$300,000 Last Listed Price
●
House -
Off Market
4514 Mcdermed Drive
Houston, TX 77035
3 Beds
2 Baths
2,229 Ft²
$298,884
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
About This Property
Nestled within the charming Willow Meadows subdivision, this quaint
1950s-era home offers a timeless canvas for those with a vision to
transform it into a modern oasis. With 3 spacious bedrooms, 2
bathrooms, formal den, living room, and formal dining, this
property invites you to embark on a journey of renovation and
restoration. Located on a cul-de-sac, the large front yard features
mature trees and greenery, offering both privacy and a touch of
serenity. While currently boasting vintage cabinetry and
countertops, the layout lends itself to a spacious, open-plan
redesign. Imagine a contemporary kitchen with stainless steel
appliances, granite countertops, and an island with seating for
casual dining. This home offers the best of both worlds-vintage
charm and modern convenience. Close to local schools, parks,
shopping centers, and located in the tranquility of a quiet
residential area. Schedule your showing today!
Unit Size
2,229 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$135
Property Type
House
Property Taxes
$540
HOA Dues
$33
Year Built
1956
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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 #78734568)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2023 | Sold | ||
| Sold | |||
| Sep 14, 2023 | Listed by Keller Williams Signature | $300,000 | |
| Listed by Keller Williams Signature | |||
| | |||
|
Nestled within the charming Willow Meadows subdivision, this quaint 1950s-era home offers a timeless canvas for those with a vision to transform it into a modern oasis. With 3 spacious bedrooms, 2 bathrooms, formal den, living room, and formal dining, this property invites you to embark on a journey of renovation and restoration. Located on a cul-de-sac, the large front yard features mature trees and greenery, offering both privacy and a touch of serenity. While currently boasting vintage cabinetry and countertops, the layout lends itself to a spacious, open-plan redesign. Imagine a contemporary kitchen with stainless steel appliances, granite countertops, and an island with seating for casual dining. This home offers the best of both worlds—vintage charm and modern convenience. Close to local schools, parks, shopping centers, and located in the tranquility of a quiet residential area. Schedule your showing today!
| |||
Property Highlights
Garage
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: Tiffani Reynolds, Keller Williams Signature
Last Updated: 4 months ago
Data Source: HAR , MLS# 78734568
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Last Updated: 4 months ago
Data Source: HAR , MLS# 78734568
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