$825,000 Last Listed Price
↓ $5K (0.4%)
●
House -
Off Market
3518 Suffolk Drive
Houston, TX 77027
4 Beds
2 Baths,
1
Half Bath
2,865 Ft²
$5,507
Est. Monthly
$63
HOA / Fees
About This Property
This traditional single-story ranch home is a great opportunity for
the Lynn Park/Highland Village area. A generous sized home for the
area with 2,865 sq. ft. (per HCAD). The expanded floorplan offers
four bedrooms, living room, dining room, family room with sitting
area, library/office, and more! Nice outdoor spaces with grassy
backyard area, covered terrace, and additional side terrace. Lots
of new construction in the area. This home would be nice to live in
now and build on the 8,750 sq. ft. lot (per HCAD) at a later date.
Easy access to area shops, restaurants, downtown, Galleria, and
Medical Center.
Unit Size
2,865 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$288
Property Type
House
Property Taxes
$1,393
HOA Dues
$63
Year Built
1950
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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 #53888812)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Price Decreased |
$1,139,500
↓ $5K
(0.4%) | |
| Price Decreased | |||
| Mar 4, 2025 | No longer available | - | |
| No longer available | |||
| Mar 3, 2025 | Listed by Houston's Luxury Properties | $1,144,500 | |
| Listed by Houston's Luxury Properties | |||
| | |||
|
Sophisticated one story living in a meticulously renovated, modern ranch style home, located in the highly sought after Highland Village community, close to high end restaurants, retailers and upscale boutiques. This beautiful, open concept home boasts high ceilings, a fresh color palette and garden views from the main living area that is perfect for entertaining. A chef’s dream with pro-style stainless steel appliances, wine fridge, oversized island, stone counters, subway tile backsplash and plenty of storage. The large primary suite features a custom stone fireplace, sitting area, and spa-like ensuite with oversized frameless shower, soaking tub & designer accents. Mud-room off laundry and courtyard to allow easy access between indoor and outdoor living. The spacious backyard provides plenty of green space to create your perfect oasis. Ideal inner loop location with easy access to major freeways, Downtown, Medical Center, River Oaks District, and highly rated schools.
| |||
| Feb 18, 2025 | Price Decreased |
$1,149,500
↓ $75K
(6.1%) | |
| Price Decreased | |||
| Jan 28, 2025 | Price Decreased |
$1,224,500
↓ $50K
(3.9%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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HOA + Taxes
About Central Houston
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Listed by: Walter Bering, Martha Turner Sotheby's International Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 53888812
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Last Updated: 4 months ago
Data Source: HAR , MLS# 53888812
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