$374,900 Last Listed Price
●
House -
Off Market
531 Oak Drive
Lake Jackson, TX 77566
3 Beds
2 Baths
2,236 Ft²
$383,555
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model
About This Property
Previously one owner home - the present and only second owner
purchased the home in 2019 and began the restoration. This
custom-built home was filled with original elements of the early
1960's. However, the present owner began in mid 2019 with the
thoughtful restoration to bring back the spirit of this soft
contemporary home at 531 Oak Drive in Lake Jackson. The house
underwent a drastic makeover to put the original design in the best
light while removing any unnecessary elements and implementing
timeless changes that respect the architect's legacy and original
soft contemporary traditional styling. Thoughtful and complex, the
restoration involved blending old and modern features. The
harmonious design now keeps both comfort and function in perfect
balance. With the correct approach the present owners have honored
the homes history and character by seamlessly blending
craftsmanship and the traditional character of the past with
today's modern amenities and lifestyles.
Unit Size
2,236 Ft²
Days on Market
-
Land Size
0.73 acres
Price per sqft
$168
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1962
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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: 6 months ago (HAR #19748115)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 6, 2022 | Sold | ||
| Sold | |||
| Mar 30, 2022 | Listed by Coldwell Banker Realty | $374,900 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
Previously one owner home - the present and only second owner purchased the home in 2019 and began the restoration. This custom-built home was filled with original elements of the early 1960's. However, the present owner began in mid 2019 with the thoughtful restoration to bring back the spirit of this soft contemporary home at 531 Oak Drive in Lake Jackson. The house underwent a drastic makeover to put the original design in the best light while removing any unnecessary elements and implementing timeless changes that respect the architect’s legacy and original soft contemporary traditional styling. Thoughtful and complex, the restoration involved blending old and modern features. The harmonious design now keeps both comfort and function in perfect balance. With the correct approach the present owners have honored the homes history and character by seamlessly blending craftsmanship and the traditional character of the past with today's modern amenities and lifestyles.
| |||
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
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Type
Beds
Baths
ft²
Price/ft²
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HOA + Taxes
About Lake Jackson
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Listed by: Patricia Taylor, Coldwell Banker Realty
Last Updated: 6 months ago
Data Source: HAR , MLS# 19748115
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Last Updated: 6 months ago
Data Source: HAR , MLS# 19748115
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