$1,399,000 Last Listed Price
●
House -
Off Market
23022 Martes
Galveston, TX 77554
4 Beds
3 Baths
2,911 Ft²
$1,409,892
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
There are just not many views like this one anywhere, unobstructed
views of the Bay with soaring gulls & sea life all around, you can
fish right from your dock under the lights!! Home has also
been used as a successful rental and quotes for using this as an
investment home from local rental company is 6 figures+!! You can
have your vacation home & offset expenses with great rentability
because of beautiful updates, location, large rooms & size. The
home sits at the end of a cul de sac on a lot big enough to
add a pool and is fully fenced. Primary bedroom is huge with all
other bedrooms large and roomy. The open den has gorgeous panoramic
views of the Bay. Downstairs has a built in entertainment area,
elevator and a central air conditioned bathroom. Tons of updates
include mostly pex piping throughout, new flooring, ceiling fans,
paint, blinds, kitchen update, taller garage doors, electrical.
Great Rental income is available to qualified buyers. Ask for
more details today!
Unit Size
2,911 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$481
Property Type
House
Property Taxes
$1,066
HOA Dues
$21
Year Built
1991
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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: 6 months ago (HAR #33941615)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2022 | Sold | ||
| Sold | |||
| Apr 20, 2022 | Listed by Janke and Co Properties | $1,399,000 | |
| Listed by Janke and Co Properties | |||
| | |||
|
There are just not many views like this one anywhere, unobstructed views of the Bay with soaring gulls & sea life all around, you can fish right from your dock under the lights!! Home has also been used as a successful rental and quotes for using this as an investment home from local rental company is 6 figures+!! You can have your vacation home & offset expenses with great rentability because of beautiful updates, location, large rooms & size. The home sits at the end of a cul de sac on a lot big enough to add a pool and is fully fenced. Primary bedroom is huge with all other bedrooms large and roomy. The open den has gorgeous panoramic views of the Bay. Downstairs has a built in entertainment area, elevator and a central air conditioned bathroom. Tons of updates include mostly pex piping throughout, new flooring, ceiling fans, paint, blinds, kitchen update, taller garage doors, electrical. Great Rental income is available to qualified buyers. Ask for more details today!
| |||
Property Highlights
Elevator
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Terramar
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Currently no similar homes aroundNearby Rentals
Listed by: Marie Janke, Janke and Co Properties
Last Updated: 6 months ago
Data Source: HAR , MLS# 33941615
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Last Updated: 6 months ago
Data Source: HAR , MLS# 33941615
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