318 Pine Road
About This Property
Clear Lake Shores is sought after for its island lifestyle, boat ramp for access to Lake, trails and parks. Just minutes to Kemah Boardwalk, shopping, dining & nightlife.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Jun 10, 2024 | Listed by Texas United Realty | $699,000 | |
| Listed by Texas United Realty | |||
| | |||
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Welcome home to this beautiful, 4 bed, 4 bath home in the community of Clear Lake Shores. Fresh paint & new carpet throughout. Property sits on 4 lots, double the size that most homes sit on. Roof replaced 2022. Floor plan offers private primary en suite on its own level. Primary bath has separate tub, walk-in shower, 2 walk in closets & double vanity. The main living area includes 3 beds, 2 baths, living room, kitchen, dining, extra room, loft & laundry room. Home has triple crown moulding, engineered hardwood floors, carpeted bedrooms, double sided fireplace, access to large balcony which overlooks the beautifully shaded side yard. Ground level has bonus room, full bath, workshop & garage. NO HOA. Low tax rate & in CCISD. Buyer to verify measurements. Adjoining lot listed on Ivy separately.
Clear Lake Shores is sought after for its island lifestyle, boat ramp for access to Lake, trails and parks. Just minutes to Kemah Boardwalk, shopping, dining & nightlife.
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| Jun 7, 2024 | No longer available | - | |
| No longer available | |||
| May 18, 2024 | Price Decreased |
$699,000
↓ $26K
(3.6%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017