$1,599,000 Last Listed Price
●
Land -
Off Market
431 Pinehaven Drive
Houston, TX 77024
Studio
0 Bath
$2,161,524
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Rare opportunity to own 26,600+ square foot, cleared lot in
close-in Memorial. Build your dream home in a parklike setting,
tucked away in an exclusive enclave just minutes from Memorial
Park, Galleria, Uptown Park, River Oaks District, The Houstonian
and offering easy access to Downtown, Texas Medical Center and both
airports. Nestled in a security patrolled community with
multi-million dollar homes, this never flooded, rectilinear lot is
approximately 240+/- feet deep and has approximately 120+/- front
feet on Pinehaven. In the hustle and bustle of what is only going
to become a more densely populated city, less than half a mile away
from Pinehaven is Houston's beloved Memorial Park. Houston's
1500-acre crown jewel is one of the largest urban parks in the
United States. As part of the Tax Increment Reinvestment Zone, the
project to more effectively integrate Post Oak Boulevard / Galleria
/ Uptown Park corridor with the natural splendor Memorial Park, is
well underway.
Unit Size
-
Days on Market
-
Land Size
0.61 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,761
HOA Dues
$150
Year Built
1985
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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 #49217650)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2020 | Sold | ||
| Sold | |||
| Jul 30, 2020 | Listed by Coldwell Banker Realty | $1,599,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Rare opportunity to own 26,600+ square foot, cleared lot in close-in Memorial. Build your dream home in a parklike setting, tucked away in an exclusive enclave just minutes from Memorial Park, Galleria, Uptown Park, River Oaks District, The Houstonian and offering easy access to Downtown, Texas Medical Center and both airports. Nestled in a security patrolled community with multi-million dollar homes, this never flooded, rectilinear lot is approximately 240+/- feet deep and has approximately 120+/- front feet on Pinehaven. In the hustle and bustle of what is only going to become a more densely populated city, less than half a mile away from Pinehaven is Houston's beloved Memorial Park. Houston's 1500-acre crown jewel is one of the largest urban parks in the United States. As part of the Tax Increment Reinvestment Zone, the project to more effectively integrate Post Oak Boulevard / Galleria / Uptown Park corridor with the natural splendor Memorial Park, is well underway.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Westside
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Currently no similar homes aroundNearby Rentals
Listed by: Alexander Webb, Coldwell Banker Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 49217650
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Last Updated: 4 months ago
Data Source: HAR , MLS# 49217650
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