$695,000 Last Listed Price
●
House -
Off Market
3754 Concho Key
Galveston, TX 77554
4 Beds
2 Baths
1,520 Ft²
$733,434
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Welcome to 3754 Concho Key. This canal home is ideally situated to
take in the bay/wetlands view of the bird sanctuary just to the
east of the home and glorious sunrises from the expansive covered
east facing deck. The property is walking distance from the Sea
Isle fishing pier, across the street from a vast area to kayak &
wade fish as well as a short boat ride to the marina for
fuel/bait/supplies and then out to the bay. The home features a
large living/dining area and kitchen that are all open to one
another in addition to 4 bedrooms, 2 bathrooms and a spacious
utility room all on a single level. 3 of the bedrooms have direct
access to the outdoor decks. Each room of the home offers wonderful
water views, you will also find over 850 sq ft of deck space for
additional entertaining and enjoying the outdoors, on the south or
east facing decks. The home is being offered furnished, and was
used in previous years as a resort rental and should do well in the
future as an STR.
Unit Size
1,520 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$457
Property Type
House
Property Taxes
$751
HOA Dues
$19
Year Built
-
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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: 6 months ago (HAR #39808877)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 18, 2022 | Sold | ||
| Sold | |||
| Jul 7, 2022 | Listed by Sand N Sea Properties, LLC | $695,000 | |
| Listed by Sand N Sea Properties, LLC | |||
| | |||
|
Welcome to 3754 Concho Key. This canal home is ideally situated to take in the bay/wetlands view of the bird sanctuary just to the east of the home and glorious sunrises from the expansive covered east facing deck. The property is walking distance from the Sea Isle fishing pier, across the street from a vast area to kayak & wade fish as well as a short boat ride to the marina for fuel/bait/supplies and then out to the bay. The home features a large living/dining area and kitchen that are all open to one another in addition to 4 bedrooms, 2 bathrooms and a spacious utility room all on a single level. 3 of the bedrooms have direct access to the outdoor decks. Each room of the home offers wonderful water views, you will also find over 850 sq ft of deck space for additional entertaining and enjoying the outdoors, on the south or east facing decks. The home is being offered furnished, and was used in previous years as a resort rental and should do well in the future as an STR.
| |||
Property Highlights
Air Conditioning
With View
Comparables
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Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Sea Isle
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Listed by: Peter Van Borssum, Sand N Sea Properties, LLC
Last Updated: 6 months ago
Data Source: HAR , MLS# 39808877
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Last Updated: 6 months ago
Data Source: HAR , MLS# 39808877
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