$950,000 Last Listed Price
●
House -
Off Market
1517 Althea Drive
Houston, TX 77018
3 Beds
2 Baths,
1
Half Bath
2,720 Ft²
$6,091
Est. Monthly
$3
HOA / Fees
About This Property
Welcome to 1517 Althea, a charming single-story home in Oak Forest.
The inviting foyer leads to a dining room on the left and a powder
bath, utility room, and access to the attached two-car garage on
the right. The open-concept living area, with high ceilings,
hardwood floors, and large windows, is warm and inviting. The
kitchen, featuring a large island, ample storage, and a butler's
pantry, anchors the space. Off the kitchen, the living room has
elegant millwork and a gaslog fireplace, while the sunroom offers
flexibility as an office or playroom. Tucked away is the spacious
primary suite with a reading nook, two walk-in closets, a soaking
tub, and a large shower. The secondary bedrooms share a
jack-and-jill bath. Outside, the covered patio and spacious
backyard are ready for your personal touch. Located near Oak Forest
Elementary, this home is a rare find in a sought-after
neighborhood.
Unit Size
2,720 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$349
Property Type
House
Property Taxes
$1,423
HOA Dues
$3
Year Built
2010
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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 #70952334)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 4, 2024 | In contract | - | |
| In contract | |||
| Sep 30, 2024 | Listed by Martha Turner Sotheby's International Realty | $950,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
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Welcome to 1517 Althea, a charming single-story home in Oak Forest. The inviting foyer leads to a dining room on the left and a powder bath, utility room, and access to the attached two-car garage on the right. The open-concept living area, with high ceilings, hardwood floors, and large windows, is warm and inviting. The kitchen, featuring a large island, ample storage, and a butler’s pantry, anchors the space. Off the kitchen, the living room has elegant millwork and a gaslog fireplace, while the sunroom offers flexibility as an office or playroom. Tucked away is the spacious primary suite with a reading nook, two walk-in closets, a soaking tub, and a large shower. The secondary bedrooms share a jack-and-jill bath. Outside, the covered patio and spacious backyard are ready for your personal touch. Located near Oak Forest Elementary, this home is a rare find in a sought-after neighborhood.
| |||
Property Highlights
Air Conditioning
Fireplace
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 North Houston
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Listed by: Kelly Law, Martha Turner Sotheby's International Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 70952334
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Last Updated: 4 months ago
Data Source: HAR , MLS# 70952334
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