$995,000 Last Listed Price
●
House -
Off Market
816 Bunker Hill Road
Houston, TX 77024
5 Beds
4 Baths
3,770 Ft²
$1,119,826
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model
About This Property
This unique Hedwig Village property is one of the very few lots in
all of The Memorial Villages that includes a grandfathered (per
Hedwig Village) wall and gates across the front of the property.
This grandfathered status includes new construction or a mega
remodel projects. Sellers have a set of plans for complete
remodel.
Home has mold throughout, however it did not flood in the 32 years that the current owners have owned the property. The property is located in one of Houston's least likely to flood zones and is being sold for lot value. Home includes a pool built in 2000 that has since been redone.
Home is within walking distance of Bunker Hill Elementary, Spring Branch Middle, Memorial High School, St. Cecilia and Memorial City Mall. This property is also within walking distance to several class A & class B office buildings as well as several restaurants.
Home has mold throughout, however it did not flood in the 32 years that the current owners have owned the property. The property is located in one of Houston's least likely to flood zones and is being sold for lot value. Home includes a pool built in 2000 that has since been redone.
Home is within walking distance of Bunker Hill Elementary, Spring Branch Middle, Memorial High School, St. Cecilia and Memorial City Mall. This property is also within walking distance to several class A & class B office buildings as well as several restaurants.
Unit Size
3,770 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$264
Property Type
House
Property Taxes
$1,780
HOA Dues
-
Year Built
1970
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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 #30030949)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by Martha Turner Sotheby's | $995,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
This unique Hedwig Village property is one of the very few lots in all of The Memorial Villages that includes a grandfathered (per Hedwig Village) wall and gates across the front of the property. This grandfathered status includes new construction or a mega remodel projects. Sellers have a set of plans for complete remodel.
Home has mold throughout, however it did not flood in the 32 years that the current owners have owned the property. The property is located in one of Houston’s least likely to flood zones and is being sold for lot value. Home includes a pool built in 2000 that has since been redone.
Home is within walking distance of Bunker Hill Elementary, Spring Branch Middle, Memorial High School, St. Cecilia and Memorial City Mall. This property is also within walking distance to several class A & class B office buildings as well as several restaurants.
| |||
Property Highlights
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Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Tyler Cooper, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 30030949
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Last Updated: 5 months ago
Data Source: HAR , MLS# 30030949
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