36
Map
$380,000 Last Listed Price
●
House -
Off Market
3615 Hempstead Villa Drive
Houston, TX 77008
3 Beds
2 Baths,
1
Half Bath
1,892 Ft²
$2,682
Est. Monthly
$144
HOA / Fees
7.53%
Cap Rate
About This Property
Incredible value in Timbergrove/Lazybrook-one of Houston's hottest
neighborhoods. This updated 3-bed, 2.5-bath freestanding home in
gated Hempstead Villas offers first-floor living and is minutes
from The Heights, Galleria, Memorial Park & Washington Corridor.
Open-concept layout with soaring ceilings, fresh paint, and
engineered wood floors. The kitchen features quartz counters,
stainless appliances, gas cooktop & upgraded herringbone
backsplash. All bedrooms and laundry are upstairs, including a
spacious primary suite with jetted tub, frameless glass shower &
walk-in closet. French doors lead to a covered patio & fenced yard.
Refrigerator, washer & dryer included-move-in ready! Welcome home!
Unit Size
1,892 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$201
Property Type
House
Property Taxes
$671
HOA Dues
$144
Year Built
2007
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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 #69182939)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed by Truss Real Estate | SERHANT | $380,000 | |
| Listed by Truss Real Estate | SERHANT | |||
| Sep 8, 2020 | Sold | ||
| Sold | |||
| Jul 5, 2020 | Listed by RE/MAX Compass | $309,000 | |
| Listed by RE/MAX Compass | |||
| | |||
|
Beautiful 3/2/2 with a covered patio and fenced yard in Hempstead Villas. Fresh Interior Paint and downstairs engineered wood floors being replaced this week. The 1st-floor open floor plan has wood floors, soft neutral paint, and raised ceilings with crown molding and recessed lights. French doors in the family room lead to a covered patio and fenced yard, great for entertaining. The kitchen has granite countertops, built-in SS appliances including an electric oven, MW, and gas-cook top with a modern hood vent. The casual dining area is open to the kitchen and family room creating an open space with lots of natural light. On the 2nd floor, find 3 spacious bedrooms, 2 full baths, and the utility room. The master suite has a gorgeous ensuite bath with 2 sinks, an over-sized walk-in shower with frameless glass, and a large jetted tub. One of the guest bedrooms has French doors leading to a Juliette balcony. Enjoy the outdoors with a wonderful covered patio and fully fenced yard.
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Brian Nguyen, Truss Real Estate | SERHANT
Last Updated: 4 months ago
Data Source: HAR , MLS# 69182939
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Last Updated: 4 months ago
Data Source: HAR , MLS# 69182939
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