$2,200,000 Last Listed Price
●
House -
Off Market
344 Terrace Drive
Houston, TX 77007
3 Beds
3 Baths,
1
Half Bath
4,944 Ft²
$2,187,677
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Stunning Mediterranean-style home in Glen Cove designed by Robert
Dame and built by Cunningham Development. The luxurious interior
offers elegant groin vault ceilings in the entry and formal dining
room, a handsome wood-paneled study, and living room with soaring
20-foot beamed ceiling, dual sided fireplace and wall of arched
French doors overlooking the lush grounds. The expansive island
kitchen is a chef's dream with incredible storage, Thermador
appliances, butler's pantry, and bar. The primary suite is equally
impressive, with a vaulted, wood-beamed ceiling, adjacent morning
bar, and wall of French doors opening to a charming covered balcony
with fireplace. Elevator capable and second primary bedroom suite.
Outside, the loggia with summer kitchen and fireplace is perfect
for entertaining guests, while overlooking the spa and beautifully
manicured gardens. A true gem, in a prime location, just 3 blocks
from the Eastern Glades at the coveted 1500 acre Memorial Park and
golf course!
Unit Size
4,944 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$445
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008
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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 #26736297)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2023 | Sold | ||
| Sold | |||
| May 10, 2023 | Listed by Compass RE Texas, LLC | $2,200,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Stunning Mediterranean-style home in Glen Cove designed by Robert Dame and built by Cunningham Development. The luxurious interior offers elegant groin vault ceilings in the entry and formal dining room, a handsome wood-paneled study, and living room with soaring 20-foot beamed ceiling, dual sided fireplace and wall of arched French doors overlooking the lush grounds. The expansive island kitchen is a chef's dream with incredible storage, Thermador appliances, butler's pantry, and bar. The primary suite is equally impressive, with a vaulted, wood-beamed ceiling, adjacent morning bar, and wall of French doors opening to a charming covered balcony with fireplace. Elevator capable and second primary bedroom suite. Outside, the loggia with summer kitchen and fireplace is perfect for entertaining guests, while overlooking the spa and beautifully manicured gardens. A true gem, in a prime location, just 3 blocks from the Eastern Glades at the coveted 1500 acre Memorial Park and golf course!
| |||
Property Highlights
Elevator
Air Conditioning
Fireplace
Garage
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
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: Thebe Warren, Compass RE Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 26736297
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Last Updated: 4 months ago
Data Source: HAR , MLS# 26736297
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