$375,000 Last Listed Price
●
House -
Off Market
1602 Drexel Drive
Katy, TX 77493
3 Beds
2 Baths
2,914 Ft²
$506,924
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Welcome Home! This beautiful home is located in the heart of Katy.
This is a great location, minutes away from the library, parks,
schools, and grocery stores. It is on a half acre and boasts a
large U shaped porch in the back yard for hosting friends/family or
just relaxing at the end of the day. There is a large back and side
yard. Entering the home, you will see a large multipurpose room to
your left. Walking through this room, you will find a large dining
room with custom built-in cabinets. Past the entryway and first
room, the bedrooms are located to your right and the living room
with two custom built-in cabinets and a fireplace are on the left.
The kitchen shows off a large island and cabinets throughout.
Granite counters throughout the home. Bedrooms have large closets
and remodeled bathrooms. The master has access to the porch, a
large walk in closet, and vanity. Large windows allow for natural
light. (Garage has plumbing for a sink/toilet, the shower is
installed.)
Unit Size
2,914 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$129
Property Type
House
Property Taxes
$570
HOA Dues
-
Year Built
1967
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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 #59422854)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2020 | Sold | ||
| Sold | |||
| Jul 17, 2020 | Listed by Weichert,REALTORS-Murray Group | $375,000 | |
| Listed by Weichert,REALTORS-Murray Group | |||
| | |||
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Welcome Home! This beautiful home is located in the heart of Katy. This is a great location, minutes away from the library, parks, schools, and grocery stores. It is on a half acre and boasts a large U shaped porch in the back yard for hosting friends/family or just relaxing at the end of the day. There is a large back and side yard. Entering the home, you will see a large multipurpose room to your left. Walking through this room, you will find a large dining room with custom built-in cabinets. Past the entryway and first room, the bedrooms are located to your right and the living room with two custom built-in cabinets and a fireplace are on the left. The kitchen shows off a large island and cabinets throughout. Granite counters throughout the home. Bedrooms have large closets and remodeled bathrooms. The master has access to the porch, a large walk in closet, and vanity. Large windows allow for natural light. (Garage has plumbing for a sink/toilet, the shower is installed.)
| |||
Property Highlights
Garage
Fireplace
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 Katy Estates
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Listed by: Brian D'Andrea, Weichert,REALTORS-Murray Group
Last Updated: 4 months ago
Data Source: HAR , MLS# 59422854
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Last Updated: 4 months ago
Data Source: HAR , MLS# 59422854
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