$385,000 Last Listed Price
●
Land -
Off Market
1612 Hickory Street
Houston, TX 77007
Studio
0 Bath
$457,935
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Great cleared lot in the rapidly expanding First Ward/Arts
District. Divided into 4 lots. Total land for sale is 150 ft deep x
50 across. Build four 3 or 4 story units or even a single family
home with a huge backyard and pool. Neighborhood is a mixed
historic district with 1920s bungalows and 3-4 story townhomes with
rooftop decks. Train is a designated quiet zone. A few blocks from
Hike/Bike trail. Tons of activities close by including Momentum
Rock Climbing, Buffalo Bayou Brewery and restaurants galore. Arts
activities and markets from The Silos and other studios offer
frequent weekend entertainment. Homes selling rapidly in the
400s-600s in the area. Addresses are 1612 A, B, C, D. Lots 3,4,5,6.
Not in Flood zone.
Unit Size
-
Days on Market
-
Land Size
0.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$166
HOA Dues
-
Year Built
1925
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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 #34875880)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2021 | Sold | ||
| Sold | |||
| Apr 16, 2021 | Listed by Compass RE Texas, LLC | $385,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Great cleared lot in the rapidly expanding First Ward/Arts District. Divided into 4 lots. Total land for sale is 150 ft deep x 50 across. Build four 3 or 4 story units or even a single family home with a huge backyard and pool. Neighborhood is a mixed historic district with 1920s bungalows and 3-4 story townhomes with rooftop decks. Train is a designated quiet zone. A few blocks from Hike/Bike trail. Tons of activities close by including Momentum Rock Climbing, Buffalo Bayou Brewery and restaurants galore. Arts activities and markets from The Silos and other studios offer frequent weekend entertainment. Homes selling rapidly in the 400s-600s in the area. Addresses are 1612 A, B, C, D. Lots 3,4,5,6. Not in Flood zone.
| |||
| Jan 24, 2020 | Sold | ||
| Sold | |||
| Jul 25, 2019 | Listed by Texas State Realty | $465,000 | |
| Listed by Texas State Realty | |||
| | |||
|
Perfect 10,000 sf lot! Already cleared and re-platted for 6 townhomes - ready to build! Architectural plans/drawings included. Priced to sell! New Construction everywhere.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Central Houston
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Listed by: Jordana Ford, Compass RE Texas, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 34875880
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Last Updated: 5 months ago
Data Source: HAR , MLS# 34875880
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