$669,000 Last Listed Price
●
House -
Off Market
506 Redan Street
Houston, TX 77009
Studio
2 Baths
1,472 Ft²
$795,736
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Perfect place to build your dream home on oversized lot in
beautiful Woodland Heights. Current tenant is month to month.
Rent property out for income or while you are designing your
perfect home. Right down street from award winning Travis
Elementary and quick access to I-45 and all that Woodland Heights
has to offer. As-Is/Where Is. Not in historic district.
Unit Size
1,472 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$454
Property Type
House
Property Taxes
$1,347
HOA Dues
-
Year Built
1935
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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 #98949866)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2023 | Sold | ||
| Sold | |||
| Feb 22, 2023 | Listed by Connected Realty | $1,975,000 | |
| Listed by Connected Realty | |||
| | |||
|
This incredible modern farmhouse from visionary builder David Gordon of Aspire Fine Homes offers a flexible layout paired with stunning design, all on an oversized lot ONE BLOCK from Travis Elementary!! With the latest in high-end features and designer finishes selected by Dandy Interiors, this remarkable residence features open-concept living, 4 bedrooms and a game room up, an en-suite office AND 5th bedroom down, and a gigantic yard! Upon entering this gorgeous residence, you are met with a grand double height entry filled with natural light! Walk past the spacious 12x15 en-suite office before the open floorplan reveals the bar, kitchen, mudroom, dining, and living! A beautiful covered back porch overlooks the oversized yard! Upstairs you’ll be immediately greeted with a 21x14 game room before finding the luxuriously appointed laundry and 3 secondaries. The palatial master suite boasts a walk-in shower, soaker tub, double vanities, private toilet, and a spectacular 21x12 closet!
| |||
| May 24, 2021 | Sold | ||
| Sold | |||
| Apr 6, 2021 | Listed by Berkshire Hathaway HomeService | $669,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
|
Perfect place to build your dream home on oversized lot in beautiful Woodland Heights. Current tenant is month to month. Rent property out for income or while you are designing your perfect home. Right down street from award winning Travis Elementary and quick access to I-45 and all that Woodland Heights has to offer. As-Is/Where Is. Not in historic district.
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Central Houston
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Listed by: Joanna Lewis, Berkshire Hathaway HomeService
Last Updated: 5 months ago
Data Source: HAR , MLS# 98949866
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Last Updated: 5 months ago
Data Source: HAR , MLS# 98949866
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