$1,395,000 Last Listed Price
●
House -
Off Market
3057 Locke Lane
Houston, TX 77019
3 Beds
3 Baths,
1
Half Bath
3,051 Ft²
$1,389,811
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Wonderful opportunity to renovate this gracious home or build on a
well-located lot. The first floor offers formal living and
dining, kitchen with granite counters, stainless appliances and
breakfast room, family room/den with fireplace and wet bar, and one
of two home offices. Three bedrooms, all with attached baths,
plus a second home office await on the second floor. Beautiful oak
flooring flows throughout most of the home. A pergola-covered
patio is one of multiple spaces to enjoy the outdoors in the
sizeable backyard. This home has an abundance of natural
light and an efficient floor plan. The home is to be sold
as-is with no repairs...see listing agent for recent inspection
reports. Zoned to River Oaks Elementary. Great
location walkable to area shopping and restaurants and only minutes
from downtown and the med center. Showing availability for
the interior will be very limited...showings to begin at open house
9/30. Please do not walk the lot without an appointment.
Unit Size
3,051 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$457
Property Type
House
Property Taxes
$1,901
HOA Dues
$133
Year Built
1939
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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 #93314276)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 27, 2024 | Sold | ||
| Sold | |||
| Aug 28, 2024 | In contract | - | |
| In contract | |||
| Aug 22, 2024 | Listed by Compass RE Texas, LLC - Houston | $2,595,000 | |
| Listed by Compass RE Texas, LLC - Houston | |||
| | |||
|
Located on a large lot in the desirable Avalon Place neighborhood, this property has been completely renovated from top to bottom, creating a luxurious living space. The renovation included thorough updates to the electrical and plumbing systems, ensuring everything is up-to-date and reliable. Inside, the home features four spacious bedrooms and three and a half stylish bathrooms. Every detail in the house has been carefully crafted, from the white oak hardwood floors to the marble counters and floors and the modern finishes throughout. The property also includes a large garage apartment, which could be used as a guest suite or private office. The outdoor area is a true retreat, designed for both relaxation and entertainment. It features a sparkling pool, a covered veranda perfect for outdoor dining, and beautifully landscaped greenery that adds to the peaceful atmosphere. This property isn’t just a home; it’s a showcase of modern living at its finest.
| |||
| Oct 30, 2023 | Sold | ||
| Sold | |||
| Sep 28, 2023 | Listed by Compass RE Texas, LLC | $1,395,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Wonderful opportunity to renovate this gracious home or build on a well-located lot. The first floor offers formal living and dining, kitchen with granite counters, stainless appliances and breakfast room, family room/den with fireplace and wet bar, and one of two home offices. Three bedrooms, all with attached baths, plus a second home office await on the second floor. Beautiful oak flooring flows throughout most of the home. A pergola-covered patio is one of multiple spaces to enjoy the outdoors in the sizeable backyard. This home has an abundance of natural light and an efficient floor plan. The home is to be sold as-is with no repairs...see listing agent for recent inspection reports. Zoned to River Oaks Elementary. Great location walkable to area shopping and restaurants and only minutes from downtown and the med center. Showing availability for the interior will be very limited...showings to begin at open house 9/30. Please do not walk the lot without an appointment.
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: William Dodson, Compass RE Texas, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 93314276
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Last Updated: 5 months ago
Data Source: HAR , MLS# 93314276
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