$525,000 Last Listed Price
●
House -
Off Market
1417 Potomac Drive
Houston, TX 77057
3 Beds
3 Baths
2,592 Ft²
$523,568
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Location, Location, Location! NO HOA DUES! Large gated lot w/only 2
homes, private gated shared drive, gorgeous mature trees, large
fenced yard w/courtyard & separate patio; security lighting.
Dramatic cathedral ceiling and lots of light in great room w/2
skylights, indirect uplighting & ceiling fans. Dry bar off formal
dining. Separate breakfast room w/skylights. Two primary ensuite
bedrooms up. Both baths have vanities, one w/oversized walk-in
shower (2018). Guest bedroom w/full bath downstairs, plantation
shutters/wood blinds. Mail slot in front door! Room for addl.
refrigerator in utility. Outdoor covered porch/balcony, 2-car
garage w/two large storage closets. You won't believe the amount of
storage in this house! Huge closet off downstairs bath, under
staircase storage, large storage closet between kitchen & breakfast
room, large storage closet between dining & den, 2 storage closets
off upstairs hallway, & 14 large built-in drawers in walk-in
closet.
Unit Size
2,592 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$203
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1970
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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 #73398826)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2023 | Sold | ||
| Sold | |||
| Jun 5, 2023 | Listed by Schultz Texas Properties | $525,000 | |
| Listed by Schultz Texas Properties | |||
| | |||
|
Location, Location, Location! NO HOA DUES! Large gated lot w/only 2 homes, private gated shared drive, gorgeous mature trees, large fenced yard w/courtyard & separate patio; security lighting. Dramatic cathedral ceiling and lots of light in great room w/2 skylights, indirect uplighting & ceiling fans. Dry bar off formal dining. Separate breakfast room w/skylights. Two primary ensuite bedrooms up. Both baths have vanities, one w/oversized walk-in shower (2018). Guest bedroom w/full bath downstairs, plantation shutters/wood blinds. Mail slot in front door! Room for addl. refrigerator in utility. Outdoor covered porch/balcony, 2-car garage w/two large storage closets. You won't believe the amount of storage in this house! Huge closet off downstairs bath, under staircase storage, large storage closet between kitchen & breakfast room, large storage closet between dining & den, 2 storage closets off upstairs hallway, & 14 large built-in drawers in walk-in closet.
| |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Westside
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Listed by: Norman Schultz, Schultz Texas Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 73398826
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Last Updated: 4 months ago
Data Source: HAR , MLS# 73398826
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