997 Sandy Court
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 16, 2024 | Sold | ||
| Sold | |||
| May 8, 2024 | In contract | - | |
| In contract | |||
| Feb 1, 2024 | Listed by Phyllis Foster Real Estate Services | $1,595,000 | |
| Listed by Phyllis Foster Real Estate Services | |||
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Stunning Bayfront Estate on Upper Galveston Bay. Designed by a highly prestigious architect Sullivan/Stevens and built by Deusenberry Custom Homes. The attention to detail and quality of constructions speaks volumes about this home. The open concept and wall of glass along the back bring the beauty and serenity of the bay inside. This home boasts high ceilings, double crown molding, chefs kitchen w/ designer appliances, including Viking, Monogram, Bosch, and Dacor. Newly installed quartz countertops in kitchen and baths with the primary having marble countertops. Upscale plumbing fixtures, mirrors, and lighting installed in all baths. The primary bedroom and a secondary bedroom are located on the first level w/direct access to adjacent study and computer room. Two stairwells give access to second level with multiple living areas. Large family room w/adjacent guest quarters w/balcony overlooking Bay. Extra room for gym/dance studio with mirrors floor to celling or possible 5th bedroom.
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| Dec 29, 2023 | No longer available | - | |
| No longer available | |||
| Aug 9, 2023 | Listed by Phyllis Foster Real Estate Services | $1,675,000 | |
| Listed by Phyllis Foster Real Estate Services | |||
| | |||
|
Stunning Bayfront Estate on Upper Galveston Bay. Designed by a highly prestigious architect Sullivan/Stevens and built by Deusenberry Custom Homes. The attention to detail and quality of constructions speaks volumes about this home. The open concept and wall of glass along the back bring the beauty and serenity of the bay inside. This home boasts high ceilings, double crown molding, chefs kitchen w/ designer appliances, including Viking, Monogram, Bosch, and Dacor. Newly installed quartz countertops in kitchen and baths with the primary having marble countertops. Upscale plumbing fixtures, mirrors, and lighting installed in all baths. The primary bedroom and a secondary bedroom are located on the first level w/direct access to adjacent study and computer room. Two stairwells give access to second level with multiple living areas. Large family room w/adjacent guest quarters w/balcony overlooking Bay. Extra room for gym/dance studio with mirrors floor to celling or possible 5th bedroom.
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About Sandy Point
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Last Updated: 5 months ago
Data Source: HAR , MLS# 55848184
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