A Rare & Exceptional Residential or Commercial Investment Opportunity at an amazingly low price of $70 per Sq Ft! This tremendous property features 5621 Sq Ft, 9 Bedrooms, 4 Bathrooms, 2 kitchens, 2 dining areas, 2 family rooms, a balcony, court yard area, a pool, 2 storage sheds, a 4 car garage, on a 15k Sq Ft. Lot! Currently this property is being used as a Group Home; other potential uses are a Home Health Care Facility, a Nursing Home, Assisted Living, a Cash Flow Long Term Rental or Short Term (rooms rented daily/weekly/monthly), an AirBNB, a Motel, Apartment Complex, or a Primary Residence/Office Space. Also this property could be purchased, renovated for one of the ideal uses, then resold at a massive profit. You could also build additional structures or add tiny homes, endless value add opportunities! There is no HOA & the tax rate is just 2.2%! This property has never flooded! Excellent Location - Close to 290 & Beltway 8! This is truly an Exceptional One of a Kind Property!

General Description

MLS#:

78287018 (HAR)

Sold Price Range:

$370,001 - $420,000

Listing Status:

Sold

Address:

10114 Papalote St

City:

Houston

State:

TX

Zip Code:

77041

County:

Harris County

Subdivision:

Sommermeyer (View subdivision price trend)

Legal Description:

LT 18 BLK 3 SOMMERMEYER

Property Type:

Single-Family

Bedrooms:

9 Bedroom(s)

Baths:

4 Full Bath(s)

Garage(s):

4 / Attached

Stories:

2

Style:

Spanish

Year Built:

1960 / Appraisal District

Building Sqft.:

5,621522(m²) /Seller

Lot Size:

15,000 Sqft.1,394(m²) /Appraisal District

Key Map©:

410W

Market Area:

Spring Branch

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Room Dimension

Family Room:

14x18, 1st

Dining:

18x20, 1st

Kitchen:

12x13, 1st

Bedroom:

8x10, 1st

Bedroom:

8x10, 1st

Bedroom:

24x28, 1st

Bedroom:

12x13, 2nd

Bedroom:

18x20, 2nd

Bedroom:

13x14, 2nd

Bedroom:

13x14, 2nd

Bedroom:

15x20, 2nd

Bedroom:

20x23, 2nd

Interior Features

Fireplace:

1

Room Description:

Den, Formal Dining, Formal Living, Loft, Quarters/Guest House

Bathroom Description:

Primary Bath: Double Sinks, Primary Bath: Soaking Tub

Bedroom Description:

All Bedrooms Up

Cooling:

Central Electric

Heating:

Central Gas

Disposal:

Yes

Dishwasher:

Yes

Exterior Features

Roof:

Tile

Foundation:

Slab

Private Pool:

Yes

Private Pool Desc:

In Ground

Exterior Type:

Stucco

Lot Description:

Other

Garage Carport:

Double-Wide Driveway, Extra Driveway

Water Sewer:

Public Sewer, Public Water

Assigned School Information

District:	Cypress-Fairbanks ISD
Elementary School:	Kirk Elementary School Good |
Middle School:	Truitt Middle School Good |
High School:	Cypress Ridge High School Good |

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

Listing Broker: Trust Real Estate
Email Listing Broker

Selling Broker: Trust Real Estate
Last updated as of: 07/05/2024

Property Tax

Market Value Per Appraisal District

Cost/Sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$47.15	$265,058	0.00%	$265,058	0.00%
2022	$47.15	$265,058	0.00%	$265,058	0.00%
2021	$47.15	$265,058	-0.99%	$265,058	-0.99%
2020	$47.62	$267,699	49.24%	$267,699	49.24%
2019	$31.91	$179,374	0.00%	$179,374	0.00%
2018	$31.91	$179,374	0.00%	$179,374	0.00%
2017	$31.91	$179,374	0.00%	$179,374	0.00%
2016	$31.91	$179,374	0.00%	$179,374	0.00%
2015	$31.91	$179,374	0.00%	$179,374	0.00%
2014	$31.91	$179,374	0.00%	$179,374	0.00%
2013	$31.91	$179,374	0.00%	$179,374	0.00%
2012	$31.91	$179,374		$179,374

2023 Harris County Appraisal District Tax Value
Market Land Value:	$135,000
Market Improvement Value:	$130,058
Total Market Value:	$265,058

2023 Tax Rates
CYPRESS-FAIRBANKS ISD:	1.0811 %
HARRIS COUNTY:	0.3501 %
HC FLOOD CONTROL DIST:	0.0311 %
PORT OF HOUSTON AUTHORITY:	0.0057 %
HC HOSPITAL DIST:	0.1434 %
HC DEPARTMENT OF EDUCATION:	0.0048 %
LONE STAR COLLEGE SYS:	0.1076 %
HOUSTON CITY OF:	0.5192 %
Total Tax Rate:	2.2430 %

 

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