$635,000 Last Listed Price
●
House -
Off Market
207 Lakemere Street
Houston, TX 77079
4 Beds
3 Baths
3,402 Ft²
$841,691
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
Location! Location! Location! Prime lot in Memorial Glen steps from
Terry Hershey Park! Nestled in a cul de sac and zoned to premier
SBSID schools. Build your dream home! Tucked away but still close
to the geographic center of Houston, I10 and Beltway 8. Nearby
enjoy shopping and entertainment at Town and Country Village as
well as City Centre. Memorial Medical minutes away. Enjoy the best
of all worlds in this little oasis. Property is for sale as a
building lot. Existing structure included As Is Where Is. Structure
was damaged from flood waters (16" interior) following emergency
release from reservoir into Buffalo Bayou during Harvey. All
wet/damaged materials removed from 1st floor immediately after
flood. A/C and heating of living area have been maintained since
dehydration.
Unit Size
3,402 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$187
Property Type
House
Property Taxes
$1,129
HOA Dues
$53
Year Built
1962
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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: 5 months ago (HAR #70776700)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2020 | Sold | ||
| Sold | |||
| Oct 14, 2020 | Listed by Martha Turner Sotheby's | $635,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
Location! Location! Location! Prime lot in Memorial Glen steps from Terry Hershey Park! Nestled in a cul de sac and zoned to premier SBSID schools. Build your dream home! Tucked away but still close to the geographic center of Houston, I10 and Beltway 8. Nearby enjoy shopping and entertainment at Town and Country Village as well as City Centre. Memorial Medical minutes away. Enjoy the best of all worlds in this little oasis. Property is for sale as a building lot. Existing structure included As Is Where Is. Structure was damaged from flood waters (16" interior) following emergency release from reservoir into Buffalo Bayou during Harvey. All wet/damaged materials removed from 1st floor immediately after flood. A/C and heating of living area have been maintained since dehydration.
| |||
Property Highlights
Air Conditioning
Fireplace
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
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Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Westside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Joann Lammons, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 70776700
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Last Updated: 5 months ago
Data Source: HAR , MLS# 70776700
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