$296,000 Last Listed Price
●
House -
Off Market
5815 Iris Lane
Katy, TX 77493
3 Beds
1 Bath,
1
Half Bath
1,464 Ft²
$301,157
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Nestled in the heart of Old Katy, this ranch-style home boasts 3
bedrooms, 1.5 baths, and over 1900 square feet on a 12,600 sqft
lot. Inside, the main areas are adorned with beautiful Spanish
marble flooring that adds a touch of sophistication to the home.
The kitchen is has granite countertops and top-of-the-line
stainless steel appliances. The garage has been enclosed for study
area, sleep, or workshop area. As you step outside on a sprawling
over quarter-acre corner lot, there's a charming two-story shed
with electricity, windows, that offers endless possibilities for
your imagination. With easy access to Interstate 10, highway 99,
Katy is home to some of the best shopping and dining in the area,
but it is also located within the highly sought-after Katy
Independent School District, which boasts some of the highest
ratings in the Houston area. Never flooded. Home is tenant
occupied.
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$202
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1976
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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: 5 months ago (HAR #40095108)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 19, 2023 | Sold | ||
| Sold | |||
| Feb 21, 2023 | Listed by Keller Williams Premier RealtyKaty | $296,000 | |
| Listed by Keller Williams Premier RealtyKaty | |||
| Jun 26, 2021 | No longer available | - | |
| No longer available | |||
| May 28, 2021 | Listed by Keller Williams - Houston - Professionals | $215,000 | |
| Listed by Keller Williams - Houston - Professionals | |||
| | |||
|
Don't miss this one-story home on a large corner lot. Located just blocks away from shopping, dining, and easy access to I-10. This is the perfect opportunity to live in now and build later or remodel to suit your needs. The home has a large covered front porch, large backyard, french doors, vaulted ceilings, wood cabinets, an elegant backsplash in the kitchen, and crown molding throughout. Schedule your private tour today! The manager has listed the unit size as 1577 square feet.
| |||
| Jan 18, 2021 | No longer available | - | |
| No longer available | |||
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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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HOA + Taxes
About North Katy Terrace
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Listed by: Transito Montiel, Keller Williams Premier RealtyKaty
Last Updated: 5 months ago
Data Source: HAR , MLS# 40095108
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Last Updated: 5 months ago
Data Source: HAR , MLS# 40095108
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