$580,000 Last Listed Price
●
House -
Off Market
3018 E Elm Circle
Katy, TX 77493
4 Beds
2 Baths,
1
Half Bath
3,110 Ft²
$3,515
Est. Monthly
About This Property
Welcome to 3018 E Elm Cir, located in the heart of Katy. This
updated property offers comfort & functionality w/ high-quality
features. Home has never flooded, thanks to an elevated lot w/
French drains. Gas water heater was replaced in 2019, & the HVAC
system was updated in 2011, 2021, & 2022, including new units &
furnace. In 2023, home was painted inside & out, including
refreshed kitchen cabinets & new shutters. The primary shower
upgraded in 2023 w/ frameless glass door, & both front & rear doors
were replaced w/ fiberglass units. Updated kitchen boasts granite
countertops, stainless steel appliances, & an open layout to the
den. Crown molding & chair railing run throughout the home. Living
room features full masonry gas fireplace w/ complete chimney. A
cedar picket fence was installed in 2022. Garage has a 2024
epoxy-coating, fresh paint, & attic access for storage, along w/
custom cabinetry, workbench, pegboard, & overhead storage, all set
in a beautifully landscaped yard.
Unit Size
3,110 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$187
Property Type
House
Property Taxes
$667
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: 4 months ago (HAR #4649205)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Jan 9, 2025 | Listed by Compass RE Texas, LLC - Memorial | $580,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| | |||
|
Welcome to 3018 E Elm Cir, located in the heart of Katy. This updated property offers comfort & functionality w/ high-quality features. Home has never flooded, thanks to an elevated lot w/ French drains. Gas water heater was replaced in 2019, & the HVAC system was updated in 2011, 2021, & 2022, including new units & furnace. In 2023, home was painted inside & out, including refreshed kitchen cabinets & new shutters. The primary shower upgraded in 2023 w/ frameless glass door, & both front & rear doors were replaced w/ fiberglass units. Updated kitchen boasts granite countertops, stainless steel appliances, & an open layout to the den. Crown molding & chair railing run throughout the home. Living room features full masonry gas fireplace w/ complete chimney. A cedar picket fence was installed in 2022. Garage has a 2024 epoxy-coating, fresh paint, & attic access for storage, along w/ custom cabinetry, workbench, pegboard, & overhead storage, all set in a beautifully landscaped yard.
| |||
Property Highlights
Fireplace
Garage
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
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Katy
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Listed by: Dixie Hightower, Compass RE Texas, LLC - Memorial
Last Updated: 4 months ago
Data Source: HAR , MLS# 4649205
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Last Updated: 4 months ago
Data Source: HAR , MLS# 4649205
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