$880,000 Last Listed Price
●
House -
Off Market
8805 Merlin Drive
Spring Valley Village, TX 77055
Studio
0 Bath
1,601 Ft²
$881,475
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model
About This Property
A remarkable opportunity to build your dream home on this expansive
14,842 square foot lot (per Survey) on a tree-lined street in the
tranquil heart of coveted Spring Valley Village. Extra wide lot
shape allows room for both your dream garden and grand pool. Lot
dimensions are approximately 160' d x 130' w; 132' d x 80' w
(survey available upon request). Beautiful and private setting
surrounded by new construction and winding cul-de-sac streets, with
easy access to I-10, Memorial City, Downtown, Galleria, and City
Centre. Zoned to Valley Oaks Elementary and Memorial High School
(Buyer to verify eligibility). Local Spring Valley Village Police
and Memorial Village Fire. Nearby popular venues including
Johnathan's The Rub, Federal American Grill, and K.P.'s Kitchen,
fine shopping, and local parks. Minutes from Dad's Club swim team
and pools. Don't miss this rare opportunity to call 8805 Merlin
Drive home. All offers due by Thursday June 8 at 10:00 AM.
Unit Size
1,601 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$550
Property Type
House
Property Taxes
$1,327
HOA Dues
-
Year Built
1955
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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 #35235633)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2023 | Sold | ||
| Sold | |||
| Jun 2, 2023 | Listed by Greenwood King Properties | $880,000 | |
| Listed by Greenwood King Properties | |||
| | |||
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A remarkable opportunity to build your dream home on this expansive 14,842 square foot lot (per Survey) on a tree-lined street in the tranquil heart of coveted Spring Valley Village. Extra wide lot shape allows room for both your dream garden and grand pool. Lot dimensions are approximately 160' d x 130' w; 132' d x 80' w (survey available upon request). Beautiful and private setting surrounded by new construction and winding cul-de-sac streets, with easy access to I-10, Memorial City, Downtown, Galleria, and City Centre. Zoned to Valley Oaks Elementary and Memorial High School (Buyer to verify eligibility). Local Spring Valley Village Police and Memorial Village Fire. Nearby popular venues including Johnathan’s The Rub, Federal American Grill, and K.P.’s Kitchen, fine shopping, and local parks. Minutes from Dad’s Club swim team and pools. Don’t miss this rare opportunity to call 8805 Merlin Drive home. All offers due by Thursday June 8 at 10:00 AM.
| |||
Property Highlights
Garage
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northwest Houston
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Listed by: Bonnie Laughlin, Greenwood King Properties
Last Updated: 4 months ago
Data Source: HAR , MLS# 35235633
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Last Updated: 4 months ago
Data Source: HAR , MLS# 35235633
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