Auto Garage Door Opener, Automatic Driveway Gate
Interior Details
Bedrooms: 3
Bedrooms: 1 Bedroom Down - Not Primary BR, En-Suite Bath, Primary Bed - 3rd Floor, Walk-In Closet
Full Bathrooms: 3
Half Bathrooms: 1
Master Bathrooms: 0
Interior Features: Alarm System - Owned, Balcony, Window Coverings, High Ceiling
Appliances: Electric Dryer Connection, Gas Dryer Connections
Laundry LocationType: Utility Rm in House
Kitchen Features: Breakfast Bar, Island w/o Cooktop, Kitchen open to Family Room, Pantry
Flooring: Carpet, Slate, Tile, Wood
Fireplaces: 1
Fireplace Features: Gaslog Fireplace
Living Area SqFt: 2230
Exterior Details
Year Built: 2004
Year Built Source: Appraisal District
Home Type: Townhouse/Condo
Property Sub Type: Townhouse
Architectural Style: Traditional
Construction materials: Cement Board, Stone, Wood
Foundation: Slab on Builders Pier
Roof: Composition
Exterior Features: Balcony, Fenced, Front Green Space, Patio/Deck, Sprinkler System
Financial Details
Total Taxes: $8,923
Tax Year: 2021
Tax Rate: 2.3307
Parcel Number: 124-793-001-0002
Utilities Details
Heating Type: Central Gas
Cooling Type: Central Electric
Sewer Septic: Public Sewer, Public Water
Location Details
Location: From Montrose East on Binz. North on Austin. On the Corner of Austin and Southmore
Subdivision: Oaks Southmore
HOA Details
HOA Fee: $125
HOA Fee Includes: Grounds, Limited Access Gates
HOA Fee Pay Schedule: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/29/2022
| |
3 Bed
|
3 Bath
|
2230 ft²
|
$499,000
3 Bed
3 Bath
2230 ft²
|
$606,480
+21.54%
09/02/2022
|
Clayton Katz
Compass RE Texas, LLC
|
Building Info
About South Central Houston
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Listed by: Clayton Katz, Compass RE Texas, LLC
Last Updated: 3 years ago
Data Source: HAR , MLS# 98017738
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Last Updated: 3 years ago
Data Source: HAR , MLS# 98017738
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