$179,900 Last Listed Price
●
House -
Off Market
1507 Cottonwood Drive
Pasadena, TX 77502
3 Beds
1 Bath
1,051 Ft²
$178,778
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
This is a great place to call HOME! Might be exactly what you are
looking for. Current owner has done so much in the last 4 years to
enhance this great house, including Whole house replumbed with PEX,
Electric updates to panel and Weather-head, Sanding and
refinishing original beautiful hardwood floors, AC system with a 10
year warranty just added within months, private Spa that is a year
old with 4 years left on warranty waiting to help ease your tired
mind and muscles, 10X8 Shed with AC and power great for a workshop
or a place to store items and free up the garage area. There is
also a lean-to area with a shower so you can rinse off before
enjoying the spa. Owner currently using garage as man cave and has
freshly sheet-rocked entire garage, would also be easy to create
another room there as it does have a private entrance. It is
obvious current owner takes pride in this home and with the lot
size it could easily be added to. Call your Realtor today to view.
Unit Size
1,051 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$171
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1954
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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 #38264775)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Aug 28, 2023 | Listed by RE/MAX RESULTS | $179,900 | |
| Listed by RE/MAX RESULTS | |||
| | |||
|
This is a great place to call HOME! Might be exactly what you are looking for. Current owner has done so much in the last 4 years to enhance this great house, including Whole house replumbed with PEX, Electric updates to panel and Weather-head, Sanding and refinishing original beautiful hardwood floors, AC system with a 10 year warranty just added within months, private Spa that is a year old with 4 years left on warranty waiting to help ease your tired mind and muscles, 10X8 Shed with AC and power great for a workshop or a place to store items and free up the garage area. There is also a lean-to area with a shower so you can rinse off before enjoying the spa. Owner currently using garage as man cave and has freshly sheet-rocked entire garage, would also be easy to create another room there as it does have a private entrance. It is obvious current owner takes pride in this home and with the lot size it could easily be added to. Call your Realtor today to view.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Southmore Plaza
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Listed by: Kimberly Walt, RE/MAX RESULTS
Last Updated: 6 months ago
Data Source: HAR , MLS# 38264775
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Last Updated: 6 months ago
Data Source: HAR , MLS# 38264775
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