$1,375,000 Last Listed Price
●
House -
Off Market
523 Terrace Drive
Houston, TX 77007
3 Beds
3 Baths,
2
Half Baths
4,367 Ft²
$1,635,481
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Desirable location with easy access to Memorial Park & Downtown.
Timeless, classic O'Connor/Gill-built home boasts a resort-style
"lock and leave" tropical oasis complete with gated entry, swimming
pool, & waterfall. The outdoor living space includes covered loggia
ideal for dining "al fresco" and (3) sets of double French doors to
the "open concept" interior spaces. The first floor is
highlighted by O'Connor/Gill signature arches defining the spaces
into multiple living and dining areas. Dual Powder Baths (up
& down) with custom detailed finishes. There are incredible views
of the swimming pool and lush landscaping from the entire first
floor and the balcony from the Primary Bedroom. Wine closet,
elevator capable. The primary suite includes a spa-inspired
bath with dual vanities, a separate shower & tub, large closet. Two
additional bedrooms with "en suite" baths, a laundry room, plus a
game or media room complete the second floor. Backyard ideal for
pets or playground equipment.
Unit Size
4,367 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$315
Property Type
House
Property Taxes
$3,044
HOA Dues
-
Year Built
2006
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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 #15080548)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2021 | Sold | ||
| Sold | |||
| Dec 4, 2020 | Listed by Compass RE Texas, LLC | $1,375,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Desirable location with easy access to Memorial Park & Downtown. Timeless, classic O'Connor/Gill-built home boasts a resort-style "lock and leave" tropical oasis complete with gated entry, swimming pool, & waterfall. The outdoor living space includes covered loggia ideal for dining "al fresco" and (3) sets of double French doors to the "open concept" interior spaces. The first floor is highlighted by O'Connor/Gill signature arches defining the spaces into multiple living and dining areas. Dual Powder Baths (up & down) with custom detailed finishes. There are incredible views of the swimming pool and lush landscaping from the entire first floor and the balcony from the Primary Bedroom. Wine closet, elevator capable. The primary suite includes a spa-inspired bath with dual vanities, a separate shower & tub, large closet. Two additional bedrooms with "en suite" baths, a laundry room, plus a game or media room complete the second floor. Backyard ideal for pets or playground equipment.
| |||
Property Highlights
Elevator
Air Conditioning
Fireplace
Garage
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
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
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Listed by: Karen Harberg, Compass RE Texas, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 15080548
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Last Updated: 5 months ago
Data Source: HAR , MLS# 15080548
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