$215,000 Last Listed Price
●
House -
Off Market
7231 Tara Drive
Richmond, TX 77469
4 Beds
2 Baths,
1
Half Bath
2,616 Ft²
$1,626
Est. Monthly
$19
HOA / Fees
About This Property
Investor Special. This lovely home has seen better days but
is solid and ready for a face lift! Kitchen is open to the
family room/dining area. Formal living and dining room
downstairs. Upstairs game room. Spacious back yard.
Carpet is being removed. AC is being repaired and
thermostat replaced. Good bones!
This is a multiple offer situation. We will continue accepting backup offers until the option period has expired on Friday, June 14th at 5 p.m. Thank you!
This is a multiple offer situation. We will continue accepting backup offers until the option period has expired on Friday, June 14th at 5 p.m. Thank you!
Unit Size
2,616 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$82
Property Type
House
Property Taxes
$551
HOA Dues
$19
Year Built
1994
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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 #26732903)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2024 | No longer available | - | |
| No longer available | |||
| Oct 12, 2024 | No longer available | - | |
| No longer available | |||
| Oct 11, 2024 | Listed by JPAR - The Sears Group | $350,000 | |
| Listed by JPAR - The Sears Group | |||
| | |||
|
Located in a family-friendly neighborhood within the Lamar Consolidated School District, this home has been recently updated to feature an open kitchen concept with new stainless steel appliances, quartz countertops, and backsplash. The interior and exterior have been freshly painted, complemented by 5-inch baseboards and new recessed lighting throughout the house. Every room boasts new features, including new low-e windows for the entire house. Additionally, the property now includes a new garage motor and epoxy floor in the garage. The house has been revamped with new 9-inch vinyl plank flooring throughout, providing a modern touch to the 1994-built property. With an upstairs game room and a spacious backyard on a 6,242 sqft lot, this home is ready for a new chapter. Conveniently situated near a park, schools, and shopping centers, this home provides both comfort and accessibility for potential residents looking to create their dream space.
| |||
| Sep 21, 2024 | Price Decreased |
$356,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Sep 13, 2024 | Price Decreased |
$357,000
↓ $1K
(0.3%) | |
| Price Decreased | |||
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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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About Tara
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Listed by: Sharon Leshikar, eXp Realty, LLC
Last Updated: 5 months ago
Data Source: HAR , MLS# 26732903
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Last Updated: 5 months ago
Data Source: HAR , MLS# 26732903
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