563 Rancho Bauer Drive
About This Property
elegance. The in-home audio system, including a 7.1 surround sound theater room, offers a unique sonic experience. Custom marble vanities adorn the downstairs bathrooms, adding a touch of luxury, while designer Roman and solar shades enhance the interior's sophistication. Renovations include new PEX plumbing, electric wiring, and a 2021 Standing Seam metal roof for durability and contemporary style. Abundant picture windows bathe the home in natural light, illuminating the backyard, perfect for a dream pool or garden. Relax in the outdoor hot tub within the vast green space, ideal for both unwinding and entertaining. Discover this rare, elegant gem in a prime Houston location.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2024 | Sold | ||
| Sold | |||
| Dec 16, 2023 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Listed by Douglas Elliman Real Estate | $845,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Situated on a spacious third-acre lot, this California redwood-clad residence redefines modern comfort and
elegance. The in-home audio system, including a 7.1 surround sound theater room, offers a unique sonic experience. Custom marble vanities adorn the downstairs bathrooms, adding a touch of luxury, while designer Roman and solar shades enhance the interior's sophistication. Renovations include new PEX plumbing, electric wiring, and a 2021 Standing Seam metal roof for durability and contemporary style. Abundant picture windows bathe the home in natural light, illuminating the backyard, perfect for a dream pool or garden. Relax in the outdoor hot tub within the vast green space, ideal for both unwinding and entertaining. Discover this rare, elegant gem in a prime Houston location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017