43
Map
$1,175,000 Last Listed Price
●
House -
Off Market
1606 Althea Drive
Houston, TX 77018
3 Beds
3 Baths,
1
Half Bath
2,978 Ft²
$7,678
Est. Monthly
0.86%
Cap Rate
About This Property
This bold & distinctive Oak Forest home offers 3 bedrooms, 3.5
baths, plus a home office, all on one level. The living room
features 13' vaulted ceilings with wood beam accents that tie in
the cedar details outside & opens to the spacious kitchen & dining
area. The kitchen centers around a large island that serves as the
gathering space, with sleek quartz countertops & a stylish tile
backsplash, & a huge pantry. The covered 18'x16' patio features an
indoor/outdoor fireplace & overlooks a turfed backyard with a
putting green. Each bedroom has its own en-suite bath, & the home
offers generous storage throughout, including a huge utility/mud
room off the garage. The oversized garage provides plenty of space
for larger vehicles & extra storage space. Decked attic space
allows for the option to add a second floor in the future. A full
front & back sprinkler system keeps the mature landscaping
thriving. The home's thoughtful layout & custom finishes create a
warm, inviting feel throughout!
Unit Size
2,978 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$395
Property Type
House
Property Taxes
$1,908
HOA Dues
-
Year Built
2018
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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: 2 years ago (HAR #5022667)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Aug 13, 2025 | Listed by Martha Turner Sotheby's International Realty | $1,175,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| May 1, 2019 | Sold | ||
| Sold | |||
| Jan 23, 2019 | Listed by Cypress Realty Group, Inc. | $765,000 | |
| Listed by Cypress Realty Group, Inc. | |||
| | |||
|
Tucked in among Old Growth Oak Trees, this Oak Forest One Story 3/3.5/2.5 open plan WITH a study will leave no boxes unchecked. Vaulted ceilings in the living room carry through outside to a large 18’x16’ back patio that creates a perfect setting for outdoor living with an indoor/outdoor fireplace. No sharing bathrooms in this split plan with each bedroom having an en-suite bath. Custom home specs include 2x6 exterior walls, oversized garage, 10’-0” ceilings throughout, 8’ interior and exterior doors, 3’-6” Mahogany front door, pocket doors create more usable wall space, decking in the upstairs attic adds to this plans already ample storage capabilities, dual High-Efficiency Water Heaters, LED lighting throughout, custom wood cabinets and trim(no particle board), 16’-0”x8’-0” cedar garage door provides higher clearance for SUVs and larger vehicles, Trane High Efficiency (XR-16) 3-zone HVAC systems, full front and back zoned sprinkler system. Call today to schedule a private tour.
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About North Houston
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Listed by: Kelly Law, Martha Turner Sotheby's International Realty
Last Updated: 2 years ago
Data Source: HAR , MLS# 5022667
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Last Updated: 2 years ago
Data Source: HAR , MLS# 5022667
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