$1,420,000 Last Listed Price
●
House -
Off Market
54 W Terrace Drive
Houston, TX 77007
4 Beds
4 Baths,
1
Half Bath
3,881 Ft²
$1,498,527
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model
About This Property
Exquisite four bedroom in one of the most distinguished Memorial
Park gated communities with a Courtesy Officer on duty. This
fabulous house was remodeled not just once but twice with the 2022
remodels including new primary bathroom, new kitchen
with marble countertops and new Miele appliances, new light
fixtures and new interior paint throughout the house, new
engineered hardwood floor. Previously added outdoor kitchen
(Viking grill), outdoor fireplace, patio and entertaining space,
fence, security systems, etc (see list of upgrades in attachments).
Elevator, sound system speakers, art lighting, elegant primary
bedroom w/sitting area and a private view of the
backyard. Living room opens up to the
beautiful outdoors with a fireplace creating a spacious
entertaining area. Fourth bedroom on the third floor can also be a
game room or study. Prestigious living in secured Arlington
Court with a walking distance to Memorial Park!
Unit Size
3,881 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$366
Property Type
House
Property Taxes
$2,144
HOA Dues
$375
Year Built
2000
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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 #90628948)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2022 | Sold | ||
| Sold | |||
| Oct 13, 2022 | Listed by Keller Williams Metropolitan | $1,420,000 | |
| Listed by Keller Williams Metropolitan | |||
| | |||
|
Exquisite four bedroom in one of the most distinguished Memorial Park gated communities with a Courtesy Officer on duty. This fabulous house was remodeled not just once but twice with the 2022 remodels including new primary bathroom, new kitchen with marble countertops and new Miele appliances, new light fixtures and new interior paint throughout the house, new engineered hardwood floor. Previously added outdoor kitchen (Viking grill), outdoor fireplace, patio and entertaining space, fence, security systems, etc (see list of upgrades in attachments). Elevator, sound system speakers, art lighting, elegant primary bedroom w/sitting area and a private view of the backyard. Living room opens up to the beautiful outdoors with a fireplace creating a spacious entertaining area. Fourth bedroom on the third floor can also be a game room or study. Prestigious living in secured Arlington Court with a walking distance to Memorial Park!
| |||
Property Highlights
Elevator
Air Conditioning
Fireplace
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: Yelena Grinina, Keller Williams Metropolitan
Last Updated: 6 months ago
Data Source: HAR , MLS# 90628948
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Last Updated: 6 months ago
Data Source: HAR , MLS# 90628948
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