$4,900,000 Last Listed Price
●
House -
Off Market
3940 Inverness Drive
Houston, TX 77019
5 Beds
7 Baths,
4
Half Baths
11,737 Ft²
$4,869,436
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
Situated on approximately 2.8 acres, this River Oaks home has been
called a 'residential country club'. It has been the setting for
many grand events and a motion picture. Situated in a park-like
setting, the property offers swimming pools, lighted tennis court,
party pavilion, outdoor kitchen and bar, and multi-level patio
areas. The outdoor party pavilion is a large covered structure with
beamed ceiling, bar area, and stage. Tennis court with gallery
seating area. The interior living areas are nicely appointed with
detailed moldings and hardwood floors. The formal living and dining
rooms offer panoramic views of the wooded landscape. Primary
bedroom suite features separate dressing areas and closets,
office/sitting area, and fabulous views. The lower level is ideally
suited as a large game room and open entertaining area with wetbar
and adjoining separate dressing rooms/pool bath. Potential exercise
room on the lower level. Truly nothing else like this property in
River Oaks!
Unit Size
11,737 Ft²
Days on Market
-
Land Size
2.80 acres
Price per sqft
$417
Property Type
House
Property Taxes
-
HOA Dues
$392
Year Built
1958
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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 #47196603)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Jun 12, 2023 | Listed by Martha Turner Sotheby's International Realty | $4,900,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Situated on approximately 2.8 acres, this River Oaks home has been called a 'residential country club'. It has been the setting for many grand events and a motion picture. Situated in a park-like setting, the property offers swimming pools, lighted tennis court, party pavilion, outdoor kitchen and bar, and multi-level patio areas. The outdoor party pavilion is a large covered structure with beamed ceiling, bar area, and stage. Tennis court with gallery seating area. The interior living areas are nicely appointed with detailed moldings and hardwood floors. The formal living and dining rooms offer panoramic views of the wooded landscape. Primary bedroom suite features separate dressing areas and closets, office/sitting area, and fabulous views. The lower level is ideally suited as a large game room and open entertaining area with wetbar and adjoining separate dressing rooms/pool bath. Potential exercise room on the lower level. Truly nothing else like this property in River Oaks!
| |||
| Dec 23, 2020 | Sold | ||
| Sold | |||
| Aug 4, 2020 | Listed by Martha Turner Sotheby's | $4,495,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
Situated on approximately 2.8 acres, this River Oaks home has been called a 'residential country club'. It has been the setting for many grand events and a motion picture. The property offers three swimming pools, lighted tennis court, party pavilion, outdoor kitchen and bar, and multi-level patio areas. The formal living and dining rooms offer panoramic views of the wooded landscape. Master suite features separate dressing areas and closets, office/sitting area, and fabulous views. The lower level of the property experienced flooding during Harvey (per Seller's Disclosure Notice). Repairs have been made to the lower level. Priced at "lot value" this property is ideal to either update the current home; or build a new showplace in this private wooded setting in River Oaks.
| |||
Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Walter Bering, Martha Turner Sotheby's International Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 47196603
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Last Updated: 4 months ago
Data Source: HAR , MLS# 47196603
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