$1,063,000 Last Listed Price
●
House -
Off Market
16716 Tern Road
Jamaica Beach, TX 77554
4 Beds
3 Baths
2,144 Ft²
$1,075,322
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
This open-concept, 4-bedroom, 3-bath canal house is unique with its
expansive and unobstructed views of West Bay. Built in 2007
for the current, original owner, the property is located on one of
the widest canals in Jamaica Beach. It is very near the
entrance to West Bay and has 89 ft. of water frontage protected by
a concrete bulkhead. Other features include an oversized boat
slip and lift, over 640 sq. ft. of deck space, ample covered patio
space underneath, a screened porch, 2- car enclosed garage, outdoor
shower, standing seam metal roof, a 5-zone sprinkler system,
elevator-ready, impact-resistant windows, gas-log fireplace,
electric central AC/Heat, electric appliances, and ceiling fans.
Primary suite on the first floor along with 2 other bedrooms,
4th bedroom with en-suite bath on the 2nd floor. Sold furnished w/
excl. This home has not been used as a rental and has been
diligently maintained. The gulf breezes, sunset views and bird
watching are breathtaking all year long.
Unit Size
2,144 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$496
Property Type
House
Property Taxes
$936
HOA Dues
$5
Year Built
2007
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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: 6 months ago (HAR #37195888)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 17, 2022 | Sold | ||
| Sold | |||
| May 25, 2022 | Listed by Sand N Sea Properties, LLC | $1,063,000 | |
| Listed by Sand N Sea Properties, LLC | |||
| | |||
|
This open-concept, 4-bedroom, 3-bath canal house is unique with its expansive and unobstructed views of West Bay. Built in 2007 for the current, original owner, the property is located on one of the widest canals in Jamaica Beach. It is very near the entrance to West Bay and has 89 ft. of water frontage protected by a concrete bulkhead. Other features include an oversized boat slip and lift, over 640 sq. ft. of deck space, ample covered patio space underneath, a screened porch, 2- car enclosed garage, outdoor shower, standing seam metal roof, a 5-zone sprinkler system, elevator-ready, impact-resistant windows, gas-log fireplace, electric central AC/Heat, electric appliances, and ceiling fans. Primary suite on the first floor along with 2 other bedrooms, 4th bedroom with en-suite bath on the 2nd floor. Sold furnished w/ excl. This home has not been used as a rental and has been diligently maintained. The gulf breezes, sunset views and bird watching are breathtaking all year long.
| |||
Property Highlights
Fireplace
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Jamaica Beach
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Listed by: Peter Van Borssum, Sand N Sea Properties, LLC
Last Updated: 6 months ago
Data Source: HAR , MLS# 37195888
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Last Updated: 6 months ago
Data Source: HAR , MLS# 37195888
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