$599,000 Last Listed Price
●
House -
Off Market
8610 Merlin Drive
Houston, TX 77055
2 Beds
1 Bath
1,152 Ft²
$786,989
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model
About This Property
New Spring Valley Village Lot Listing with Exceptional Setting:
This desirous property on a quiet Cul-de-Sac street is fronted with
two mature oaks and surrounded by beautiful new-construction homes.
The 9,200 sq.ft. lot measures approx. 96' x 96'. The existing
1940's bungalow is outfitted with vintage charm including wood
floors and boasts upgrades throughout. The 2-bedroom home is
perfectly kept and comfortable and livable. An enormous 24' long
screened deck with vaulted ceiling spans the rear of house.
Attached single-car garage houses the utility area. This Lot is
ready for a new-build project in a desirable part of Houston within
Memorial Villages and enjoys comparable new-build neighborhood
homes. Property is Listed As-Is and at Lot Value.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$520
Property Type
House
Property Taxes
$1,007
HOA Dues
-
Year Built
2021
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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 #13449388)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by Martha Turner Sotheby's | $599,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
New Spring Valley Village Lot Listing with Exceptional Setting: This desirous property on a quiet Cul-de-Sac street is fronted with two mature oaks and surrounded by beautiful new-construction homes. The 9,200 sq.ft. lot measures approx. 96' x 96'. The existing 1940's bungalow is outfitted with vintage charm including wood floors and boasts upgrades throughout. The 2-bedroom home is perfectly kept and comfortable and livable. An enormous 24' long screened deck with vaulted ceiling spans the rear of house. Attached single-car garage houses the utility area. This Lot is ready for a new-build project in a desirable part of Houston within Memorial Villages and enjoys comparable new-build neighborhood homes. Property is Listed As-Is and at Lot Value.
| |||
Property Highlights
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: Peter Techmanski, Martha Turner Sotheby's
Last Updated: 4 months ago
Data Source: HAR , MLS# 13449388
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Last Updated: 4 months ago
Data Source: HAR , MLS# 13449388
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