3023 Locke Lane
About This Property
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | In contract | - | |
| In contract | |||
| Apr 26, 2024 | Listed by Compass RE Texas, LLC - Houston | $1,500,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
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Nestled in prestigious River Oaks and walking distance to River Oaks Elementary, this timeless residence exudes elegance and charm. Originally built in 1938, this historic home boasts 4 bedrooms and 3.5 bathrooms, offering gracious and sophisticated living space. Upon entering, you'll be greeted by a sweeping staircase entrance and original hardwood floors throughout that add a touch of vintage allure to the interior. The main house features a seamless blend of classic and modern elements and unlimited views of the azalea garden from every window. The separate guest house provides additional versatility and convenience for hosting guests or creating a private retreat. Outside, the lush surroundings of the tree lined street create a picturesque backdrop, adding to the appeal of this distinguished residence. Part of Houston's history as the long time residence of Joan and Harry Caldwell, the former Chief of The Houston Police Department, & also featured in the movie "Terms of Endearment"
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Property Highlights
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About Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017