$725,000 Last Listed Price
●
House -
Off Market
4631 Merwin Street
Houston, TX 77027
3 Beds
2 Baths
1,910 Ft²
$4,476
Est. Monthly
$50
HOA / Fees
About This Property
Pristine, amazingly well maintained & updated Afton Oaks home with
many recent, big ticket replacements and upgrades including: Marvin
Windows; underground sewer lines replaced with PVC; recent
composition roof; water lines replaced with Pex Plumbing System;
recent neutral paint interior / exterior and Lennox high SEER HVAC
system. Tremendous curb appeal with mature, meticulously maintained
gardens front and back. MagnaLock electric driveway gate. Walls of
windows in living / dining room. Silestone clad cook's kitchen with
double convection ovens and 5 burner gas cooktop. Backyard view
from wall of windows of family room speaks to years of care by a
talented and loving gardener. 50's ranches in this condition and
degree of updating are rare. Afton Oaks is a prestigious, deed
resticted Inner Loop neighborhood with home values from $400k to
more than $5MM. Superb location near The Galleria, Highland
Village, River Oaks District, Uptown Mall and Houston's beloved
Memorial Park.
Unit Size
1,910 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$380
Property Type
House
Property Taxes
$865
HOA Dues
$50
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 #88553854)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 13, 2024 | Sold | ||
| Sold | |||
| Nov 14, 2023 | Listed by Douglas Elliman Real Estate | $725,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
|
Pristine, amazingly well maintained & updated Afton Oaks home with many recent, big ticket replacements and upgrades including: Marvin Windows; underground sewer lines replaced with PVC; recent composition roof; water lines replaced with Pex Plumbing System; recent neutral paint interior / exterior and Lennox high SEER HVAC system. Tremendous curb appeal with mature, meticulously maintained gardens front and back. MagnaLock electric driveway gate. Walls of windows in living / dining room. Silestone clad cook's kitchen with double convection ovens and 5 burner gas cooktop. Backyard view from wall of windows of family room speaks to years of care by a talented and loving gardener. 50's ranches in this condition and degree of updating are rare. Afton Oaks is a prestigious, deed resticted Inner Loop neighborhood with home values from $400k to more than $5MM. Superb location near The Galleria, Highland Village, River Oaks District, Uptown Mall and Houston's beloved Memorial Park.
| |||
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Alexander Webb, Douglas Elliman Real Estate
Last Updated: 4 months ago
Data Source: HAR , MLS# 88553854
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Last Updated: 4 months ago
Data Source: HAR , MLS# 88553854
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