$1,899,000 Last Listed Price
●
House -
Off Market
2903 Lafayette Street
West University Place, TX 77005
5 Beds
5 Baths
4,751 Ft²
$2,092,139
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model
About This Property
Stunning New Orleans style 5 bedroom, 5 bath home in West U! Rare
75' wide lot (7,500 sf per HCAD) in the middle of the block on
Lafayette, which is a quiet street that only encompasses two blocks
between Buffalo Speedway and Wakeforest. Chic lacquered office,
wallpapered dining room with silk curtains and custom window
treatments throughout. Marble kitchen opens to living room with
fireplace and built ins. Second floor game room with built in desks
and storage. ELEVATOR installed in 2018 goes all the way to
the third floor! Double front porches as well as a sizable primary
suite porch. Five bedroom options (one on third floor with full
bath). The huge wood beamed outdoor pavilion is a perfect spot for
entertaining or grilling, and there is also plenty of grass due to
the width of the lot. Recent water heaters and AC units.
Abundant parking with a double wide driveway that leads to 2
car carport and 2 car garage.
Unit Size
4,751 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$400
Property Type
House
Property Taxes
$2,536
HOA Dues
-
Year Built
1992
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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: 5 months ago (HAR #6973822)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2021 | Sold | ||
| Sold | |||
| Sep 21, 2021 | Listed by New Leaf Real Estate | $1,899,000 | |
| Listed by New Leaf Real Estate | |||
| | |||
|
Stunning New Orleans style 5 bedroom, 5 bath home in West U! Rare 75' wide lot (7,500 sf per HCAD) in the middle of the block on Lafayette, which is a quiet street that only encompasses two blocks between Buffalo Speedway and Wakeforest. Chic lacquered office, wallpapered dining room with silk curtains and custom window treatments throughout. Marble kitchen opens to living room with fireplace and built ins. Second floor game room with built in desks and storage. ELEVATOR installed in 2018 goes all the way to the third floor! Double front porches as well as a sizable primary suite porch. Five bedroom options (one on third floor with full bath). The huge wood beamed outdoor pavilion is a perfect spot for entertaining or grilling, and there is also plenty of grass due to the width of the lot. Recent water heaters and AC units. Abundant parking with a double wide driveway that leads to 2 car carport and 2 car garage.
| |||
Property Highlights
Elevator
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southwest Houston
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Listed by: Virginia Andrews Jackson, New Leaf Real Estate
Last Updated: 5 months ago
Data Source: HAR , MLS# 6973822
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Last Updated: 5 months ago
Data Source: HAR , MLS# 6973822
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