$299,000 Last Listed Price
●
House -
Off Market
4530 Spellman Road
Houston, TX 77035
3 Beds
3 Baths
1,884 Ft²
$297,325
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model
About This Property
Lovely white brick cottage in a great location with easy access to
the Medical Center, Galleria, Hwy 90, and the 610 Loop. Property
has had recent updates that include interior paint, refinishing of
hardwood floors, new HVAC, new refrigerator, and new dishwasher.
Rare 3 Bedroom/3 Bath floorplan plus an extra flex room that was
once the single-car garage. Flex room has been used as an office,
and is private from the rest of the home. Living/Dining/Kitchen are
open-concept with views of windows of both the front and back of
home, showering rooms with light. Home boasts recent PEX Plumbing,
a recent main drain sewer line to city's line, and recent concrete
driveway. Large mature oak tree and landscaping in front offers
beauty and shade to this South facing home. Storage shed in back
yard remains. Nice walkable neighborhood with green spaces nearby.
Not in the flood zone, and has never flooded per Seller. Home and
back yard ready for your final touches.
Unit Size
1,884 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$159
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1955
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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 #29938851)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 16, 2023 | Sold | ||
| Sold | |||
| Jun 15, 2023 | Listed by RE/MAX Signature Galleria | $299,000 | |
| Listed by RE/MAX Signature Galleria | |||
| | |||
|
Lovely white brick cottage in a great location with easy access to the Medical Center, Galleria, Hwy 90, and the 610 Loop. Property has had recent updates that include interior paint, refinishing of hardwood floors, new HVAC, new refrigerator, and new dishwasher. Rare 3 Bedroom/3 Bath floorplan plus an extra flex room that was once the single-car garage. Flex room has been used as an office, and is private from the rest of the home. Living/Dining/Kitchen are open-concept with views of windows of both the front and back of home, showering rooms with light. Home boasts recent PEX Plumbing, a recent main drain sewer line to city's line, and recent concrete driveway. Large mature oak tree and landscaping in front offers beauty and shade to this South facing home. Storage shed in back yard remains. Nice walkable neighborhood with green spaces nearby. Not in the flood zone, and has never flooded per Seller. Home and back yard ready for your final touches.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Southwest Houston
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Listed by: Margaret Tsanais, RE/MAX Signature Galleria
Last Updated: 4 months ago
Data Source: HAR , MLS# 29938851
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Last Updated: 4 months ago
Data Source: HAR , MLS# 29938851
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