$224,999 Last Listed Price
●
House -
Off Market
5005 Park Drive
Houston, TX 77023
2 Beds
2 Baths
1,444 Ft²
$1,736
Est. Monthly
About This Property
Discover the potential to build your dream home in the EaDo
community! Fully gated and fenced, this property offers endless
possibilities for those seeking to create a custom residence or a
nice-sized house in a prime location. With a sprawling 9,104 sq ft
lot, this can be a great investment for future development. Enjoy
quick access to Houston's major thoroughfares like the I-45, I-69,
and US Highway 90. Commuting is a breeze with the METRORail Green
Line only a few minutes away, connecting you to Downtown, Medical
Center, Museum District, and other key Houston destinations.
Exciting days await with an array of dining options nearby Nancy's
Hustle, Ninfa's, East 9 and more. Reside in a rapidly growing area
with excellent proximity to the University of Houston, plus parks
and trails including Eastwood Park, Buffalo Bayou East, and Wortham
Park Golf Course. Don't miss out on the rare chance to call this
expansive lot your own! This property is being sold AS-IS for lot
value only.
Unit Size
1,444 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$156
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1950
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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: 5 months ago (HAR #29228470)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2024 | Sold | ||
| Sold | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Sep 12, 2024 | Listed by Keller Williams Memorial | $224,999 | |
| Listed by Keller Williams Memorial | |||
| | |||
|
Discover the potential to build your dream home in the EaDo community! Fully gated and fenced, this property offers endless possibilities for those seeking to create a custom residence or a nice-sized house in a prime location. With a sprawling 9,104 sq ft lot, this can be a great investment for future development. Enjoy quick access to Houston's major thoroughfares like the I-45, I-69, and US Highway 90. Commuting is a breeze with the METRORail Green Line only a few minutes away, connecting you to Downtown, Medical Center, Museum District, and other key Houston destinations. Exciting days await with an array of dining options nearby Nancy's Hustle, Ninfa's, East 9 and more. Reside in a rapidly growing area with excellent proximity to the University of Houston, plus parks and trails including Eastwood Park, Buffalo Bayou East, and Wortham Park Golf Course. Don't miss out on the rare chance to call this expansive lot your own! This property is being sold AS-IS for lot value only.
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About South Central Houston
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Listed by: Courtney Williams, Keller Williams Memorial
Last Updated: 5 months ago
Data Source: HAR , MLS# 29228470
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Last Updated: 5 months ago
Data Source: HAR , MLS# 29228470
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