$1,525,000 Last Listed Price
●
Land -
Off Market
8611 Stable Crest Boulevard
Houston, TX 77024
Studio
0 Bath
$1,745,273
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model
About This Property
Perfect location to build your dream home in the exclusive
Stablewood community. This lot is ready for new construction.
Property has well water, electrical connections and sprinkler
system. 24 hour manned guard gate and prime central location
is close to everything the city has to offer.
Unit Size
-
Days on Market
-
Land Size
0.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,761
HOA Dues
$479
Year Built
-
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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 #79279137)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 13, 2024 | In contract | - | |
| In contract | |||
| Sep 3, 2024 | Listed by CB&A, Realtors- Loop Central | $1,612,500 | |
| Listed by CB&A, Realtors- Loop Central | |||
| | |||
|
Exceptional LOT opportunity in highly sought-after Stablewood Subdivision. Situated on a charming, tree-lined street, this lot is ideal for building your dream home. Architectural plans were meticulously crafted over 12 months and were later approved by City and HOA in 6-8 months. Seller open to including plans with a suitable offer. Benefits include 24/7 guard gated security, access to utilities, close proximity to Houstonian Country Club, Memorial Park and Polo fields, zoned to wonderful Spring Branch ISD public schools, close to some of Houston's best private schools and the Awty International School, nearby business hubs include the Galleria, Greenway Plaza and Energy Corridor. Nearby shopping and dining hubs include the Galleria, Uptown Park, Highland Village, Town & Country/Memorial City, Upper Kirby and the River Oaks District.
| |||
| Aug 4, 2021 | Sold | ||
| Sold | |||
| Jun 24, 2021 | Listed by Compass RE Texas, LLC | $1,525,000 | |
| Listed by Compass RE Texas, LLC | |||
| | |||
|
Perfect location to build your dream home in the exclusive Stablewood community. This lot is ready for new construction. Property has well water, electrical connections and sprinkler system. 24 hour manned guard gate and prime central location is close to everything the city has to offer.
| |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Erin Kaplan, Compass RE Texas, LLC
Last Updated: 4 months ago
Data Source: HAR , MLS# 79279137
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Last Updated: 4 months ago
Data Source: HAR , MLS# 79279137
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