1 year on rocket

511 Gulf Bank Rd Unit 5, Houston, TX, 77037

$1,800,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
5,800 SqFt
$310/SqFt
House
Schools Nearby

Location

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511 Gulf Bank Rd Unit 5, Houston$1,800,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1960
HeatingCentral, Electric, Natural Gas, Other
CoolingCentral Air, Electric, Window Unit(s)
MLS #56432460
StatusActive

About 511 Gulf Bank Rd Unit 5

This commercial property at 511 Gulf Bank offers a fantastic opportunity for investors looking to capitalize on a current cash flow and the potential for future expansion. Situated on over 4.5 acres, this prime location is ideal for constructing a commercial building. With a price tag of $1,800,000, this multi-family property boasts multiple detached dwellings and spans across 5,800 square feet. Built in 1960, the property also offers ample space with its expansive lot size of 196,590 square feet. Don't miss out on this remarkable chance to own a profitable commercial property in a sought-after area.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Stories: 1
  • Living Area: 5,800 SqFt

Listing Office:

  • Office Name: Fathom Realty
  • Office Phone: (888) 455-6040
  • Listing Agent: Rafael Perez

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Utilities

Utilities Information:

  • Heating: Central, Electric, Natural Gas, Other
  • Cooling: Central Air, Electric, Window Unit(s)

School Info

Assigned Schools Information:

  • Aldine Senior High School, Public District Grades 10-12
  • Grantham Academy, Public Magnet Grades 7-8
  • Carroll Academy, Public District Grades KG-4

Other

Directions Information:

  • Directions: From Hardy Toll road take Gulf Bank going West property will be on right hand side

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
  • Price Per SqFt: $310/SqFt
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Housing Market Comparison

See how this home compares to others in Houston, TX.

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Houston, TX

City

Med. Sold Price

$315.2K

Med. Price/SqFt

$165

Avg. Days On Market

34

# of Sold Homes

2315

511 Gulf Bank Rd Unit 5 vs Houston

409 DAYS ON ROCKET

+375 Days

$1,800,000

+$1.4M More

$310/SqFt

+$145 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $145/SqFt more than other homes in Houston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #56432460

Listing Office:

  • Office Name: Fathom Realty
  • Office Phone: (888) 455-6040
  • Listing Agent: Rafael Perez

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 6/2/2024, 8:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7676316
5
/10

  • Carroll Academy

  • 423 W Gulf Bank Rd

  • 1.10 miles

  • Public District Grades KG-4

Middle School

school-card-donut-7676317
4
/10

  • Grantham Academy

  • 13300 Chrisman Rd

  • 1.83 miles

  • Public Magnet Grades 7-8

High School

school-card-donut-7676318
2
/10

  • Aldine Senior High School

  • 11101 Airline Dr

  • 2.26 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,846. The most common annual income of people living in Houston, TX is between $35k-100k. Most families are married, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Houston, TX

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Houston, TX.

Houston's housing market is diverse, offering a mix of single-family homes, high-rise apartments, and townhouses. The architectural styles vary widely, with modern high-rises in the city center and traditional homes in the suburbs. The market is dynamic, with new developments and older, established neighborhoods providing options for a range of preferences and budgets.

What is it like to live in Houston, TX?

Houston prides itself on being a vibrant and culturally rich city, with a bustling arts scene, numerous museums, and a reputation for excellent dining. The community comes together for events like the Houston Livestock Show and Rodeo, which reflects the city's blend of urban sophistication and traditional Texan culture.

Is it easy to get around Houston, TX without a car?

The city is served by a robust educational system, including a significant number of public and private schools, higher education institutions, and specialized training centers. Healthcare is a strong suit, with world-renowned hospitals like the Texas Medical Center offering cutting-edge care. Retail and dining options are plentiful, showcasing Houston's diverse cultural influences.

Transportation in Houston, TX.

Houston's transportation network includes an extensive system of highways and roads, facilitating travel and commuting across the city and to surrounding areas. Public transit options are available, with buses and light rail services providing connectivity. The city is also served by ride-sharing services, enhancing mobility for residents and visitors alike.

Frequently Asked Questions About 511 Gulf Bank Rd Unit 5

What is the listing price of this property?

The listing price of 511 Gulf Bank Rd Unit 5 property is $1,800,000.

What type of property is this?

The property 511 Gulf Bank Rd Unit 5 is a house located in Houston, Texas, 77037.

Is this property for sale now?

Active Listing: 511 Gulf Bank Rd Unit 5 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 511 Gulf Bank Rd Unit 5 are:
Carroll Academy: GreatSchools Rating 5/10
Grantham Academy: GreatSchools Rating 4/10
Aldine Senior High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 511 Gulf Bank Rd Unit 5 has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 511 Gulf Bank Rd Unit 5 is 5,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 511 Gulf Bank Rd Unit 5 is 1960.

Rocket Homes›Texas›Harris County›Houston›77037›511 Gulf Bank Rd Unit 5

This home is located at 511 Gulf Bank Rd Unit 5 in Houston, TX and zip code 77037. This 5,800 square foot home was built in 1960. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 20, 2023 and is currently priced at $1,800,000.

Houston, TX housing market in May 2024 saw over 434 listings sold above listed price, more than 514 sold at listed price and over 1366 sold below. In May 2024 in Houston, TX there were 14.7% more homes for sale than in April 2024. Listings spent 34 days on the market in May 2024, and had a median list price of $315,297 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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