$675,000 Last Listed Price
●
Land -
Off Market
8321 Merlin Drive Drive
Houston, TX 77055
Studio
0 Bath
$1,025,790
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model
About This Property
PRICE LISTED IS FOR LOT ONLY. Buyer must use Cunningham Custom
Built Homes as builder. Best area in Spring Valley for
families!! Don't miss this opportunity to help with the design of
your dream home in the Lovely Spring Oaks subdivision in Spring
Valley. View Preliminary plans & survey in photos above. Lot is
9,527 SF (per survey). Zoned to Valley Oaks Elementary, Spring
Branch Middle & Memorial HS. Located Minutes from Memorial City,
City Centre with convenient access to I-10 & Beltway 8.
Unit Size
-
Days on Market
-
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,103
HOA Dues
-
Year Built
2018
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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: 3 years ago (HAR #61590797)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 2, 2020 | Sold | ||
| Sold | |||
| Dec 4, 2019 | Listed by Cunningham Realty Group | $1,749,000 | |
| Listed by Cunningham Realty Group | |||
| | |||
|
Just COMPLETED and ready for immediate MOVE IN!! Award winning builder Cunningham Development incorporates a perfect blend of sophistication and comfort in their homes, consisting of the highest quality and distinction. Highly Sought-After area in SPRING VALLEY, excellent neighborhood for families, very KID FRIENDLY! This custom 2-story home features a large open foyer, ground floor Master Suite, spacious kitchen/living design opening onto a covered Lanai & Veranda with Summer Kitchen & outdoor fireplace. 3 Bedrooms upstairs all with walk-in closets and ensuite baths, game room, carpeted media room, & wet bar. 3-car tandem garage. Room for POOL in backyard. Spring Branch ISD zoned to MEMORIAL HS! Super Energy Efficient, GREEN HEALTHY LIVING, tankless H2O, instant endless hot water. Hardwood/tile flooring, natural counter tops, custom cabinetry. See Builder for TAB Contracts and SPECS.
| |||
| Jan 25, 2019 | Sold | ||
| Sold | |||
| Nov 5, 2018 | Listed by Capital Real Estate Commercial | $675,000 | |
| Listed by Capital Real Estate Commercial | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northwest Houston
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Listed by: Hart Schleicher, Capital Real Estate Commercial
Last Updated: 3 years ago
Data Source: HAR , MLS# 61590797
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Last Updated: 3 years ago
Data Source: HAR , MLS# 61590797
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