21450 Park Timbers Lane
About This Property
Zoned to the highly coveted Hayes Elementary this home offers 3 bedrooms with a study, which has a closet and could be a 4th bedroom. Located on a quaint, quiet, dead end street and walking distance to both Hayes Elem & Memorial Pkwy Jr High, Maude Marks Library, Coffee Shops, eateries, minutes to Neighborhood Wal-Mart and HEB and just about 2 miles from I-10 for easy access to the Houston energy corridor. Memorial Parkway is an established neighborhood with 2 pool/recreational areas, parks & trails that connect into George Bush Park. One of the lowest tax rates in the area and a low annual HOA fee add to the charm of this charming community. Appliances can be included with right offer!
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 18, 2024 | Sold | ||
| Sold | |||
| Sep 25, 2024 | In contract | - | |
| In contract | |||
| Sep 14, 2024 | Listed by Greater Houston REP, Inc | $300,000 | |
| Listed by Greater Houston REP, Inc | |||
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This home has so many great offerings! Roof & Gutters replaced in 2023, HVAC system replaced in 2021, New double pane Low-E windows in 2016, interior paint in March 2024, other items updated include flooring (no carpet anywhere), toilets, faucets and more!
Zoned to the highly coveted Hayes Elementary this home offers 3 bedrooms with a study, which has a closet and could be a 4th bedroom. Located on a quaint, quiet, dead end street and walking distance to both Hayes Elem & Memorial Pkwy Jr High, Maude Marks Library, Coffee Shops, eateries, minutes to Neighborhood Wal-Mart and HEB and just about 2 miles from I-10 for easy access to the Houston energy corridor. Memorial Parkway is an established neighborhood with 2 pool/recreational areas, parks & trails that connect into George Bush Park. One of the lowest tax rates in the area and a low annual HOA fee add to the charm of this charming community. Appliances can be included with right offer!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017