$499,000 Last Listed Price
●
House -
Off Market
3706 Mitote Drive
Galveston, TX 77554
3 Beds
3 Baths,
1
Half Bath
2,380 Ft²
$647,987
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
Glorious sunrises or amazing sunsets? You get to choose your view
from the wrap around covered deck. Did I mention the magnificent
bay views or the bird watcher's paradise? Situated on almost
1 acre. A true place of peace and tranquility. The first
floor of this remarkable home features 3 bedrooms, 3 full baths, 1
half bath and a study/office (currently used as a media room). The
open and spacious living area includes a wet bar. It opens to
the dining and kitchen. On the second floor you will find an
over-sized game room that could be used as a fourth bedroom.
The sizeable primary bedroom has plenty of windows with
awesome bay views. It also features a walk-in closet. This
spacious home would make a great full time, second home or vacation
rental. Furnishings along with the golf cart will remain with
some exclusions. The Indian Beach Subdivision features a fishing
pier, pool and tennis courts.
Unit Size
2,380 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$210
Property Type
House
Property Taxes
$780
HOA Dues
$30
Year Built
2002
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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: 5 months ago (HAR #24518161)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 5, 2023 | Sold | ||
| Sold | |||
| Aug 30, 2023 | Listed by eXp Realty, LLC | $620,000 | |
| Listed by eXp Realty, LLC | |||
| | |||
|
Bayfront Beauty! See video link. This large 2,300 sf home offers a wrap-around porch so you'll never miss the majestic island sunsets or sunrise. Your just steps away from the private fishing pier. The highly desirable Indian Beach community also offers a subdivision pool and tennis courts. The home was recently repainted on the outside. The first floor features 3 to 4 bedrooms, 3 full baths, 1 half bath. The kitchen features Granite countertops and top of the line appliances that opens up to the family room. The living area also features a wet bar! The second floor is an over sized room/loft that can be used as a game room or as another bedroom. This is an ideal home for a full time vacation home or for investment. Come see this beautiful home on the bay! There is an approximate 344 sq ft not listed on GCAD.
| |||
| Jan 28, 2021 | Sold | ||
| Sold | |||
| Dec 13, 2020 | Listed by Coldwell Banker Realty | $499,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Glorious sunrises or amazing sunsets? You get to choose your view from the wrap around covered deck. Did I mention the magnificent bay views or the bird watcher's paradise? Situated on almost 1 acre. A true place of peace and tranquility. The first floor of this remarkable home features 3 bedrooms, 3 full baths, 1 half bath and a study/office (currently used as a media room). The open and spacious living area includes a wet bar. It opens to the dining and kitchen. On the second floor you will find an over-sized game room that could be used as a fourth bedroom. The sizeable primary bedroom has plenty of windows with awesome bay views. It also features a walk-in closet. This spacious home would make a great full time, second home or vacation rental. Furnishings along with the golf cart will remain with some exclusions. The Indian Beach Subdivision features a fishing pier, pool and tennis courts.
| |||
Property Highlights
Garage
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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HOA + Taxes
About Indian Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sherry Hickman Wray, Coldwell Banker Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 24518161
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Last Updated: 5 months ago
Data Source: HAR , MLS# 24518161
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