33
Map
$799,000 Last Listed Price
●
House -
Off Market
2312 Suffolk Drive
Houston, TX 77027
3 Beds
2 Baths
1,996 Ft²
$5,596
Est. Monthly
About This Property
Visionaries, developers, and homebuilders, take heed! This prime
teardown opportunity in Oak Estates, the Inner Loop/Galleria's
rising star, offers a blank canvas for your architectural
masterpiece. Adjacent to the Galleria, Uptown Park, Memorial Park,
and a stone's throw from River Oaks, this spacious lot promises a
life infused with luxury and convenience. Consider its
unrivaled location: Immerse yourself in the vibrant Galleria scene,
with world-class shopping, dining, and entertainment mere steps
away. Consider the freedom to build your dream home. Soaring
ceilings, expansive glass walls, and cutting-edge amenities await
your design. Consider Oak Estates reborn: Witness the
neighborhood's transformation, where your million-dollar
masterpiece will join a prestigious enclave. More than a
property, this is a passport to an extraordinary life.
Contact us today to schedule a viewing and unleash your
vision.
Unit Size
1,996 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$400
Property Type
House
Property Taxes
$1,672
HOA Dues
-
Year Built
1949
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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: 7 months ago (HAR #66148129)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 29, 2024 | Sold | ||
| Sold | |||
| Feb 1, 2024 | In contract | - | |
| In contract | |||
| Jan 2, 2024 | Listed by PRG, Realtors | $799,000 | |
| Listed by PRG, Realtors | |||
| | |||
|
Visionaries, developers, and homebuilders, take heed! This prime teardown opportunity in Oak Estates, the Inner Loop/Galleria's rising star, offers a blank canvas for your architectural masterpiece. Adjacent to the Galleria, Uptown Park, Memorial Park, and a stone's throw from River Oaks, this spacious lot promises a life infused with luxury and convenience. Consider its unrivaled location: Immerse yourself in the vibrant Galleria scene, with world-class shopping, dining, and entertainment mere steps away. Consider the freedom to build your dream home. Soaring ceilings, expansive glass walls, and cutting-edge amenities await your design. Consider Oak Estates reborn: Witness the neighborhood's transformation, where your million-dollar masterpiece will join a prestigious enclave. More than a property, this is a passport to an extraordinary life. Contact us today to schedule a viewing and unleash your vision.
| |||
Property Highlights
Garage
Fireplace
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
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: Andrew Chong, PRG, Realtors
Last Updated: 7 months ago
Data Source: HAR , MLS# 66148129
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Last Updated: 7 months ago
Data Source: HAR , MLS# 66148129
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