$890,000 Last Listed Price
●
House -
Off Market
31 Cedar Lawn Circle
Galveston, TX 77551
2 Beds
2 Baths,
1
Half Bath
3,024 Ft²
$944,189
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
Welcome to the 1927 Fletcher House, the 3rd house constructed in
sought-after Cedar Lawn. The home has recently undergone extensive
restoration, returning it to its 1927 Spanish Mediterranean form,
while bringing it into the 21st century. Enter the home to find the
living room, featuring 20 foot ceilings, fire place, & beautiful
new windows. Freshly renovated kitchen & butlers' pantry boast new
custom cabinets & new appliances. Natural light washes the entire
home. The primary suite, w/ private fireplace, updated to include a
gorgeous spa bath, brilliant tile, shower, & walk-in closet.
Upstairs offers an over-sized bedroom plus a loft/2nd living space,
which could easily be converted into 3rd bedroom. 1/2 bath down
features captivating custom tile. Finished garage would make great
game room, extra living space, 'flop'/flex space. The garage also
features new windows with views of the sprawling lot & green space.
All new electrical system & updated structural and mechanical
throughout.
Unit Size
3,024 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$294
Property Type
House
Property Taxes
$861
HOA Dues
$17
Year Built
1929
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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 #61206790)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 10, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Aug 19, 2024 | Listed by RE/MAX Leading Edge | $982,000 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
Step into the charming 1927 Fletcher House, a highly recognizable gem nestled on a corner lot in Cedar Lawn. Recently restored to its Spanish Mediterranean glory with modern updates. The living room boasts soaring ceilings, fireplace, and striking windows. Enjoy a thoughtfully renovated kitchen which includes a high-end appliance package of every chef's dream appliance carefully hidden to seamlessly blend into the cabinetry, butlers' pantry, and abundant natural light. The primary suite features a private fireplace, spa bath, walk-in shower, and walk-in closet. Upstairs offers a spacious bedroom, another full bathroom and a loft/possible third bedroom. Custom tile accents throughout, a finished garage that could also double as a game room if you so desire, and sprawling green views. Additional outdoor living space is provided on your private rooftop terrace, accessed from the second floor. Don't miss this unique opportunity to own a piece of history updated for today's lifestyle.
| |||
| Dec 29, 2022 | Sold | ||
| Sold | |||
| Dec 1, 2022 | Listed by RE/MAX Signature Galleria | $890,000 | |
| Listed by RE/MAX Signature Galleria | |||
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Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lasker Park
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Listed by: Bain McEldowney, RE/MAX Signature Galleria
Last Updated: 4 months ago
Data Source: HAR , MLS# 61206790
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Last Updated: 4 months ago
Data Source: HAR , MLS# 61206790
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