$400,000 Last Listed Price
●
House -
Off Market
1945 Lynnview Drive
Houston, TX 77055
2 Beds
2 Baths
1,529 Ft²
$405,482
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Gorgeous Home with all the "bells and whistles". Home was
taken down to the the studs and rebuilt with double 5/8ths
sheetrock on the surrounding exterior walls. Insulation on
every exterior and interior wall to help with sound proofing
and energy efficiency. LED lights throughout. CAT 5e
wire ran throughout the home. All the plumbing was replaced using
PEX piping. New electrical wiring was ran throughout the
home, along with a new electrical box. Tankless water heater,
Roof was replaced. New driveway. Smart light switches throughout
the home. Free Range stove boasts dual fuel - Gas top with electric
convection oven. Nest IOT smoke detectors. New, 2 story shed
for storage. Huge back yard. Too many upgrades to mention!! (
Buyer to verify all dimensions and measurements )
Unit Size
1,529 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$262
Property Type
House
Property Taxes
$586
HOA Dues
-
Year Built
1955
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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 #88729630)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2022 | Sold | ||
| Sold | |||
| Feb 23, 2022 | Listed by Vanderbilt Realty | $400,000 | |
| Listed by Vanderbilt Realty | |||
| | |||
|
Gorgeous Home with all the "bells and whistles". Home was taken down to the the studs and rebuilt with double 5/8ths sheetrock on the surrounding exterior walls. Insulation on every exterior and interior wall to help with sound proofing and energy efficiency. LED lights throughout. CAT 5e wire ran throughout the home. All the plumbing was replaced using PEX piping. New electrical wiring was ran throughout the home, along with a new electrical box. Tankless water heater, Roof was replaced. New driveway. Smart light switches throughout the home. Free Range stove boasts dual fuel - Gas top with electric convection oven. Nest IOT smoke detectors. New, 2 story shed for storage. Huge back yard. Too many upgrades to mention!! ( Buyer to verify all dimensions and measurements )
| |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 19, 2018 | Listed | $210,000 | |
| Listed | |||
| | |||
|
LOOKING FOR A PROJECT? START WITH THIS CHARMING 1950S COTTAGE FULL OF CHARACTER WITH ORIGINAL WOOD FLOORS AND ORIGINAL KITCHEN!This simple cottage features two bedrooms and a garage conversion bonus room with full AC, great bones with an easy layout and open living/dining area. A screened in patio opens to a huge fully fenced backyard that takes up much of the approx. 5500 sq. ft. yard. This property is zoned to Spring Branch ISD and is just minutes away from the proposed site of the bullet train to Dallas and provides easy access to 1-10, 610, and 290, no matter where your headed, youll be on your way in minutes. All room dimensions are to be independently verified. The manager has listed the unit size as 1257 square feet.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Northwest Houston
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Listed by: David Chapa, Vanderbilt Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 88729630
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Last Updated: 4 months ago
Data Source: HAR , MLS# 88729630
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