$1,799,000 Last Listed Price
●
House -
Off Market
503 Timber Terrace Road
Houston, TX 77024
4 Beds
4 Baths
4,628 Ft²
$1,898,486
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Welcome to this Memorial updated Mid-century modern home designed
by the famous Phillip G. Willard. This 4628 square foot home has 4
bedrooms, 4 baths and sits on a 26,989 square foot lot that backs
up to the ravine. Recently painted inside and out with beautiful
original parquet flooring, angled windows, and exposed brick walls
enhance this classic home and is ready for you to put your final
touches on it. Don't miss out on the one-of-a-kind classic! THIS
HOME HAS NEVER FLOODED
Unit Size
4,628 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$389
Property Type
House
Property Taxes
$2,018
HOA Dues
-
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: 5 months ago (HAR #86741490)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 6, 2023 | Sold | ||
| Sold | |||
| May 4, 2023 | Listed by Nan & Company PropertiesChristie's International R | $1,790,000 | |
| Listed by Nan & Company PropertiesChristie's International R | |||
| | |||
|
Welcome to this exquisite Memorial home, a stunning example of mid-century modern architecture by the renowned Phillip G. Willard. Boasting 4 bedrooms and 4 bathrooms, this spacious 4628 square foot home is situated on an expansive 26,989 square foot lot that offers picturesque views of the surrounding ravine. Recently updated with fresh interior and exterior paint, the original parquet flooring, angled windows, and exposed brick walls imbue this classic home with a timeless charm.
The property has been professionally designed for 2023 by Mark Atkins of Masa Studio Architects, with all necessary city permits approved and ready for immediate construction upon transfer to the new owner. All plans and permits will be handed over to the next lucky owner, who will have the opportunity to put their own personal touches on this unique gem. Don't miss this rare chance to own a piece of history - and with the added peace of mind that this home has never been flooded.
| |||
| Nov 1, 2022 | Sold | ||
| Sold | |||
| Sep 12, 2022 | Listed by Nan & Company PropertiesChristie's International R | $1,799,000 | |
| Listed by Nan & Company PropertiesChristie's International R | |||
| | |||
|
Welcome to this Memorial updated Mid-century modern home designed by the famous Phillip G. Willard. This 4628 square foot home has 4 bedrooms, 4 baths and sits on a 26,989 square foot lot that backs up to the ravine. Recently painted inside and out with beautiful original parquet flooring, angled windows, and exposed brick walls enhance this classic home and is ready for you to put your final touches on it. Don't miss out on the one-of-a-kind classic! THIS HOME HAS NEVER FLOODED
| |||
Property Highlights
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Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Hardy Pollard, Nan & Company PropertiesChristie's International R
Last Updated: 5 months ago
Data Source: HAR , MLS# 86741490
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Last Updated: 5 months ago
Data Source: HAR , MLS# 86741490
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