$700,000 Last Listed Price
●
Land -
Off Market
320 Walthall Drive
Houston, TX 77022
Studio
0 Bath
$3,629
Est. Monthly
About This Property
This exclusive 1-acre land, precisely dimensioned at 208 ft x 208
ft, is ideally located to support the development of single family
homes. An exceptional chance for builders and investors, this
property offers a unique setup for innovative residential projects
in a prestigious area. Its distinct size is a key benefit,
facilitating an efficient design that requires only two driveways,
and optimizing land usage. Situated outside 100 flood risk zones,
it guarantees increased stability for any new construction.
Pre-existing utilities on site make for a swift development
process, adding to its attractiveness. Its closeness to the
renowned Kennedy Elementary School enhances its value. Acquire this
land to craft a noteworthy presence in the rapidly growing
Independence Heights where new homes sell 400K on average. An
essential acquisition for visionary real estate investors. Refer to
the attached documents for more information. Property not
subdivided.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$191
HOA Dues
-
Year Built
1969
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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 #79722476)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Jul 29, 2024 | No longer available | - | |
| No longer available | |||
| Jul 29, 2024 | Price Increased |
$775,000
↑ $75K
(10.7%) | |
| Price Increased | |||
| Jul 28, 2024 | Listed by JPAR - The Sears Group | $700,000 | |
| Listed by JPAR - The Sears Group | |||
| | |||
|
This exclusive 1-acre land, precisely dimensioned at 208 ft x 208 ft, is ideally located to support the development of single family homes. An exceptional chance for builders and investors, this property offers a unique setup for innovative residential projects in a prestigious area. Its distinct size is a key benefit, facilitating an efficient design that requires only two driveways, and optimizing land usage. Situated outside 100 flood risk zones, it guarantees increased stability for any new construction. Pre-existing utilities on site make for a swift development process, adding to its attractiveness. Its closeness to the renowned Kennedy Elementary School enhances its value. Acquire this land to craft a noteworthy presence in the rapidly growing Independence Heights where new homes sell 400K on average. An essential acquisition for visionary real estate investors. Refer to the attached documents for more information. Property not subdivided.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About North Houston
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Listed by: Kate Myhan, JPAR - The Sears Group
Last Updated: 4 months ago
Data Source: HAR , MLS# 79722476
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Last Updated: 4 months ago
Data Source: HAR , MLS# 79722476
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