$1,250,000 Last Listed Price
●
House -
Off Market
46 W Terrace Drive
Houston, TX 77007
3 Beds
3 Baths
3,821 Ft²
$1,307,974
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model
About This Property
Situated within one of Memorial Park's most distinguished gated
communities, this three-bedroom, three-bathroom home with an
elevator was fabulously remodeled in 2016. Warm neutrals and
natural light beam throughout, making you feel right at home. A
grand entry boasts beautiful hardwoods leading to the formal dining
and kitchen, which features Carrara marble and stainless steel
appliances. The kitchen, study, and living room overlook a
picturesque courtyard complete with turf and a covered patio. The
primary suite offers two closets, a covered patio and a beautifully
updated master bath complete with porcelain tile, a seamless glass
shower, and a free-standing tub. A second bedroom with an ensuite
bathroom and a new spacious third bedroom offers comfortable
living. Arlington Court is monitored with a Courtesy Officer on
duty. New Updates: Hardwood floors refinished (August 2022), New
Roof (September 6, 2022), Tankless Hot Water Heater 2021.
Unit Size
3,821 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$327
Property Type
House
Property Taxes
$1,748
HOA Dues
$375
Year Built
1995
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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 #13045305)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2022 | Sold | ||
| Sold | |||
| Sep 9, 2022 | Listed by Compass RE Texas, LLC | $1,250,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Situated within one of Memorial Park’s most distinguished gated communities, this three-bedroom, three-bathroom home with an elevator was fabulously remodeled in 2016. Warm neutrals and natural light beam throughout, making you feel right at home. A grand entry boasts beautiful hardwoods leading to the formal dining and kitchen, which features Carrara marble and stainless steel appliances. The kitchen, study, and living room overlook a picturesque courtyard complete with turf and a covered patio. The primary suite offers two closets, a covered patio and a beautifully updated master bath complete with porcelain tile, a seamless glass shower, and a free-standing tub. A second bedroom with an ensuite bathroom and a new spacious third bedroom offers comfortable living. Arlington Court is monitored with a Courtesy Officer on duty. New Updates: Hardwood floors refinished (August 2022), New Roof (September 6, 2022), Tankless Hot Water Heater 2021.
| |||
Property Highlights
Elevator
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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Baths
ft²
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HOA + Taxes
About Central Houston
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Listed by: Lesley Arbuckle Lewis, Compass RE Texas, LLC
Last Updated: 6 months ago
Data Source: HAR , MLS# 13045305
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Last Updated: 6 months ago
Data Source: HAR , MLS# 13045305
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