29
Map
$815,000 Last Listed Price
●
House -
Off Market
506 Walnut Bend Lane
Houston, TX 77042
4 Beds
2 Baths,
1
Half Bath
2,877 Ft²
$5,227
Est. Monthly
$94
HOA / Fees
2.61%
Cap Rate
About This Property
Experience the allure of this beautifully situated home on a
sprawling 16,500 sqft. ravine lot in the desirable North section of
Walnut Bend. The property boasts exceptional living spaces both
indoors & out, designed for comfort & style. The chef's kitchen is
a culinary dream with granite counters, breakfast bar, gas cooktop,
& custom storage. The adjoining family room accesses the outdoor
living with vaulted ceiling, custom TV enclosure, outdoor kitchen &
pergola with fire pit. 1st floor primary suite is a tranquil
retreat, complete with spa-inspired bath & a walk-in closet. 2nd
floor accommodates 3 well-appointed bedrooms, cedar closet &
upgraded bath featuring dual sinks & abundant storage. Backyard
provides expansive green space with raised flower beds, & multiple
outdoor living areas. Residents can take advantage of community
pool, a neighborhood pool, park, & tennis courts. This home is
located minutes away from City Centre, offering an array of upscale
dining & shopping options.
Unit Size
2,877 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$283
Property Type
House
Property Taxes
$1,131
HOA Dues
$94
Year Built
1967
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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 #57308936)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 11, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 12, 2025 | Listed by Compass RE Texas, LLC - Memorial | $815,000 | |
| Listed by Compass RE Texas, LLC - Memorial | |||
| May 4, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed | $815,000 | |
| Listed | |||
| | |||
|
Experience the allure of this beautifully situated home on a sprawling 16,500 sqft. ravine lot in the desirable North section of Walnut Bend. The property boasts exceptional living spaces both indoors & out, designed for comfort & style. The chef’s kitchen is a culinary dream with granite counters, breakfast bar, gas cooktop, & custom storage. The adjoining family room accesses the outdoor living with vaulted ceiling, custom TV enclosure, outdoor kitchen & pergola with fire pit. 1st floor primary suite is a tranquil retreat, complete with spa-inspired bath & a walk-in closet. 2nd floor accommodates 3 well-appointed bedrooms, cedar closet & upgraded bath featuring dual sinks & abundant storage. Backyard provides expansive green space with raised flower beds, & multiple outdoor living areas. Residents can take advantage of community pool, a neighborhood pool, park, & tennis courts. This home is located minutes away from City Centre, offering an array of upscale dining & shopping options.
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Closing Price
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HOA + Taxes
About Westside
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Listed by: Holley Madden, Compass RE Texas, LLC - Memorial
Last Updated: 4 months ago
Data Source: HAR , MLS# 57308936
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Last Updated: 4 months ago
Data Source: HAR , MLS# 57308936
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