$529,900 Last Listed Price
●
House -
Off Market
1533 Fairview Avenue
Houston, TX 77006
2 Beds
1 Bath,
1
Half Bath
1,254 Ft²
$3,185
Est. Monthly
About This Property
This 2 bedroom, 1.5 bath FULLY updated freestanding Cherryhurst
beauty packs exceptional value into its compact size. At just 1254
sq ft, this cozy residence proves that great things come in small
packages! Boasting low property taxes, the absence of HOA
constraints, the lot size with freedom to expand (provided by the
3-car long driveway) AND not to mention, its high potential for
both short-term and long-term rentals, this property is an
investment gem! Enlivened by its sweet fenced-in porch (a lovely
starting point to welcome guests) and its lush back patio, a blank
canvas for your imagination - be it a vibrant fruit garden, a
serene pond, or simply a tranquil retreat big enough for social
events. And last but certainly not least, revel in its exceptional
location: a short walk from community amenities, tennis courts,
coffeehouses, shops and just 15 mins drive from the city's main
points of interest are the cherry on top. Furnished option - Per
seller
Unit Size
1,254 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$423
Property Type
House
Property Taxes
$583
HOA Dues
-
Year Built
1975
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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: 5 months ago (HAR #56535078)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 6, 2024 | In contract | - | |
| In contract | |||
| Oct 22, 2024 | Listed by Keller Williams Memorial | $529,900 | |
| Listed by Keller Williams Memorial | |||
| | |||
|
This 2 bedroom, 1.5 bath FULLY updated freestanding Cherryhurst beauty packs exceptional value into its compact size. At just 1254 sq ft, this cozy residence proves that great things come in small packages! Boasting low property taxes, the absence of HOA constraints, the lot size with freedom to expand (provided by the 3-car long driveway) AND not to mention, its high potential for both short-term and long-term rentals, this property is an investment gem! Enlivened by its sweet fenced-in porch (a lovely starting point to welcome guests) and its lush back patio, a blank canvas for your imagination — be it a vibrant fruit garden, a serene pond, or simply a tranquil retreat big enough for social events. And last but certainly not least, revel in its exceptional location: a short walk from community amenities, tennis courts, coffeehouses, shops and just 15 mins drive from the city’s main points of interest are the cherry on top. Furnished option - Per seller
| |||
| Aug 23, 2024 | No longer available | - | |
| No longer available | |||
| Jul 13, 2024 | Delisted | - | |
| Delisted | |||
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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: Maria Parra, Keller Williams Memorial
Last Updated: 5 months ago
Data Source: HAR , MLS# 56535078
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Last Updated: 5 months ago
Data Source: HAR , MLS# 56535078
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