$880,000 Last Listed Price
●
House -
Off Market
720 Bomar
Houston, TX 77006
3 Beds
2 Baths,
1
Half Bath
2,594 Ft²
$1,156,177
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
Originally a classic, brick Craftsman, this home was taken down to
the studs and completely remodeled in 2012. While carefully
maintaining the charm and feel of the 1920s exterior, the interior
was modernized to give the home all the conveniences of today's
homes. As you walk through the door from the inviting front
porch, you are greeted with the same open living spaces you would
find in new construction. The open floor plan lends itself to
grand entertaining, yet the living areas feel cozy complete with
wood burning fireplace. There are dining and living areas, in
addition to the fabulous kitchen and family room, plus an extra
room that the owners use as a play room. Located in the heart of
Montrose, this corner lot enjoys an impressive, fully fenced yard
and sits next to a very small neighborhood park. Upstairs you will
find 3 bedrooms, 2 baths. Just off the Primary bedroom there is a
study and even a balcony overlooking the park.
Unit Size
2,594 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$339
Property Type
House
Property Taxes
$1,600
HOA Dues
-
Year Built
1920
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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 #63602105)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 17, 2020 | Sold | ||
| Sold | |||
| Oct 27, 2020 | Listed by Compass RE Texas, LLC | $880,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Originally a classic, brick Craftsman, this home was taken down to the studs and completely remodeled in 2012. While carefully maintaining the charm and feel of the 1920s exterior, the interior was modernized to give the home all the conveniences of today's homes. As you walk through the door from the inviting front porch, you are greeted with the same open living spaces you would find in new construction. The open floor plan lends itself to grand entertaining, yet the living areas feel cozy complete with wood burning fireplace. There are dining and living areas, in addition to the fabulous kitchen and family room, plus an extra room that the owners use as a play room. Located in the heart of Montrose, this corner lot enjoys an impressive, fully fenced yard and sits next to a very small neighborhood park. Upstairs you will find 3 bedrooms, 2 baths. Just off the Primary bedroom there is a study and even a balcony overlooking the park.
| |||
Property Highlights
Fireplace
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: Vikki Evans, Compass RE Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 63602105
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Last Updated: 4 months ago
Data Source: HAR , MLS# 63602105
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