$199,900 Last Listed Price
●
House -
Off Market
5401 Colmesneil Street
Pearland, TX 77584
3 Beds
2 Baths
1,617 Ft²
$248,571
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model
About This Property
Whether you are looking to purchase your first home, looking to
downsize, or looking for an investment property, this is a great
opportunity! Here is your chance to purchase a 1,600+ Sqft, 3
Bedroom, 2 Bathroom home at an AFFORDABLE price. NO HOA and LOW
TAXES mean more bang for your buck! Featuring a fireplace
with double built-in study, a covered back patio, as well as an
above-ground swimming pool and large back yard, this is likely your
best option in this price range. New luxury vinyl flooring
was installed in the Living Room and entry way in March 2020. Per
Seller, DID NOT FLOOD! Within walking distance to Centennial Park
and easy access to Main Street & Broadway make this a great
location. SCHEDULE YOUR SHOWING TODAY!
Unit Size
1,617 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$124
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1974
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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 #40508408)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2023 | Sold | ||
| Sold | |||
| Nov 17, 2022 | Listed by RE/MAX Synergy | $256,000 | |
| Listed by RE/MAX Synergy | |||
| | |||
|
Nicely maintained home in the heart of Pearland with NO HOA and low tax rate. This 1600+ square foot home has tall ceilings, LVT floors and a large formal dining. The fireplace is surrounded by stately built-ins. The kitchen has a convenient bar feature open to the dining/family. The large backyard boasts a large covered patio and room to play. There was a new AC installed 10/22. There was a new water heater installed 10/21. Per previous owners, it did not flood during Harvey. It is also a short distance to Centennial Park. Easy access to FM 518 and Highway 35 make it conveniently located. SCHEDULE YOUR SHOWING TODAY!
| |||
| Mar 8, 2021 | Sold | ||
| Sold | |||
| Feb 3, 2021 | Listed by Keller Williams Hou Preferred | $199,900 | |
| Listed by Keller Williams Hou Preferred | |||
| | |||
|
Whether you are looking to purchase your first home, looking to downsize, or looking for an investment property, this is a great opportunity! Here is your chance to purchase a 1,600+ Sqft, 3 Bedroom, 2 Bathroom home at an AFFORDABLE price. NO HOA and LOW TAXES mean more bang for your buck! Featuring a fireplace with double built-in study, a covered back patio, as well as an above-ground swimming pool and large back yard, this is likely your best option in this price range. New luxury vinyl flooring was installed in the Living Room and entry way in March 2020. Per Seller, DID NOT FLOOD! Within walking distance to Centennial Park and easy access to Main Street & Broadway make this a great location. SCHEDULE YOUR SHOWING TODAY!
| |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
Beds
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ft²
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HOA + Taxes
About Pearland
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Currently no similar homes aroundNearby Rentals
Listed by: Douglas Reed, Keller Williams Hou Preferred
Last Updated: 4 months ago
Data Source: HAR , MLS# 40508408
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Last Updated: 4 months ago
Data Source: HAR , MLS# 40508408
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