$1,695,000 Last Listed Price
●
House -
Off Market
8525 Burkhart Road
Houston, TX 77055
4 Beds
3 Baths,
1
Half Bath
4,581 Ft²
$1,983,224
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
The traditional exterior is deceiving. Enter this home and the
light and bright interiors with the open spacious floorplan
combines to create a contemporary design. A major remodel was done
in 2012, All new windows were installed along with HVAC with UV
radiation and electrostatic air purifiers for clean air and an
extensive sound/alarm system. The house is a "smart home" with the
ability to be programed and controlled via your cell phone. The
current owners installed the swimming pool, made improvements in
the covered patio and added skylights and they installed windows in
the family area to bring in even more natural light. The huge
wooded lot (19,694 SF) with the backyard pool and summer kitchen is
perfect for entertaining. A perfect location for an easy commute to
Downtown, Galleria and even the Energy Sector. Spring Branch
schools.
Unit Size
4,581 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$370
Property Type
House
Property Taxes
$2,401
HOA Dues
-
Year Built
1989
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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 #74839737)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2021 | Sold | ||
| Sold | |||
| Apr 16, 2021 | Listed by Martha Turner Sotheby's | $1,695,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
The traditional exterior is deceiving. Enter this home and the light and bright interiors with the open spacious floorplan combines to create a contemporary design. A major remodel was done in 2012, All new windows were installed along with HVAC with UV radiation and electrostatic air purifiers for clean air and an extensive sound/alarm system. The house is a "smart home" with the ability to be programed and controlled via your cell phone. The current owners installed the swimming pool, made improvements in the covered patio and added skylights and they installed windows in the family area to bring in even more natural light. The huge wooded lot (19,694 SF) with the backyard pool and summer kitchen is perfect for entertaining. A perfect location for an easy commute to Downtown, Galleria and even the Energy Sector. Spring Branch schools.
| |||
Property Highlights
Air Conditioning
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
About Northwest Houston
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Listed by: Cindy Burns, Martha Turner Sotheby's
Last Updated: 5 months ago
Data Source: HAR , MLS# 74839737
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Last Updated: 5 months ago
Data Source: HAR , MLS# 74839737
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