$318,000 Last Listed Price
●
House -
Off Market
2218 Gray Falls Drive
Houston, TX 77077
3 Beds
2 Baths
1,572 Ft²
$335,586
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Well maintained and updated single story 3/2 home sited in the
middle of West Houston's Southlake community. Easy
entertaining flow from dining and family rooms through the
breakfast and updated kitchen areas. Attractive wood-look tile
flooring through-out home, including all three bedrooms. Generously
sized primary bedroom with ensuite bath has access to secluded
private patio. Professional landscaping enhances the home's front
elevation and offers appealing back yard living. Updates include
recent hot water heater, garage door opener, insulation & ductwork,
electrical panel, whole house surge protection, sewer lines and
windows. Property is part of the South Briar Community Association:
Residents enjoy a clubhouse, pool, tennis/pickleball courts,
playground and park. Conveniently located in the Energy Corridor,
close to I-10, Beltway 8, & City Centre. Short distance to great
shopping & popular restaurants. All info is per Seller.
Unit Size
1,572 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$202
Property Type
House
Property Taxes
$403
HOA Dues
$58
Year Built
1975
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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 #48768929)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 21, 2022 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Listed by Greenwood King Properties | $318,000 | |
| Listed by Greenwood King Properties | |||
| | |||
|
Well maintained and updated single story 3/2 home sited in the middle of West Houston’s Southlake community. Easy entertaining flow from dining and family rooms through the breakfast and updated kitchen areas. Attractive wood-look tile flooring through-out home, including all three bedrooms. Generously sized primary bedroom with ensuite bath has access to secluded private patio. Professional landscaping enhances the home’s front elevation and offers appealing back yard living. Updates include recent hot water heater, garage door opener, insulation & ductwork, electrical panel, whole house surge protection, sewer lines and windows. Property is part of the South Briar Community Association: Residents enjoy a clubhouse, pool, tennis/pickleball courts, playground and park. Conveniently located in the Energy Corridor, close to I-10, Beltway 8, & City Centre. Short distance to great shopping & popular restaurants. All info is per Seller.
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Victoria Staff, Greenwood King Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 48768929
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Last Updated: 4 months ago
Data Source: HAR , MLS# 48768929
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