$330,000 Last Listed Price
●
House -
Off Market
203 Raymond Street
Tomball, TX 77375
3 Beds
1 Bath
1,283 Ft²
$2,048
Est. Monthly
About This Property
Welcome to 203 Raymond, a vintage Tomball ranch that is now
available for sale. As a realtor, it's bittersweet to see this
income-producing short-term rental go., This property holds the
coveted designation of OLD TOWN/MIXED USE, allowing it to be
utilized as either a business or a residence. We've preserved the
vintage charm while incorporating modern updates in 2022, including
a high-efficiency HVAC system, insulation, Low-E windows, a Low-E
sliding door, fresh paint inside and out, and updated plumbing.
With warranties on the HVAC system and windows, you can rest easy.
The spacious yard offers (14000 square feetlot) ample space for a
pool, while still leaving room to enjoy. Located within walking
distance of dining, grocery stores, and festivals, this home is at
the heart of the vibrant Tomball community. Don't miss out on this
centrally located gem!
Unit Size
1,283 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$257
Property Type
House
Property Taxes
$427
HOA Dues
-
Year Built
1954
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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 #38712252)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2024 | Sold | ||
| Sold | |||
| Jan 31, 2024 | In contract | - | |
| In contract | |||
| Jan 25, 2024 | Listed by RE/MAX Elite Properties | $330,000 | |
| Listed by RE/MAX Elite Properties | |||
| | |||
|
Welcome to 203 Raymond, a vintage Tomball ranch that is now available for sale. As a realtor, it's bittersweet to see this income-producing short-term rental go., This property holds the coveted designation of OLD TOWN/MIXED USE, allowing it to be utilized as either a business or a residence. We've preserved the vintage charm while incorporating modern updates in 2022, including a high-efficiency HVAC system, insulation, Low-E windows, a Low-E sliding door, fresh paint inside and out, and updated plumbing. With warranties on the HVAC system and windows, you can rest easy. The spacious yard offers (14000 square feetlot) ample space for a pool, while still leaving room to enjoy. Located within walking distance of dining, grocery stores, and festivals, this home is at the heart of the vibrant Tomball community. Don't miss out on this centrally located gem!
| |||
Property Highlights
Garage
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 Main Street Tomball
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Listed by: Colleen Pye, RE/MAX Elite Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 38712252
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Last Updated: 4 months ago
Data Source: HAR , MLS# 38712252
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