$795,000 Last Listed Price
●
House -
Off Market
459 Faust Lane
Houston, TX 77024
3 Beds
2 Baths
1,361 Ft²
$4,973
Est. Monthly
$34
HOA / Fees
About This Property
A premium corner lot in the highly desirable Memorial Bend, this
never-flooded property offers an unparalleled opportunity to build
your dream home. 13,241 total lot size with 9,925 sq ft of surveyed
space. Positioned within a prestigious West Houston neighborhood,
the lot presents an impressive frontage with a side
driveway-perfect for a new build with space for a pool. Surrounded
by a blend of traditional and modern homes, this lot is steps from
bike trails,verdant parks,and abundant shopping and dining at Town
& Country Village,Memorial City and CityCentre. The unbeatable
location ensures quick access to The Galleria,Energy Corridor,and
I-10, while being zoned to acclaimed Spring Branch ISD schools.
Memorial Bend Club provides exclusive community amenities,
including pool, playground, and tennis courts. This is a rare
"As-Is, Lot Value Only" offering-ideal for builders and discerning
homeowners ready to craft an exceptional residence in one of
Houston's most sought-after enclaves.
Unit Size
1,361 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$584
Property Type
House
Property Taxes
$1,035
HOA Dues
$34
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 #32742398)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Jan 22, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | No longer available | - | |
| No longer available | |||
| Jan 16, 2025 | Listed by Keller Williams Realty Metropolitan | $795,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
| | |||
|
A premium corner lot in the highly desirable Memorial Bend, this never-flooded property offers an unparalleled opportunity to build your dream home. 13,241 total lot size with 9,925 sq ft of surveyed space. Positioned within a prestigious West Houston neighborhood, the lot presents an impressive frontage with a side driveway—perfect for a new build with space for a pool. Surrounded by a blend of traditional and modern homes, this lot is steps from bike trails,verdant parks,and abundant shopping and dining at Town & Country Village,Memorial City and CityCentre. The unbeatable location ensures quick access to The Galleria,Energy Corridor,and I-10, while being zoned to acclaimed Spring Branch ISD schools. Memorial Bend Club provides exclusive community amenities, including pool, playground, and tennis courts. This is a rare “As-Is, Lot Value Only” offering—ideal for builders and discerning homeowners ready to craft an exceptional residence in one of Houston’s most sought-after enclaves.
| |||
| Dec 24, 2024 | Listed by Keller Williams Realty Metropolitan | $795,000 | |
| Listed by Keller Williams Realty Metropolitan | |||
| | |||
|
A premium corner lot in the highly desirable Memorial Bend, this never-flooded property offers an unparalleled opportunity to build your dream home. 13,241 total lot size with 9,941 sq ft of surveyed space. Positioned within a prestigious West Houston neighborhood, the lot presents an impressive frontage with a side driveway—perfect for a new build with space for a pool. Surrounded by a blend of traditional and modern homes, this lot is steps from bike trails,verdant parks,and abundant shopping and dining at Town & Country Village,Memorial City and CityCentre. The unbeatable location ensures quick access to The Galleria,Energy Corridor,and I-10, while being zoned to acclaimed Spring Branch ISD schools. Memorial Bend Club provides exclusive community amenities, including pool, playground, and tennis courts. This is a rare “As-Is, Lot Value Only” offering—ideal for builders and discerning homeowners ready to craft an exceptional residence in one of Houston’s most sought-after enclaves.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Westside
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Listed by: Rene Sorola, Keller Williams Realty Metropolitan
Last Updated: 4 months ago
Data Source: HAR , MLS# 32742398
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Last Updated: 4 months ago
Data Source: HAR , MLS# 32742398
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