$724,000 Last Listed Price
●
House -
Off Market
3218 Suffolk Drive
Houston, TX 77027
3 Beds
2 Baths
2,129 Ft²
$880,436
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Beautifully updated ranch style home in highly desirable Lynn Park.
Fantastic floor plan features a spacious open kitchen with large
island and breakfast bar open to family room. Home has three
generous sized bedrooms, large formal living room, formal dining
room and a great study with French doors for privacy. Beautiful
hardwood floors in living room, dining room and all bedrooms.
Master suite with en-suite bath and wall to wall built-in wardrobe
system. Hall bath was updated in 2016 with new tile, pedestal sink
and new fixtures. Custom woven grass shades throughout house.
Family room features a wall of windows and a French door to
beautiful and spacious backyard. Backyard has recently added
crushed granite and pavers in patio area and is large enough for a
pool and play area. Home has never flooded to seller's knowledge
and is currently located outside both the 100 & 500 year flood
plain.
Unit Size
2,129 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$340
Property Type
House
Property Taxes
$1,354
HOA Dues
$56
Year Built
1951
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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 #2561808)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 12, 2021 | Sold | ||
| Sold | |||
| Jan 5, 2021 | Listed by Compass RE Texas, LLC | $724,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Beautifully updated ranch style home in highly desirable Lynn Park. Fantastic floor plan features a spacious open kitchen with large island and breakfast bar open to family room. Home has three generous sized bedrooms, large formal living room, formal dining room and a great study with French doors for privacy. Beautiful hardwood floors in living room, dining room and all bedrooms. Master suite with en-suite bath and wall to wall built-in wardrobe system. Hall bath was updated in 2016 with new tile, pedestal sink and new fixtures. Custom woven grass shades throughout house. Family room features a wall of windows and a French door to beautiful and spacious backyard. Backyard has recently added crushed granite and pavers in patio area and is large enough for a pool and play area. Home has never flooded to seller's knowledge and is currently located outside both the 100 & 500 year flood plain.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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About Central Houston
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Listed by: Jean Roberts, Compass RE Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 2561808
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Last Updated: 4 months ago
Data Source: HAR , MLS# 2561808
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