$349,000 Last Listed Price
●
House -
Off Market
2702 Pine Street
Galveston, TX 77551
4 Beds
2 Baths,
1
Half Bath
1,550 Ft²
$368,300
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Looking for an income producing investment property that's ready to
go?! Say no more! This awesome home features 4
bedrooms, 2.5 bathrooms, a converted garage space, and an awesome
backyard perfect for entertaining guests! Location is in
prime time Galveston close to all the tourist hot spots: Moody
Gardens, Schlitterbahn, beach, Strand & more! Plenty of room
in the backyard for entertaining guests which includes a covered
outdoor patio with a palapa, outdoor kitchen, fire pit, storage
shed, and gated parking with RV hookups. The converted garage
adds a great space for a bunk room or a primary suite! This
home is in a great location, in a desired and quiet community, has
no HOA AND comes fully furnished! Make an appointment to see
your next vacation rental today!
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$225
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1990
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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: 4 months ago (HAR #38677871)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2022 | Sold | ||
| Sold | |||
| Aug 18, 2022 | Listed by Keller Williams Realty - Clear Lake/ NASA | $349,000 | |
| Listed by Keller Williams Realty - Clear Lake/ NASA | |||
| | |||
|
Looking for an income producing investment property that's ready to go?! Say no more! This awesome home features 4 bedrooms, 2.5 bathrooms, a converted garage space, and an awesome backyard perfect for entertaining guests! Location is in prime time Galveston close to all the tourist hot spots: Moody Gardens, Schlitterbahn, beach, Strand & more! Plenty of room in the backyard for entertaining guests which includes a covered outdoor patio with a palapa, outdoor kitchen, fire pit, storage shed, and gated parking with RV hookups. The converted garage adds a great space for a bunk room or a primary suite! This home is in a great location, in a desired and quiet community, has no HOA AND comes fully furnished! Make an appointment to see your next vacation rental today!
| |||
| Mar 31, 2022 | Sold | ||
| Sold | |||
| Feb 18, 2022 | Listed by Joe Tramonte Realty, Inc. | $284,500 | |
| Listed by Joe Tramonte Realty, Inc. | |||
| | |||
|
Updated 4 bedroom, 2.5 bath house with a BACKYARD OASIS in a prime Galveston location within a mile of Moody Gardens, Schlitterbahn, and Babe's Beach! The expansive outdoor space includes a thatched palapa, fully-equipped outdoor kitchen, fire pit, garden area with deck, 2 storage sheds, and gated parking with RV hookups. Oversized primary bedroom with on-suite bath and laundry area. Generous, updated kitchen space that opens into the living area for easy entertaining. This home sits in a quiet neighborhood with great schools and no HOA, making it a perfect primary residence or profitable vacation rental.
| |||
Property Highlights
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 Lake Madeline
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Listed by: Kellie Walters, Keller Williams Realty - Clear Lake/ NASA
Last Updated: 4 months ago
Data Source: HAR , MLS# 38677871
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Last Updated: 4 months ago
Data Source: HAR , MLS# 38677871
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