$1,325,000 Last Listed Price
●
House -
Off Market
8602 Merlin Drive
Spring Valley Village, TX 77055
4 Beds
3 Baths
2,815 Ft²
$6,506
Est. Monthly
About This Property
Taken to the studs in 2018, including systems and plumbing! The
open plan with ideal layout is outstanding in every detail.
Wood-look tile floors, solid maple doors and cabinetry with
striking lighting, unify spaces. The foyer opens to a great room
with perfectly-placed windows overlooking an artistically
landscaped, low-maintenance turf backyard with over-sized, covered
entertaining patio. The island kitchen is sleek with high-end
appliances, designer lighting, custom floor-to-ceiling cabinets and
unique, wood accent wall. Kitchen, dining and great room are
seamless to maximize entertaining space. A luxurious bath with
floating quartz vanity, exquisite lighting, an open, fully marbled
shower and dual custom closets are featured in the vaulted primary
suite with backyard access. A colossal gameroom with vaulted
shiplap ceiling and dry bar, levels up with authentic brick wall
and a picture perfect view of the backyard and fountain. Barn doors
open to reveal a guest suite with full bath.
Unit Size
2,815 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$471
Property Type
House
Property Taxes
-
HOA Dues
-
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: 4 months ago (HAR #64594328)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Apr 11, 2024 | In contract | - | |
| In contract | |||
| Mar 19, 2024 | Listed by Tammy Bateman Properties | $1,325,000 | |
| Listed by Tammy Bateman Properties | |||
| | |||
|
Taken to the studs in 2018, including systems and plumbing! The open plan with ideal layout is outstanding in every detail. Wood-look tile floors, solid maple doors and cabinetry with striking lighting, unify spaces. The foyer opens to a great room with perfectly-placed windows overlooking an artistically landscaped, low-maintenance turf backyard with over-sized, covered entertaining patio. The island kitchen is sleek with high-end appliances, designer lighting, custom floor-to-ceiling cabinets and unique, wood accent wall. Kitchen, dining and great room are seamless to maximize entertaining space. A luxurious bath with floating quartz vanity, exquisite lighting, an open, fully marbled shower and dual custom closets are featured in the vaulted primary suite with backyard access. A colossal gameroom with vaulted shiplap ceiling and dry bar, levels up with authentic brick wall and a picture perfect view of the backyard and fountain. Barn doors open to reveal a guest suite with full bath.
| |||
Property Highlights
Air Conditioning
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: Tammy Bateman, Tammy Bateman Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 64594328
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Last Updated: 4 months ago
Data Source: HAR , MLS# 64594328
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