$1,399,999 Last Listed Price
●
House -
Off Market
3807 Drake Street
Houston, TX 77005
3 Beds
4 Baths,
1
Half Bath
3,324 Ft²
$1,419,185
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model
About This Property
Custom built in 2006(per HCAD) & renovated in 21/22, 3807 Drake is
a spectacular & lovingly cared for home with all the features
desired today, including gas generator. The just-completed kitchen
renovation showcases new shaker-style cabinets,white quartzite
counters,all new JennAir appliances,faucets & dual sinks. Interiors
sparkle with refinished oak floors,upgraded light fixtures, &
beautiful fresh white painted walls/trim.Enjoy the impressive
10,979 sf lot(per HCAD) by the stunning pool with hot tub & water
feature,large & covered outdoor kitchen/entertaining space with
fireplace & new gas grill/venthood (2022). The family room with
fireplace opens to the kitchen & overlooks the pool. In addition to
the warm, paneled study with fireplace, a home-office sits just off
the kitchen. The oversized garage apartment(720 sq ft per HCAD)
with kitchenette is the perfect getaway for houseguests or
additional office. Zones to West U Elementary(buyer to verify
eligibility). All info per seller
Unit Size
3,324 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$421
Property Type
House
Property Taxes
$2,415
HOA Dues
-
Year Built
2006
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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 #94981334)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2022 | Sold | ||
| Sold | |||
| Feb 9, 2022 | Listed by Greenwood King Properties | $1,399,999 | |
| Listed by Greenwood King Properties | |||
| | |||
|
Custom built in 2006(per HCAD) & renovated in 21/22, 3807 Drake is a spectacular & lovingly cared for home with all the features desired today, including gas generator. The just-completed kitchen renovation showcases new shaker-style cabinets,white quartzite counters,all new JennAir appliances,faucets & dual sinks. Interiors sparkle with refinished oak floors,upgraded light fixtures, & beautiful fresh white painted walls/trim.Enjoy the impressive 10,979 sf lot(per HCAD) by the stunning pool with hot tub & water feature,large & covered outdoor kitchen/entertaining space with fireplace & new gas grill/venthood (2022). The family room with fireplace opens to the kitchen & overlooks the pool. In addition to the warm, paneled study with fireplace, a home-office sits just off the kitchen. The oversized garage apartment(720 sq ft per HCAD) with kitchenette is the perfect getaway for houseguests or additional office. Zones to West U Elementary(buyer to verify eligibility). All info per seller
| |||
Property Highlights
Elevator
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: Kathleen Graf, Greenwood King Properties
Last Updated: 5 months ago
Data Source: HAR , MLS# 94981334
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Last Updated: 5 months ago
Data Source: HAR , MLS# 94981334
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