$450,000 Last Listed Price
●
House -
Off Market
516 Melbourne Street
Houston, TX 77022
3 Beds
2 Baths,
1
Half Bath
2,083 Ft²
$2,448
Est. Monthly
About This Property
Embrace the opportunity to own a BRAND NEW HOME located in
Northwest Houston. This new construction features an open floor
plan with plenty of stylish touches. A covered stoop entry opens to
a spacious first floor that offers a comfortable living room open
to a chef-worthy island kitchen and dining area. Enjoy an abundance
of natural light accenting gorgeous quartz countertops and
soft-close cabinets. The adjacent dining area overlooks an enormous
backyard accessible through French doors. Rounding out the 1st
floor is a mud room, storage closet, a half bath, and a walk-in
pantry. Head upstairs to find 3 bedrooms and 2 baths. Secondary
bedrooms share a Hollywood bath with a dual sink vanity. A spacious
primary, conveniently located near the laundry room, offers a
walk-in closet with a built-in dresser and shelving. Indulge in the
ensuite bath that features a large frameless shower and dual sink
vanity. The perfect blend of design and craftsmanship awaits you!
Unit Size
2,083 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$216
Property Type
House
Property Taxes
$238
HOA Dues
-
Year Built
1958
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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 #42645957)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2024 | Sold | ||
| Sold | |||
| Oct 26, 2023 | Listed by KSP | $450,000 | |
| Listed by KSP | |||
| | |||
|
Embrace the opportunity to own a BRAND NEW HOME located in Northwest Houston. This new construction features an open floor plan with plenty of stylish touches. A covered stoop entry opens to a spacious first floor that offers a comfortable living room open to a chef-worthy island kitchen and dining area. Enjoy an abundance of natural light accenting gorgeous quartz countertops and soft-close cabinets. The adjacent dining area overlooks an enormous backyard accessible through French doors. Rounding out the 1st floor is a mud room, storage closet, a half bath, and a walk-in pantry. Head upstairs to find 3 bedrooms and 2 baths. Secondary bedrooms share a Hollywood bath with a dual sink vanity. A spacious primary, conveniently located near the laundry room, offers a walk-in closet with a built-in dresser and shelving. Indulge in the ensuite bath that features a large frameless shower and dual sink vanity. The perfect blend of design and craftsmanship awaits you!
| |||
| Sep 12, 2020 | No longer available | - | |
| No longer available | |||
| Jun 5, 2020 | Listed by Keller Williams - Houston Metropolitan | $249,999 | |
| Listed by Keller Williams - Houston Metropolitan | |||
| | |||
|
12,960 lot ready to be built on. Convenient location just outside the 610 loop.
| |||
Property Highlights
Garage
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 Central Houston
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Listed by: Lauren Neely, KSP
Last Updated: 4 months ago
Data Source: HAR , MLS# 42645957
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Last Updated: 4 months ago
Data Source: HAR , MLS# 42645957
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