$1,450,000 Last Listed Price
●
House -
Off Market
8717 Lanell Lane
Houston, TX 77055
4 Beds
4 Baths,
1
Half Bath
4,311 Ft²
$1,466,808
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
This gorgeous home is located in the Memorial Villages area in
Spring Valley, zoned to exemplary SBISD. This home has been well
maintained, is ideally located, and has beautiful mature trees.
This custom home is built on a pier and beam foundation. The
spacious property has an exceptional floor plan of 4,300 sq ft, 4
bedrooms, 4 and half baths, an oversized game room, study, and so
much more. The living areas & kitchen open to serene views of the
pool and landscaped backyard. The first floor primary bedroom
offers a retreat with a sitting area, a sizable bath, double
vanities, a spacious closet, & is connected to the utility room.
Upstairs features three bedrooms, a game room with adjoining
kitchenette, and an air conditioned storage room. Other unique
features of this home include a Mosquito Nix system, custom
landscaping, expansive backyard with a custom pool, and an
extensive patio entertaining area.
Unit Size
4,311 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$336
Property Type
House
Property Taxes
$2,384
HOA Dues
-
Year Built
2004
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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 #61928967)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 1, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by Martha Turner Sotheby's | $1,450,000 | |
| Listed by Martha Turner Sotheby's | |||
| | |||
|
This gorgeous home is located in the Memorial Villages area in Spring Valley, zoned to exemplary SBISD. This home has been well maintained, is ideally located, and has beautiful mature trees. This custom home is built on a pier and beam foundation. The spacious property has an exceptional floor plan of 4,300 sq ft, 4 bedrooms, 4 and half baths, an oversized game room, study, and so much more. The living areas & kitchen open to serene views of the pool and landscaped backyard. The first floor primary bedroom offers a retreat with a sitting area, a sizable bath, double vanities, a spacious closet, & is connected to the utility room. Upstairs features three bedrooms, a game room with adjoining kitchenette, and an air conditioned storage room. Other unique features of this home include a Mosquito Nix system, custom landscaping, expansive backyard with a custom pool, and an extensive patio entertaining area.
| |||
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: Kelly Law, Martha Turner Sotheby's
Last Updated: 4 months ago
Data Source: HAR , MLS# 61928967
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Last Updated: 4 months ago
Data Source: HAR , MLS# 61928967
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