$490,000 Last Listed Price
●
House -
Off Market
1505 Spring Street
Houston, TX 77007
3 Beds
3 Baths,
1
Half Bath
2,299 Ft²
$517,097
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Chic, contemporary freestanding home located in the historic First
Ward Art district. This 3 bedroom, 3.5 bathroom home sits on a
corner lot of a friendly, gated community. The first floor has a
guest suite that can also be used as a home office or gym. Spacious
open concept living space on the second level with a huge quartz
island kitchen, balcony and a guest powder room. Large windows
throughout with custom fit, wooden designer blinds. The primary
suite is located on the third floor including two walk in closets,
dual vanities, garden tub and oversized shower. A second guest
suite is also located on the third floor. The entire fourth floor
is a private rooftop deck with gorgeous downtown views and plenty
of space to entertain. This home is surrounded by a vibrant
community of local business, breweries, and restaurants. Situated
on the Heights Hike and Bike trail, you have immediate access to
the Heights, downtown and EaDo as well as the POST Modern Mall and
Eatery.
Unit Size
2,299 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$213
Property Type
House
Property Taxes
$789
HOA Dues
$42
Year Built
2013
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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 #76729462)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2022 | Sold | ||
| Sold | |||
| Aug 26, 2022 | Listed by Berkshire Hathaway HomeServices Premier Properties | $490,000 | |
| Listed by Berkshire Hathaway HomeServices Premier Properties | |||
| | |||
|
Chic, contemporary freestanding home located in the historic First Ward Art district. This 3 bedroom, 3.5 bathroom home sits on a corner lot of a friendly, gated community. The first floor has a guest suite that can also be used as a home office or gym. Spacious open concept living space on the second level with a huge quartz island kitchen, balcony and a guest powder room. Large windows throughout with custom fit, wooden designer blinds. The primary suite is located on the third floor including two walk in closets, dual vanities, garden tub and oversized shower. A second guest suite is also located on the third floor. The entire fourth floor is a private rooftop deck with gorgeous downtown views and plenty of space to entertain. This home is surrounded by a vibrant community of local business, breweries, and restaurants. Situated on the Heights Hike and Bike trail, you have immediate access to the Heights, downtown and EaDo as well as the POST Modern Mall and Eatery.
| |||
Property Highlights
Garage
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 Central Houston
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Listed by: Christine Cummings, Berkshire Hathaway HomeServices Premier Properties
Last Updated: 6 months ago
Data Source: HAR , MLS# 76729462
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Last Updated: 6 months ago
Data Source: HAR , MLS# 76729462
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