$649,000 Last Listed Price
●
House -
Off Market
4254 Drake Street
Houston, TX 77005
2 Beds
1 Bath,
1
Half Bath
1,168 Ft²
$674,985
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
PRICE DROP 4/11 ! Opportunity to own, subdivide and build either
Single Family or Town Homes in the highly coveted West University
Place area. Interior lot with no history of flooding, perfectly
positioned on quiet street offering all the amenities of this
central neighborhood; known as "The Neighborhood City." Great
location zoned to West University Elementary (Buyer to verify
eligibility). Property being sold for lot value; house in its
present condition. Attractive new construction throughout this
desirable neighborhood. Come join family friendly West University
area, which includes International Baccalaureate schools, short
walk or bike ride to Tiny's, Milk & Cookies, little league, parks,
pool &tennis. Minutes to the proposed METRORapid(BRT) Rapid
Transit direct connection network, world renowned Texas Medical
Center, Galleria and Downtown with low HISD tax rates. All
measurements & information approximate, please independently
verify, all per Seller.
Unit Size
1,168 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$556
Property Type
House
Property Taxes
$1,027
HOA Dues
-
Year Built
1948
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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 #42475118)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2023 | Sold | ||
| Sold | |||
| Mar 19, 2023 | Listed by Houston Home Realtors | $840,000 | |
| Listed by Houston Home Realtors | |||
| | |||
|
***HOME IS SCHEDULED TO START March/April 2023*****
Act now to build your dream home with your color selections and options!
Located in an EXCEPTIONAL school district, From award-winning homebuilder, ROC Homes, this 3 story, 4 BD & 3.5 BTH home features a rare "1st Floor Lifestyle" with a private driveway and attached two-car garage for comfort and convenience.
It features a lovely chef's kitchen equipped with Shaker cabinetry, granite countertops and premium Bosch stainless steel appliances. The living & dining areas boast engineered wood flooring & abundant natural light. Outside, cedar fencing surrounds a covered patio and lawn area.
Upstairs, you'll find a master suite with a huge walk-in closet, balcony & an en suite spa bathroom. 2 additional beds, a bath, a laundry room & a private study complete the second floor, and a bed, bath and large secondary living space the third floor.
See link to virtual tour below
| |||
| Sep 8, 2022 | Sold | ||
| Sold | |||
| Sep 27, 2021 | Listed by Realty Associates | $649,000 | |
| Listed by Realty Associates | |||
| | |||
|
PRICE DROP 4/11 ! Opportunity to own, subdivide and build either Single Family or Town Homes in the highly coveted West University Place area. Interior lot with no history of flooding, perfectly positioned on quiet street offering all the amenities of this central neighborhood; known as "The Neighborhood City." Great location zoned to West University Elementary (Buyer to verify eligibility). Property being sold for lot value; house in its present condition. Attractive new construction throughout this desirable neighborhood. Come join family friendly West University area, which includes International Baccalaureate schools, short walk or bike ride to Tiny's, Milk & Cookies, little league, parks, pool &tennis. Minutes to the proposed METRORapid(BRT) Rapid Transit direct connection network, world renowned Texas Medical Center, Galleria and Downtown with low HISD tax rates. All measurements & information approximate, please independently verify, all per Seller.
| |||
Property Highlights
Garage
Air Conditioning
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: Kristi Graham, Realty Associates
Last Updated: 6 months ago
Data Source: HAR , MLS# 42475118
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purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 6 months ago
Data Source: HAR , MLS# 42475118
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