$250,000 Last Listed Price
●
House -
Off Market
7406 Avenue K
Houston, TX 77011
2 Beds
2 Baths
1,237 Ft²
$328,459
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
Named for the 3,750 magnolias that developers planted circa 1890,
Magnolia Park is poised between Lawndale and Denver Harbor in the
Greater East End, making it the perfect location for commuting to
Downtown, the Port, or to Hobby Airport. One of the fastest
developing areas of Houston, this quiet neighborhood provides an
amazing opportunity to get eco-minded new construction with
beautiful luxury finishes before the market catches up. Truegrid
eco-friendly driveway, tankless electric water heater, low
maintenance landscaping & easy-to-care-for stained/polished
concrete floors; quartz countertops, soft-close cabinets, stainless
upgraded appliances, 9' ceilings and ceiling fans. A separate side
entry opens to gated side area just right for a small furbaby, and
wraps around to the covered front porch. Has not flooded per
seller.
Unit Size
1,237 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$202
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019
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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 #17556518)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 8, 2020 | Sold | ||
| Sold | |||
| Oct 9, 2020 | Listed by Martha Turner Sotheby's | $250,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
Named for the 3,750 magnolias that developers planted circa 1890, Magnolia Park is poised between Lawndale and Denver Harbor in the Greater East End, making it the perfect location for commuting to Downtown, the Port, or to Hobby Airport. One of the fastest developing areas of Houston, this quiet neighborhood provides an amazing opportunity to get eco-minded new construction with beautiful luxury finishes before the market catches up. Truegrid eco-friendly driveway, tankless electric water heater, low maintenance landscaping & easy-to-care-for stained/polished concrete floors; quartz countertops, soft-close cabinets, stainless upgraded appliances, 9' ceilings and ceiling fans. A separate side entry opens to gated side area just right for a small furbaby, and wraps around to the covered front porch. Has not flooded per seller.
| |||
Property Highlights
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 Eastside
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Currently no similar homes aroundNearby Rentals
Listed by: Jonathan Williamson, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 17556518
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Last Updated: 5 months ago
Data Source: HAR , MLS# 17556518
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