$950,000 Last Listed Price
●
House -
Off Market
1502 Thornton Road
Houston, TX 77018
4 Beds
4 Baths
2,391 Ft²
$944,074
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
This is it. Zoned to OFE, 1502 Thornton is a dream! 4 bedrooms and
3 full baths in the main house. Pool house is efficiency style with
a kitchenette and full private bath.Pool house is not included in
sq ft. Roof replaced in 2018. Pool heater replaced in 2019. 2021-
additional duct work added to home, new compressor and evaporator
coil. 2022- cast iron under slab replaced to PVC; engineered
hardwood floors installed throughout (not baths), updated plumbing
fixtures, microwave installed in bar off kitchen, light fixtures
updated guest bedrooms, one of the baths and guest house. Custom
cabinetry in guest bedroom- two built in desks with designated
power & lighting and Murphy bed. Custom head knockers in primary
and guest house baths, custom cabinetry in laundry. Other updates
include; french drains in backyard, gate between pool equipment and
putting green, turf backyard, sprinkler system in front, gutter
guards and so much more! *per seller
Unit Size
2,391 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$397
Property Type
House
Property Taxes
$1,192
HOA Dues
-
Year Built
1952
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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 #86086020)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2023 | Sold | ||
| Sold | |||
| Jul 27, 2023 | Listed by Steel Door Realty | $950,000 | |
| Listed by Steel Door Realty | |||
| | |||
|
This is it. Zoned to OFE, 1502 Thornton is a dream! 4 bedrooms and 3 full baths in the main house. Pool house is efficiency style with a kitchenette and full private bath.Pool house is not included in sq ft. Roof replaced in 2018. Pool heater replaced in 2019. 2021- additional duct work added to home, new compressor and evaporator coil. 2022- cast iron under slab replaced to PVC; engineered hardwood floors installed throughout (not baths), updated plumbing fixtures, microwave installed in bar off kitchen, light fixtures updated guest bedrooms, one of the baths and guest house. Custom cabinetry in guest bedroom- two built in desks with designated power & lighting and Murphy bed. Custom head knockers in primary and guest house baths, custom cabinetry in laundry. Other updates include; french drains in backyard, gate between pool equipment and putting green, turf backyard, sprinkler system in front, gutter guards and so much more! *per seller
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Baths
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HOA + Taxes
About North Houston
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Listed by: Rachel Hrncir, Steel Door Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 86086020
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Last Updated: 4 months ago
Data Source: HAR , MLS# 86086020
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