$500,000
●
House -
Off Market
314 RITTIMAN RD
Terrell Hills, TX 78209
3 Beds
2 Baths,
1
Half Bath
3,008 Ft²
$767,276
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model
About This Property
**Investor special!** This lovely AHISD gem is sitting on
half an acre, nestled in Terrell Hills. So much potential and
character! Complete building plans have been approved by the
city (both Architectural drawings and engineering have been
submitted and passed by city) along with a estimated appraisal of
$1,355,000.00 after renovation and addition are complete.
This is a great property to renovate or the perfect new
location for multi-family housing. The sky is the limit!
Unit Size
3,008 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$166
Property Type
House
Property Taxes
$787
HOA Dues
-
Year Built
1941
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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: 6 months ago (LERA #1261064)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 11, 2021 | No longer available | - | |
| No longer available | |||
| Aug 2, 2021 | Listed by Sophus Properties, LLC | $599,000 | |
| Listed by Sophus Properties, LLC | |||
| | |||
|
Alamo Heights 4 bedroom 3.5 baths, media room, game room with bar, study and loft area. Covered Patio...large master suite....ready to be finished out with your personal touches. All on a half acre lot. Home Vacant, No electricity...room sizes approximate....buyer responsible for determining measurements and total square footage. The manager has listed the unit size as 2800 square feet.
| |||
| Apr 17, 2018 | Sold | ||
| Sold | |||
| Sep 2, 2017 | Listed | $510,000 | |
| Listed | |||
| | |||
|
**Investor special!** This lovely AHISD gem is sitting on half an acre, nestled in Terrell Hills. So much potential and character! Complete building plans have been approved by the city (both Architectural drawings and engineering have been submitted and passed by city) along with a estimated appraisal of $1,355,000.00 after renovation and addition are complete. This is a great property to renovate or the perfect new location for multi-family housing. The sky is the limit! The manager has listed the unit size as 3008 square feet.
| |||
| Aug 4, 2017 | Listed by Keller Williams Heritage | $500,000 | |
| Listed by Keller Williams Heritage | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
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
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Listed On
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HOA + Taxes
About Uptown Broadway
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Listed by: Lynda Kilby, Keller Williams Heritage
Last Updated: 6 months ago
Data Source: LERA, MLS# 1261064
Last Updated: 6 months ago
Data Source: LERA, MLS# 1261064
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