$87,500 Last Listed Price
●
House -
Off Market
501 James Street
Clute, TX 77531
2 Beds
1 Bath
1,092 Ft²
$90,467
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Looking for a great place to create a home? This might be it, home
has endless possibilities especially with additional lot that is to
the left of the home. You could build a whole other house or have a
place for a shop or oversized garage. Home needs a little TLC to
bring it back to its original glory but this is a great way to earn
sweat equity. Home has original hardwood flooring that just needs
to be refinished, some sheetrock work and paint and you would have
a total different look. The add on room can have multiple uses, man
cave, formal dining, extra bedroom or just lots of storage. Great
1/4+ lot, space for everyone and it's a dead end street so not a
lot of traffic. Great place to come home to at the end of a day.
Call a Realtor today for more information or to schedule an
appointment.
Unit Size
1,092 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$80
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1953
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Cap Rate Calculator
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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 #84258444)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2022 | Sold | ||
| Sold | |||
| Nov 3, 2021 | Listed by RE/MAX RESULTS | $87,500 | |
| Listed by RE/MAX RESULTS | |||
| | |||
|
Looking for a great place to create a home? This might be it, home has endless possibilities especially with additional lot that is to the left of the home. You could build a whole other house or have a place for a shop or oversized garage. Home needs a little TLC to bring it back to its original glory but this is a great way to earn sweat equity. Home has original hardwood flooring that just needs to be refinished, some sheetrock work and paint and you would have a total different look. The add on room can have multiple uses, man cave, formal dining, extra bedroom or just lots of storage. Great 1/4+ lot, space for everyone and it's a dead end street so not a lot of traffic. Great place to come home to at the end of a day. Call a Realtor today for more information or to schedule an appointment.
| |||
Property Highlights
Air Conditioning
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 Clute
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kimberly Walt, RE/MAX RESULTS
Last Updated: 6 months ago
Data Source: HAR , MLS# 84258444
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Last Updated: 6 months ago
Data Source: HAR , MLS# 84258444
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