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$524,990

1007 E 28th Street, Houston, TX, 77009

PendingInfo
Beds3 Beds
Baths4 Bath
Baths2,555 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.48 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Cooktop, Gas Range, Dishwasher

Exterior

Exterior FeaturesBalcony
Lot Size1,690 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN1361450010020
Lot Number20
Land UseResidential
Legal DescriptionLT 20 BLK 1 HEIGHTS ENCLAVE
Census Tract511502
Assessed Land Value$109,720
Assessed Improvement Value$457,280
Assessment Year2025

About this property

Amazing 3-bedroom brick residence located in the sought-after Heights! Effortlessly contemporary and design-forward, a 3-story retreat intertwines natural textures with sleek elements. It has a beautiful facade with a balcony, neutral colors throughout, and large windows which let in plenty of natural light. The foyer showcases refined elegance with soaring ceilings and a hardwood stairway. The open-concept floor plan featuring a large kitchen and a spacious living area with access to the balcony creates an inviting space for entertaining. Its stylish kitchen captures today's desired amenities with white cabinetry, an island with breakfast bar seating, and pendant lights. The master suite showcases an oversized walk-in closet and a master bath with a bathtub, stall shower, and double vanity. You'll have access to open spaces with lush greenery, beautiful landscaping, and a covered picnic area.

Investor Tools

$252,692Estimated Mortgage Balance
$314,308Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,402 /month
Positive
Cash Flow Estimate:
$1,134 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,289/month
$1,740/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,638
$567,000
2025
$109,720
$457,280
$567,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,638
$567,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lima One Capital Llc
Commercial
$266,490
No
First
Aug 30, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$252,692
$314,308
55%
45%
$1,598/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,338/mo
$-1,616/mo
3.6%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1007 E 28th Street | Property Details | No Agent List