$320,000 Last Listed Price
●
House -
Off Market
5503 Gemstone Park Road
Richmond, TX 77407
3 Beds
2 Baths
2,001 Ft²
$330,852
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model
About This Property
Lovely 3-4 BR, 2 full bathroom home in the heart of Richmond, on a
corner lot, with perfect landscaping and freshly trimmed trees.
Bamboo wood flooring throughout the main floor and open
concept layout. The kitchen has stainless steel appliances,
and granite countertops and is adjacent to the dining area and
living room. There is a bonus room on the 2nd floor that can
be used as a private bedroom, loft, game room, or home office.
The front of the house also has a flex-room that can be used
as an office as well, or formal dining room. The backyard has
a covered patio, perfect for entertaining or relaxing. Residents of
Fieldstone have access to the community pool, splashpad, and pocket
playgrounds, walking trails and private clubhouses. Close to
shopping, groceries and Grand Pkwy 99 and Westpark Tollway for easy
commutes. Zoned to highly rated Fort Bend ISD schools.
The home's foundation has been repaired and has a full
lifetime warranty transferable to the new owners.
Unit Size
2,001 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$160
Property Type
House
Property Taxes
$506
HOA Dues
$58
Year Built
2008
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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 #48428879)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2022 | Sold | ||
| Sold | |||
| Jul 21, 2022 | Listed by Keller Williams Realty -SW | $320,000 | |
| Listed by Keller Williams Realty -SW | |||
| | |||
|
Lovely 3-4 BR, 2 full bathroom home in the heart of Richmond, on a corner lot, with perfect landscaping and freshly trimmed trees. Bamboo wood flooring throughout the main floor and open concept layout. The kitchen has stainless steel appliances, and granite countertops and is adjacent to the dining area and living room. There is a bonus room on the 2nd floor that can be used as a private bedroom, loft, game room, or home office. The front of the house also has a flex-room that can be used as an office as well, or formal dining room. The backyard has a covered patio, perfect for entertaining or relaxing. Residents of Fieldstone have access to the community pool, splashpad, and pocket playgrounds, walking trails and private clubhouses. Close to shopping, groceries and Grand Pkwy 99 and Westpark Tollway for easy commutes. Zoned to highly rated Fort Bend ISD schools. The home’s foundation has been repaired and has a full lifetime warranty transferable to the new owners.
| |||
Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Fieldstone
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Listed by: Jamie Kastens, Keller Williams Realty -SW
Last Updated: 4 months ago
Data Source: HAR , MLS# 48428879
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Last Updated: 4 months ago
Data Source: HAR , MLS# 48428879
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