12
Map
$649,000 Last Listed Price
●
House -
Off Market
2117 Mcclendon Street
Houston, TX 77030
Studio
2 Baths,
1
Half Bath
2,656 Ft²
$771,947
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
What a great opportunity to get a great sized lot in Southgate.
This home, was originally owned by Michael Debakey. It was
purchased from the estate with the plan of remodeling and updating
the home to modern standards. Plans called for the addition of a
master suite above the garage and the "back to the studs" remodel
of the rest of the home. Unfortunately, Covid intervened and the
contractor walked off the job causing a major loss in both time and
money. The current owner decided it best to just sell "as is" and
allow the next owner build new, or finish what was started. Plans
are available, as are the renderings. Please use caution when
walking the property.
Unit Size
2,656 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$244
Property Type
House
Property Taxes
$1,319
HOA Dues
$4
Year Built
1950
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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 #96131015)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2023 | Sold | ||
| Sold | |||
| Sep 23, 2021 | Listed by Martha Turner Sotheby's International Realty | $2,350,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Another exceptional home planned by Sherpa Builders. This soft contemporary brick and stucco home offers an exciting opportunity in the charming Southgate neighborhood. The floorplan features a first floor primary bedroom, additional four bedrooms and gameroom plus flex room on the second floor, and three car garage. Large lot with room for a pool. Exceptional finishes throughout. 2117 McClendon is convenient to The Medical Center, Rice University, and Downtown. Zoned to Roberts Elementary.
| |||
| May 14, 2021 | Sold | ||
| Sold | |||
| Mar 10, 2021 | Listed by HomeSmart Fine Properties | $649,000 | |
| Listed by HomeSmart Fine Properties | |||
| | |||
|
What a great opportunity to get a great sized lot in Southgate. This home, was originally owned by Michael Debakey. It was purchased from the estate with the plan of remodeling and updating the home to modern standards. Plans called for the addition of a master suite above the garage and the "back to the studs" remodel of the rest of the home. Unfortunately, Covid intervened and the contractor walked off the job causing a major loss in both time and money. The current owner decided it best to just sell "as is" and allow the next owner build new, or finish what was started. Plans are available, as are the renderings. Please use caution when walking the property.
| |||
| Mar 20, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About South Central Houston
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Listed by: Michael Magana, PRG, Realtors
Last Updated: 4 months ago
Data Source: HAR , MLS# 96131015
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Last Updated: 4 months ago
Data Source: HAR , MLS# 96131015
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