$3,195,000 Last Listed Price
●
House -
Off Market
323 Terrace Drive
Houston, TX 77007
4 Beds
5 Baths,
2
Half Baths
6,300 Ft²
$3,562,653
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Walking distance to the Eastern Glades of Memorial Park and
situated on a 20,000 plus square foot homesite, this impressive
estate offers exceptional amenities. Designer features include
limestone flooring, professional-grade kitchen appliances, and
optical projection art lighting. This special home includes a wine
room with a tasting area, a powder room highlighted by vanity
supported on Waterford crystal legs, a library featuring antique
Italian hardwood floors, a media room with theater seating adjacent
to the game room and wet bar. Owners' retreat on the first floor
contains elegant dual baths and closets. Outside features include a
pavilion with a summer kitchen, pizza oven, and fireplace,
saltwater pool with LED lighting and fountains, a mosquito system,
and a generator. Elevator installed for easy access to secondary
bedrooms.
Unit Size
6,300 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$507
Property Type
House
Property Taxes
$5,389
HOA Dues
-
Year Built
1999
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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 #6065109)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 8, 2021 | Sold | ||
| Sold | |||
| Sep 17, 2021 | Listed by Beth Wolff, REALTORS | $3,195,000 | |
| Listed by Beth Wolff, REALTORS | |||
| | |||
|
Walking distance to the Eastern Glades of Memorial Park and situated on a 20,000 plus square foot homesite, this impressive estate offers exceptional amenities. Designer features include limestone flooring, professional-grade kitchen appliances, and optical projection art lighting. This special home includes a wine room with a tasting area, a powder room highlighted by vanity supported on Waterford crystal legs, a library featuring antique Italian hardwood floors, a media room with theater seating adjacent to the game room and wet bar. Owners' retreat on the first floor contains elegant dual baths and closets. Outside features include a pavilion with a summer kitchen, pizza oven, and fireplace, saltwater pool with LED lighting and fountains, a mosquito system, and a generator. Elevator installed for easy access to secondary bedrooms.
| |||
Property Highlights
Elevator
Air Conditioning
Fireplace
Garage
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 Central Houston
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Listed by: Ed Wolff, Beth Wolff, REALTORS
Last Updated: 4 months ago
Data Source: HAR , MLS# 6065109
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Last Updated: 4 months ago
Data Source: HAR , MLS# 6065109
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