$410,000 Last Listed Price
●
House -
Off Market
2518 Gerol Circle
Galveston, TX 77551
3 Beds
2 Baths
2,490 Ft²
$487,671
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
This beautifully updated ranch style home located in the lovely
Havre Lafitte neighborhood sits at the end of a cul-de-sac just
steps away from Lake Madeline. Perfect for anyone looking for
a peaceful lifestyle. Enter through a charming front courtyard,
which makes for a great place to greet the morning. The house has a
nice open concept living area with a vaulted wood beamed ceiling.
Wonderful highlights include newly installed, high-quality
engineered wood floors plantation shutters throughout and recently
remodeled bathrooms. A bonus entertainment room in the back
has a brand new murphy bed with built-in shelving
perfect for guests! The utility area has plenty of storage and
built-in laundry baskets showcasing more clever design for easy
living. The backyard features an 8 foot pool with a canvas canopy,
an an insulated covered porch with fan to keep you cool even in the
heat of the summer. Automatic sprinkler system & french drains.
Attached 2 car garage.
Unit Size
2,490 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$165
Property Type
House
Property Taxes
$654
HOA Dues
$5
Year Built
1975
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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: 6 months ago (HAR #3799109)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 21, 2021 | Sold | ||
| Sold | |||
| Jan 14, 2021 | Listed by Tom's Galveston Real Estate | $410,000 | |
| Listed by Tom's Galveston Real Estate | |||
| | |||
|
This beautifully updated ranch style home located in the lovely Havre Lafitte neighborhood sits at the end of a cul-de-sac just steps away from Lake Madeline. Perfect for anyone looking for a peaceful lifestyle. Enter through a charming front courtyard, which makes for a great place to greet the morning. The house has a nice open concept living area with a vaulted wood beamed ceiling. Wonderful highlights include newly installed, high-quality engineered wood floors plantation shutters throughout and recently remodeled bathrooms. A bonus entertainment room in the back has a brand new murphy bed with built-in shelving perfect for guests! The utility area has plenty of storage and built-in laundry baskets showcasing more clever design for easy living. The backyard features an 8 foot pool with a canvas canopy, an an insulated covered porch with fan to keep you cool even in the heat of the summer. Automatic sprinkler system & french drains. Attached 2 car garage.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
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Listed On
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HOA + Taxes
About Lake Madeline
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Listed by: Brian Kuhn, Tom's Galveston Real Estate
Last Updated: 6 months ago
Data Source: HAR , MLS# 3799109
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Last Updated: 6 months ago
Data Source: HAR , MLS# 3799109
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