IN CASE YOU MISSED IT: This 4,800 square-foot Houston “castle” is on the market for $150,000! Seriously

Posted in Commercial Real Estate, Houston Texas Homes for Sale, Houston Texas Real Estate, Property for Sale, REAL ESTATE

This home is available to tour today. Contact me to set up a tour today or to see additional pictures. MLS 53774096.

The average sale price is $95.53 $/sq-ft with a high price of $156.00 $/sq-ft.  The home is 4861 sq-ft for an average sale price $464,371.33 or a high price of $758,316.00.  Currently priced at $150,000.00 and if you add $30 per sq-ft to repair at about $145,000.00.  That would be a $295,000.00 investment.

Now that is a nice flip deal.

 

 

Single Family Property
Comparative Market Analysis

 

Your initial search criteria were: (LISTSTATUS IN (‘ACT’,’OP’,’PSHO’,’PEND’,’WITH’,’EXP’,’TERM’) OR (LISTSTATUS=’CLOSD’ AND CLOSEDDATE>=CONVERT(DATETIME,’6/1/2013′))) AND TBL.AREA IN ( ‘4’ ) AND (STORIES>=2) AND (SUBDIVISION LIKE ‘RIVERSIDE TE%’ )
Feb 19 2014 07:50AM

Property Type:   SingleFamily       Status:   Active
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
53774096 2309 WICHITA ST RIVERSIDE TERR 01 5 4/1 0 N 8,450 4,861 1935 $150,000 $30.86 6
51599314 3217 MILBURN ST RIVERSIDE TERRACE 3 2/1 2 N 6,840 2,850 1949 $158,000 $55.44 2
53980104 3365 OZARK ST RIVERSIDE TERR 08 & 09 3 2/0 0 N 7,500 2,302 1940 $259,990* $112.94 20
74316630 6000 E DEL RIO RIVERSIDE TERRACE 3 1/1 2 N 9,200 2,548 1940 $300,000 $117.74 16
64653074 5411 BLYTHEWOOD ST Riverside Terrace 5 3/1 2 N 12,750 5,284 1952 $349,900* $66.22 128
56325489 140 S CARSON RIVERSIDE TERRACE 06 3 2/1 2 N 10,950 2,540 1930 $350,000 $137.80 509*
89376850 2510 Wichita St Riverside Terrace 3 2/1 0 N 11,400 2,636 1946 $360,000 $136.57 2
55465129 4411 N Roseneath Drive Riverside Terrace 3 1/1 2 N 11,400 3,532 1940 $378,500 $107.16 55
59871346 2515 Rosedale RIVERSIDE TERRACE 4 2/1 2 N 7,680 2,862 1940 $395,000 $138.02 35
69864569 5530 Ardmore Riverside Terrace 6 3/1 1 N 8,050 4,812 1940 $410,000 $85.20 40
51139440 3311 PARKWOOD DR RIVERSIDE TERR 08 & 09 5 3/2 2 N 13,260 4,537 1950 $480,000* $105.80 270*
28505744 3933 CHARLESTON ST RIVERSIDE TERRACE 4 4/1 2 N 9,377 4,158 2014 $619,000* $148.87 113
77326404 3922 Fernwood Drive Riverside Terrace 4 3/1 2 N 9,450 4,200 2013 $644,900* $153.55 294
16710000 3210 S MACGREGOR WAY RIVERSIDE TERR 08 4 3/1 2 Y 25,732 4,385 1970 $799,000 $182.21 2
99512415 4626 N ROSENEATH DR Riverside Terrace 5 4/2 4 Y 27,832 7,000 2003 $1,250,000* $178.57 83
38320569 3522 S PARKWOOD DRIVE RIVERSIDE TERRACE 5 5/4 3 N 52,973 7,576 2005 $1,950,000 $257.39 77*
32903346 3418 S PARKWOOD RIVERSIDE TERR 5 6/1 3 Y 111,980 9,037 1938 $2,650,000 $293.24 6
Average 4   2   20,284 4,419   $676,722   98
Number of Properties: 17
( Average ListPrice / Average SqFt ) : ( 676722 / 4419 ) = $ 153.14

Property Type:   SingleFamily       Status:   Option Pending
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
27276137 3307 CHARLESTON ST RIVERSIDE TERR 08 & 09 3 2/1 2 N 7,680 2,202 1935 $269,500 $122.39 21
90729142 2516 RIVERSIDE DR RIVERSIDE TERR 05 3 2/1 0 N 11,165 2,840 1930 $275,000 $96.83 17
Average 3   2   9,423 2,521   $272,250   19
Number of Properties: 2
( Average ListPrice / Average SqFt ) : ( 272250 / 2521 ) = $ 107.99

Property Type:   SingleFamily       Status:   Pending Continue to Show
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
15443489 3206 Milburn Riverside Terrace 3 2/1 0 N 5,175 1,898 1950 $224,900* $118.49 46
42864489 4023 CHARLESTON ST RIVERSIDE TERRACE 4 3/1 3 N 10,075 5,213 2013 $575,000 $110.30 42
1001663 3424 S MACGREGOR WAY RIVERSIDE TERRACE 4 4/1 2 Y 21,517 3,564 1948 $650,000 $182.38 46
Average 4   3   12,256 3,558   $483,300   45
Number of Properties: 3
( Average ListPrice / Average SqFt ) : ( 483300 / 3558 ) = $ 135.83

Property Type:   SingleFamily       Status:   Expired
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
96837942 2313 Wentworth Riverside Terrace 4 3/0 0 N 0 2,252 1940 $130,000* $57.73 100
59611674 3209 MILBURN ST RIVERSIDE TERR 08 3 2/0 2 N 7,410 2,476 1940 $164,900* $66.60 375
98293776 2421 OAKDALE ST RIVERSIDE TERRACE 4 3/1 2 N 7,200 3,004 1940 $354,000* $117.84 256*
44061318 2519 WICHITA ST RIVERSIDE TERR 01 4 2/1 2 N 9,100 3,032 2001 $360,000* $118.73 108*
13195555 2402 PROSPECT ST RIVERSIDE TERR 03 4 2/2 1 Y 6,270 3,553 1940 $395,000* $111.17 206
62796004 2518 RIVERSIDE DR RIVERSIDE TERR 05 4 2/1 2 N 13,920 3,014 1933 $399,000 $132.38 45*
73715444 5507 ARDMORE ST RIVERSIDE TERR 3 2/1 0 N 16,770 2,504 1935 $450,000 $179.71 25
67155100 3445 N Parkwood Riverside Terrace 3 3/2 0 N 15,900 3,544 1946 $549,000 $154.91 114*
10887978 3214 S MACGREGOR WAY RIVERSIDE TERRACE 5 3/1 3 N 36,050 3,674 1944 $594,000* $161.68 147
84776418 2412 WICHITA RIVERSIDE TERR 03 3 3/1 0 Y 10,200 2,772 1946 $729,000* $262.99 53*
1159214 2412 WICHITA RIVERSIDE TERRACE 3 3/1 0 Y 10,200 2,772 1946 $750,000* $270.56 52*
15870520 2412 WICHITA RIVERSIDE TERRACE 3 3/1 0 Y 10,200 2,772 1946 $779,000 $281.02 118
41601643 3522 Parkwood RIVERSIDE TERRACE 5 5/4 3 N 52,973 7,576 2005 $1,999,000* $263.86 123*
41897443 3522 Parkwood RIVERSIDE TERRACE 5 5/4 3 N 52,973 7,576 2005 $2,200,000 $290.39 181
Average 4   2   19,167 3,609   $703,778   136
Number of Properties: 14
( Average ListPrice / Average SqFt ) : ( 703778 / 3609 ) = $ 195.01

Property Type:   SingleFamily       Status:   Pending
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
59720563 5812 ARDMORE ST RIVERSIDE TERR 08 3 2/0 2 N 6,900 2,633 1939 $70,000 $26.59 2
40561864 3611 PARKWOOD DR RIVERSIDE TERRACE 4 3/1 2 N 18,750 4,736 2008 $450,000 $95.02 28
Average 4   2   12,825 3,685   $260,000   15
Number of Properties: 2
( Average ListPrice / Average SqFt ) : ( 260000 / 3685 ) = $ 70.56

Property Type:   SingleFamily       Status:   Withdrawn
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
68825944 5520 ARDMORE ST RIVERSIDE TERR 08 4 3/1 1 N 6,900 3,803 1940 $400,000 $105.18 37
36353217 3607 Rio Vista Riverside Terrace 5 4/1 2 N 28,297 5,220 1954 $519,000* $99.43 116
Average 5   2   17,599 4,512   $459,500   77
Number of Properties: 2
( Average ListPrice / Average SqFt ) : ( 459500 / 4512 ) = $ 101.84

Property Type:   SingleFamily       Status:   Terminated
Subject
Property
MLS# Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price LP/ SF DOM
37592468 3213 PARKWOOD DR RIVERSIDE TERR 08 5 2/1 2 N 9,750 3,310 1940 $139,900 $42.27 109*
68944474 3209 MILBURN ST RIVERSIDE TERR 08 3 2/0 2 N 7,410 2,476 1940 $146,300* $59.09 0*
92654664 2415 S CALUMET ST RIVERSIDE TERR 04 4 1/1 0 N 8,104 2,356 1929 $275,000 $116.72 89
58398742 6004 DEL RIO ST RIVERSIDE TERR 08 & 09 4 4/1 0 N 12,125 4,400 1946 $375,000* $85.23 70
72366642 2319 ARBOR ST RIVERSIDE TERR 01 5 5/0 0 N 7,200 5,000 1940 $399,000 $79.80 67*
40432492 4304 ROSENEATH DR RIVERSIDE TERR 12 4 2/1 2 N 11,270 3,732 1945 $424,990* $113.88 1
30084142 4304 ROSENEATH DR RIVERSIDE TERR 12 4 2/1 2 N 11,270 3,748 1945 $459,000* $122.47 15*
51027166 3311 PARKWOOD DR RIVERSIDE TERR 08 & 09 5 3/2 2 N 13,260 6,100 1950 $555,000 $90.98 217
85171558 2518 RIVERSIDE DR RIVERSIDE TERR 05 4 2/1 1 N 13,920 3,014 1933 $899,900 $298.57 1
83507679 3522 PARKWOOD DR RIVERSIDE TERR 10 5 5/4 3 N 52,973 7,576 2005 $1,999,000 $263.86 64*
Average 4   2   14,728 4,171   $567,309   70
Number of Properties: 10
( Average ListPrice / Average SqFt ) : ( 567309 / 4171 ) = $ 136.01
Property Type:   SingleFamily       Status:   Sold
Subject
Property
MLS# Closed Date Address Subdiv. BR Bths # Gar Pool Lot SqFt Bldg SqFt Yr List Price Sold Price SP/ SF Adjusted SP Adj. SP/SF DOM SP/LP %
60343760 2/18/2014 2311 Rosedale St RIVERSIDE TERR 01 4 2/1 1 N 16,200 3,523 1930 $115,000 $165,299 $46.92 $165,299 $46.92 14 1.44
72748156 8/01/2013 2313 Wentworth Riverside Terrace 4 3/0 0 N 0 2,252 1940 $120,000 $90,000 $39.96 $90,000 $39.96 15* 0.75
78818594 6/05/2013 3211 PARKWOOD DR RIVERSIDE TERR 08 4 2/3 0 N 7,800 3,306 1940 $164,900 $164,900 $49.88 $164,900 $49.88 19* 1.00
4454143 11/13/2013 3417 Wichita Riverside Terrace 3 2/1 0 N 6,900 2,170 1945 $199,000 $199,000 $91.71 $199,000 $91.71 5 1.00
14309049 6/12/2013 2427 BINZ ST RIVERSIDE TERR 04 4 2/1 1 N 6,240 2,279 1935 $199,000 $200,000 $87.76 $200,000 $87.76 10 1.01
72495528 12/31/2013 2505 SE CALUMET ST RIVERSIDE TERR 04 4 2/1 0 N 8,470 2,464 1930 $250,000 $250,000 $101.46 $250,000 $101.46 122 1.00
49855559 7/24/2013 4406 ROSENEATH DR RIVERSIDE TERR 12 4 3/0 2 N 13,320 2,784 1945 $339,000 $269,000 $96.62 $269,000 $96.62 229 0.79
17448384 7/03/2013 5527 ARDMORE ST RIVERSIDE TERR 08 4 3/0 3 N 14,235 3,437 1940 $449,000 $437,000 $127.15 $437,000 $127.15 12 0.97
48071799 8/09/2013 4304 ROSENEATH DR RIVERSIDE TERR 12 4 2/1 2 N 11,270 3,748 1945 $459,000 $452,900 $120.84 $452,900 $120.84 11* 0.99
16885597 6/11/2013 3441 N PARKWOOD DR RIVERSIDE TERR 10 3 2/1 0 N 16,114 3,539 1946 $589,900 $589,900 $166.69 $589,900 $166.69 1 1.00
Average   4   2   11,172 2,950   $288,480 $281,799   $281,799   44 0.99
Number of Properties: 10
( Average SalesPrice / Average SqFt ) : ( 281799 / 2950 ) = $ 95.53
( Average Adjusted SalesPrice / Average SqFt ) : ( 281799 / 2950 ) = $ 95.53

Adjusted SP is calculated as (Sales Price – Sellers Contribution to Closing Costs – Repairs Paid by Seller)

Adj. SP/SF is calculated as (Sales Price – Sellers Contribution to Closing Costs – Repairs Paid by Seller)/SF

 

Prepared by

 Allen Hebert
(281)798-4599
United Real Estate
akeithhebert@gmail.com

Information is believed to be accurate but is not guaranteed.

THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE CONSIDERED AN APPRAISAL. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.

Published by @TheTexasBroker

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