$525,000 Last Listed Price
●
Land -
Off Market
3805 Aberdeen Way
Houston, TX 77025
Studio
0 Bath
$542,804
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Wonderful opportunity to build your dream home on this Braes
Heights cleared lot. Survey and soil report available. Build plans
by Todd Rice of Rice Residential Design, are partially complete.
Located in the inner-loop, community-centric neighborhood of Braes
Heights, a DESIRABLE LIFESTYLE awaits with convenient commute to
TMC, Uptown & Downtown + WALKABILITY to Mark Twain Elem, Pershing
Middle school, public library, Huckleberry Park (across the
street), Helen's Park, Karl Young Park, YMCA & other fitness, shops
& more.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$769
HOA Dues
$32
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: 5 months ago (HAR #93735979)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2022 | Listed by Martha Turner Sotheby's International Realty | $525,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Wonderful opportunity to build your dream home on this Braes Heights cleared lot. Survey and soil report available. Build plans by Todd Rice of Rice Residential Design, are partially complete. Located in the inner-loop, community-centric neighborhood of Braes Heights, a DESIRABLE LIFESTYLE awaits with convenient commute to TMC, Uptown & Downtown + WALKABILITY to Mark Twain Elem, Pershing Middle school, public library, Huckleberry Park (across the street), Helen’s Park, Karl Young Park, YMCA & other fitness, shops & more.
| |||
| Nov 20, 2020 | Sold | ||
| Sold | |||
| Oct 1, 2020 | Listed by eXp Realty, LLC | $430,000 | |
| Listed by eXp Realty, LLC | |||
| | |||
|
Great opportunity to design and build your own custom home! Is a tear down, and selling for lot value (~60'x125' lot size). Located in the Braes Heights neighborhood, 3805 Aberdeen Way is conveniently located allowing walking distance to elementary and middle schools. Easy commute to The Med Center, NRG Stadium, Downtown, and quick access to major Highways. Plenty of areas to fit your shopping and leisurely needs with Rice Village, Meyerland Plaza just a few miles away, the Galleria is just a short commute, and tons of great restaurants to choose from! The surrounding area provides plenty of amenities to stay active with Braes Bayou Trail, Karl Young Park, Weekley YMCA, and McGovern Stella Link Library just blocks away! A great opportunity for you to have your dream home built in the heart of Houston!
| |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southwest Houston
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Listed by: Margaret Vinson, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 93735979
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Last Updated: 5 months ago
Data Source: HAR , MLS# 93735979
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