$500,000 Last Listed Price
●
House -
Off Market
8518 Panatella Drive
Houston, TX 77055
3 Beds
2 Baths
2,070 Ft²
$577,883
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model
About This Property
Bring your imagination and build your dream home in the charming
hamlet of Spring Oaks. You'll be steps from Valley Oaks Elementary,
Moritz Park, and zoned to Memorial High School. Property is being
sold as-is for lot value. Quiet street with no through traffic.
Spacious lot, beautiful mature trees, new construction all around.
No showings of the interior of the home. Notice is required to walk
the lot.
Unit Size
2,070 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$242
Property Type
House
Property Taxes
$971
HOA Dues
$2
Year Built
1954
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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 #67208266)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2024 | Sold | ||
| Sold | |||
| Apr 13, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | No longer available | - | |
| No longer available | |||
| Mar 21, 2024 | Listed by NB Elite Realty | $2,289,000 | |
| Listed by NB Elite Realty | |||
| | |||
|
Introducing The Panatella, a timeless home with striking interiors on a sizable corner lot. This sublime stucco home has an expansive floating staircase where glass and wood combine to curate a transitional oasis.The Panatella sets a new standard for elevated living in desirable Spring Oaks. From the low-e energy efficient windows to the steel front & back doors with integrated glass, radiant barrier roof decking & tankless water heaters make this home eco-friendly. Spacious foyer spills into open living spaces overlooking covered veranda equipped with summer kitchen.Wood floors throughout,2 laundry rooms & marble, quartz, limestone, and silestone countertops. Custom cabinetry, oversized kitchen island, top-tier appliances, wine closet & bar counter perfect for hosting. Option to convert Study to 2nd bedroom downstairs. Elevator ready! Middle school students might be able to transfer to Spring Branch Middle (buyer to verify). Zoned to Valley Oaks Elementary and Memorial High School!
| |||
| Mar 20, 2024 | Withdrawn | - | |
| Withdrawn | |||
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Property Highlights
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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: Richard Stone, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 67208266
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Last Updated: 5 months ago
Data Source: HAR , MLS# 67208266
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