$799,000 Last Listed Price
●
Land -
Off Market
512 Malone Street
Houston, TX 77007
Studio
0 Bath
$890,942
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
This cleared lot is ready for a developer to build. Subdivided into
3 lots, each 25 x 114, it gives a variety of options. Surrounded by
upscale new constructions, its close proximity to Memorial Park and
the restaurant scene on Washington Ave. make it a prime location in
Rice Military. Easy access to I 10 and Memorial Drive allow for a
quick commute to up- as well as downtown. Correct lot size
according to survey is 8,625 SF, please disregard incorrect tax
record.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$962
HOA Dues
-
Year Built
1937
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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 #2614643)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 26, 2024 | Listed by eXp Realty LLC | $1,485,000 | |
| Listed by eXp Realty LLC | |||
| | |||
|
NEW CONSTRUCTION. Located in the heart of Rice Military/Washington. This contemporary home welcomes you with two bedrooms in the first floor. The second floor boasts an open floor plan, living area with elegant fireplace, chef’s kitchen with custom cabinetry, stainless steel appliances, waterfall island, walk-in pantry and wine room. The second floor also features the spacious dining room that leads out to the large balcony, perfect for entertaining. In the third floor you will also find a the primary suit, oversized walk-in closet with packing island, primary bathroom with double sinks, soaking tub and separate shower. This home also has private driveways for extra parking. No HOA. Only a few blocks away from Memorial Park near shops, restaurants, golf course, and nature trails. Easy access to major freeways and quick drive to all that Houston has to offer
| |||
| Aug 22, 2024 | No longer available | - | |
| No longer available | |||
| Jul 3, 2024 | No longer available | - | |
| No longer available | |||
| Jul 1, 2024 | Listed by eXp Realty LLC | $1,455,900 | |
| Listed by eXp Realty LLC | |||
| | |||
|
NEW CONSTRUCTION. Located in the heart of Rice Military/Washington. This contemporary home welcomes you with two bedrooms in the first floor. The second floor boasts an open floor plan, living area with elegant fireplace, chef’s kitchen with custom cabinetry, stainless steel appliances, waterfall island, walk-in pantry and wine room. The second floor also features the spacious dining room that leads out to the large balcony, perfect for entertaining. In the third floor you will also find a the primary suit, oversized walk-in closet with packing island, primary bathroom with double sinks, soaking tub and separate shower. This home also has private driveways for extra parking. No HOA. Only a few blocks away from Memorial Park near shops, restaurants, golf course, and nature trails. Easy access to major freeways and quick drive to all that Houston has to offer
| |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Ursula Muenzel, Beth Wolff, REALTORS
Last Updated: 4 months ago
Data Source: HAR , MLS# 2614643
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Last Updated: 4 months ago
Data Source: HAR , MLS# 2614643
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