$325,000 Last Listed Price
●
House -
Off Market
8303 Burning Hills Drive
Houston, TX 77071
5 Beds
2 Baths,
1
Half Bath
2,492 Ft²
$2,155
Est. Monthly
$45
HOA / Fees
About This Property
Boasting five bedrooms, 8303 Burning Hills is the perfect home for
someone that wants to put their own touch on an amazing structure
in the heart of Braeburn Valley. This property also comes
with a large pool that increases the value of a home by an average
of $50,000 per most appraisers. With the 5th bedroom, one
could easily reconfigure the existing master suite and one of the
adjacent bedrooms to create a much larger master bath and wardrobe
closet. The property has never had any deflection resulting
in zero foundation work needed over the years. The HVAC
system was upgraded in 2020 and the owner of 50+ years has added
additional wiring in the house to accommodate an abundance of
recessed can lighting and ceiling fans. This home is ideal
for THOSE that need a true five-bedroom home or Looking to take an
amazing floor plan and putting their own 21st century touches on
the property.
Unit Size
2,492 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$130
Property Type
House
Property Taxes
$514
HOA Dues
$45
Year Built
1970
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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 #88393426)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 15, 2024 | In contract | - | |
| In contract | |||
| Oct 9, 2024 | Relisted | $325,000 | |
| Relisted | |||
| Aug 22, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Listed by Martha Turner Sotheby's International Realty | $325,000 | |
| Listed by Martha Turner Sotheby's International Realty | |||
| | |||
|
Boasting five bedrooms, 8303 Burning Hills is the perfect home for someone that wants to put their own touch on an amazing structure in the heart of Braeburn Valley. This property also comes with a large pool that increases the value of a home by an average of $50,000 per most appraisers. With the 5th bedroom, one could easily reconfigure the existing master suite and one of the adjacent bedrooms to create a much larger master bath and wardrobe closet. The property has never had any deflection resulting in zero foundation work needed over the years. The HVAC system was upgraded in 2020 and the owner of 50+ years has added additional wiring in the house to accommodate an abundance of recessed can lighting and ceiling fans. This home is ideal for THOSE that need a true five-bedroom home or Looking to take an amazing floor plan and putting their own 21st century touches on the property.
| |||
Property Highlights
Fireplace
Garage
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
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Listed by: David Atkins, Martha Turner Sotheby's International Realty
Last Updated: 5 months ago
Data Source: HAR , MLS# 88393426
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Last Updated: 5 months ago
Data Source: HAR , MLS# 88393426
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