$699,000 Last Listed Price
●
Land -
Off Market
3920 Brookwoods Drive
Houston, TX 77092
Studio
0 Bath
$907,701
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model
About This Property
Rare opportunity to acquire a 1 acre+ of prime land in a close in
neighborhood - with Oak Forest to the north and Lazybrook to the
south. Comprised of two lots, this parcel is just over one
acre in size, partially cleared where the previous home was, and
wooded, with a ravine that runs through the property. Lush
foliage flanks the banks under a beautiful canopy of trees.
Fenced on three sides with an 8 foot custom cedar fence, the lot
offers great privacy for a new home. Brookwoods Estates is a
small enclave of homes located just outside Loop 610.
Comprised of large lots that cannot be subdivided, this
neighborhood is a hidden gem with new construction and custom homes
beginning to flourish. This parcel will allow for two homes
to be built - or main home with guest house, studio etc. The
possibilities are endless.
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,183
HOA Dues
-
Year Built
1960
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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: 4 months ago (HAR #3165300)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 15, 2021 | Sold | ||
| Sold | |||
| Sep 14, 2020 | Listed by Compass RE Texas, LLC | $699,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Rare opportunity to acquire a 1 acre+ of prime land in a close in neighborhood - with Oak Forest to the north and Lazybrook to the south. Comprised of two lots, this parcel is just over one acre in size, partially cleared where the previous home was, and wooded, with a ravine that runs through the property. Lush foliage flanks the banks under a beautiful canopy of trees. Fenced on three sides with an 8 foot custom cedar fence, the lot offers great privacy for a new home. Brookwoods Estates is a small enclave of homes located just outside Loop 610. Comprised of large lots that cannot be subdivided, this neighborhood is a hidden gem with new construction and custom homes beginning to flourish. This parcel will allow for two homes to be built - or main home with guest house, studio etc. The possibilities are endless.
| |||
Property Highlights
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: Rhine McNeill, Compass RE Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 3165300
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Last Updated: 4 months ago
Data Source: HAR , MLS# 3165300
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