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$942,000

NAL Estimated Property Value

1040 Gibbs St, Houston, TX, 77009

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,125 Sq Ft
price_per_sqft$287.97 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size3,598 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN0351030650003
Lot Number4
SubdivisionSunset Heights
Land UseResidential
Legal DescriptionLT 4 & TR 3 BLK 65 SUNSET HEIGHTS
Census Tract511502
Assessed Land Value$270,000
Assessed Improvement Value$659,221
Assessment Year2025

About this property

The Warwick floorplan is one of Sandcastle Homes specialty floorplans. It has four bedrooms, three full bathrooms and one-half bathroom. The kitchen is an impressive focal point, featuring two islands and a cozy breakfast area. Additionally, a private study is situated downstairs, adjacent to the dining room, providing a quiet space for work or relaxation. On the second floor, you'll find the luxurious Primary Bath, complete with two walk-in closets, double vanities, a standing shower, and a relaxing tub for ultimate comfort. The second floor also houses a spacious gameroom, offering an ideal area for entertainment and leisure, along with the other three bedrooms to accommodate your family or guests. The Warwick floorplan truly combines functionality and elegance to create a remarkable living space. Move In Ready September 2024!

Investor Tools

Property Icon
$942,000
Estimated Property Value
$753,348Estimated Mortgage Balance
$188,652Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,652 /month
Positive
Cash Flow Estimate:
$1,884 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$795/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,836
$929,221
2025
$270,000
$659,221
$929,221
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,836
$929,221

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homexpress Mortgage Corp
Conventional
$774,000
No
First
Nov 20, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$753,348
$285,652
27%
80%
$4,641/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$4,641/mo
$-2,415/mo
2.8%

City: Houston

1040 Gibbs St | Property Details | No Agent List