$299,000 Last Listed Price
●
House -
Off Market
1502 Clear Lake Road
Highlands, TX 77562
3 Beds
2 Baths,
1
Half Bath
2,352 Ft²
$355,643
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
This property is a one of a kind gem on the San Jacinto River.
Endless possibilities in making this place your own.
It's a huge building with a living up top and multi
functional area on the first floor. Building was built by a
commercial builder so it's build to last. It has a pier, boat
access to the river, as well as a bulk head. Beautiful
sunsets can be seen from the second story balcony. This would
be great for an investor or a handy man. Come see it today
and make this place home!
Unit Size
2,352 Ft²
Days on Market
-
Land Size
6.67 acres
Price per sqft
$127
Property Type
House
Property Taxes
$1,090
HOA Dues
-
Year Built
1996
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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: 6 months ago (HAR #13255920)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2021 | Sold | ||
| Sold | |||
| Jan 8, 2021 | Listed by Keller Williams Realty | $299,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
This property is a one of a kind gem on the San Jacinto River. Endless possibilities in making this place your own. It's a huge building with a living up top and multi functional area on the first floor. Building was built by a commercial builder so it's build to last. It has a pier, boat access to the river, as well as a bulk head. Beautiful sunsets can be seen from the second story balcony. This would be great for an investor or a handy man. Come see it today and make this place home!
| |||
| Nov 17, 2020 | No longer available | - | |
| No longer available | |||
| Aug 26, 2020 | Price Decreased |
$450,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Apr 24, 2020 | Listed by Keller Williams - Houston-Northeast | $499,999 | |
| Listed by Keller Williams - Houston-Northeast | |||
| | |||
|
This property is a one of a kind gem on the beautiful San Jacinto River. It's a huge building with a living up top and multi-functional area on the first floor. Building was built by a commercial builder so it's build to last. It has a pier, boat access to the river, as well as a bulk head. Beautiful sunsets can be seen from the second story balcony. This would be great for a investor or a handy man. Come see it today and make this lovely place home! The manager has listed the unit size as 5124 square feet.
| |||
Property Highlights
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Highlands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Michael O'Neal, Keller Williams Realty
Last Updated: 6 months ago
Data Source: HAR , MLS# 13255920
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Last Updated: 6 months ago
Data Source: HAR , MLS# 13255920
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