46
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Video Tour
$1,499,000 Last Listed Price
●
House -
Off Market
1506 Althea Drive
Houston, TX 77018
4 Beds
4 Baths,
1
Half Bath
4,451 Ft²
$9,925
Est. Monthly
0.87%
Cap Rate
About This Property
This stunning 4BR/4.5BA home has been meticulously maintained &
offers a wonderful floorplan, high ceilings, amazing natural light,
& great storage. A formal entry opens to the study & formal dining
& leads to the expansive living area overlooking the backyard w/
covered patio & outdoor kitchen. The gourmet kitchen features a
large island w/ breakfast bar & prep sink, SS appliances, breakfast
area, butler's pantry, & walk-in pantry. A sun filled primary suite
is privately situated upstairs. The spa like primary bath
offers a Jacuzzi tub, walk-in shower, large vanity w/ dual sinks,
private water closet, & large walk-in closet w/ custom built-ins &
island. The 3 guest bedrooms offer ensuite baths & walk-in closets.
A bonus room can be accessed from the large game room & provides
endless options for a media room, craft room, workout room, or
more. Zoned to Oak Forest Elementary, this home is close to many of
the best restaurants, entertainment, & shopping venues Houston has
to offer.
Unit Size
4,451 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$337
Property Type
House
Property Taxes
$2,564
HOA Dues
-
Year Built
2018
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Cap Rate Calculator
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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 #85882638)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Woodway | $1,499,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Woodway | |||
| Apr 21, 2025 | Price Decreased |
$1,550,000
↓ $50K
(3.1%) | |
| Price Decreased | |||
| Mar 20, 2025 | Listed | $1,600,000 | |
| Listed | |||
| | |||
|
This stunning 4BR/4.5BA home has been meticulously maintained & offers a wonderful floorplan, high ceilings, amazing natural light, & great storage. A formal entry opens to the study & formal dining & leads to the expansive living area overlooking the backyard w/ covered patio & outdoor kitchen. The gourmet kitchen features a large island w/ breakfast bar & prep sink, SS appliances, breakfast area, butler’s pantry, & walk-in pantry. A sun filled primary suite is privately situated upstairs. The spa like primary bath offers a Jacuzzi tub, walk-in shower, large vanity w/ dual sinks, private water closet, & large walk-in closet w/ custom built-ins & island. The 3 guest bedrooms offer ensuite baths & walk-in closets. A bonus room can be accessed from the large game room & provides endless options for a media room, craft room, workout room, or more. Zoned to Oak Forest Elementary, this home is close to many of the best restaurants, entertainment, & shopping venues Houston has to offer.
| |||
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Property Highlights
Garage
Fireplace
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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Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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HOA + Taxes
About North Houston
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Listed by: Kirsten Abney, Better Homes and Gardens Real Estate Gary Greene - Woodway
Last Updated: 4 months ago
Data Source: HAR , MLS# 85882638
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Last Updated: 4 months ago
Data Source: HAR , MLS# 85882638
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