$399,000 Last Listed Price
●
House -
Off Market
3858 Concho Key
Galveston, TX 77554
2 Beds
1 Bath
768 Ft²
$528,873
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
You won't always be able to find a home that offers views like this
one! This south-facing furnished canal home offers great views of
the bay & wetlands & a glimpse of the Gulf. Downstairs is the
perfect place to hang out & enjoy the cross breeze. The home
features an open floor plan, wood ceiling, vinyl flooring, &
several improvements have been completed over the years. 2008:The
house was taken down to the studs. Everything inside was rebuilt,
added double pane windows & cement board siding, rebuilt
downstairs, & replaced breaker box. 2011:Replaced bulkhead.
2015:Added cargo lift & "neighbor blocker" (remote-controlled storm
shutter). 2016:Replaced roof. 2017:Replaced all outside deck
boards, railing, stairs, & increased deck post from 4 to 6" on main
porch. Replaced front door & backup wall A/C unit. Painted house,
posts, & railing. Water seal on deck. Replaced boat dock, dock
canopy, added additional joists, & deck boards. Replaced water
heater. 2019- Replaced central air & ducts.
Unit Size
768 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$520
Property Type
House
Property Taxes
$447
HOA Dues
$18
Year Built
1977
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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 #93627246)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2023 | Sold | ||
| Sold | |||
| Feb 1, 2023 | Listed by BHGRE Gary Greene | $499,000 | |
| Listed by BHGRE Gary Greene | |||
| | |||
|
Experience vacation living with a breathtaking view! This fully furnished canal home boasts stunning south-facing views of the bay, wetlands, and even a peek of the Gulf. Easily enjoy the indoor and outdoor atmosphere, surrounded by an open floor plan, beautiful wood ceiling, and durable vinyl flooring. Recently renovated with top-notch upgrades, this home has been taken down to the studs, fitted with double-pane windows, and cement board siding, ensuring a long-lasting, low maintenance property. With a newer bulkhead(2011), cargo lift(2015), and roof(2016), you can enjoy a worry-free waterfront lifestyle. The outside deck has been refreshed (2017) with new deck boards, railing, stairs, and posts, and the interior has been updated with a fresh paint job, central air and ducts(2019), water heater, and more. This home is a highly sought-after vacation rental, ready to bring endless fun and memories.
| |||
| Nov 3, 2020 | Sold | ||
| Sold | |||
| Jul 29, 2020 | Listed by RE/MAX Leading Edge | $399,000 | |
| Listed by RE/MAX Leading Edge | |||
| | |||
|
You won't always be able to find a home that offers views like this one! This south-facing furnished canal home offers great views of the bay & wetlands & a glimpse of the Gulf. Downstairs is the perfect place to hang out & enjoy the cross breeze. The home features an open floor plan, wood ceiling, vinyl flooring, & several improvements have been completed over the years. 2008:The house was taken down to the studs. Everything inside was rebuilt, added double pane windows & cement board siding, rebuilt downstairs, & replaced breaker box. 2011:Replaced bulkhead. 2015:Added cargo lift & "neighbor blocker" (remote-controlled storm shutter). 2016:Replaced roof. 2017:Replaced all outside deck boards, railing, stairs, & increased deck post from 4 to 6" on main porch. Replaced front door & backup wall A/C unit. Painted house, posts, & railing. Water seal on deck. Replaced boat dock, dock canopy, added additional joists, & deck boards. Replaced water heater. 2019- Replaced central air & ducts.
| |||
Property Highlights
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With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Sea Isle
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Listed by: Nicki Huprich, RE/MAX Leading Edge
Last Updated: 6 months ago
Data Source: HAR , MLS# 93627246
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Last Updated: 6 months ago
Data Source: HAR , MLS# 93627246
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