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$452,000

1048 W 15th 1/2 St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,993 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$238.33 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher, Washer/Dryer, Oven
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,485 sqft

Building Information

Year Built2018
Garage Spaces1

Land Information

APN0561670080010
Lot Number10
SubdivisionShady Acres Extn
Land UseResidential
Legal DescriptionLT 10 BLK 1 SHADY ACRES EXTN SEC 3 9TH PAR R/P
Census Tract511201
Assessed Land Value$81,620
Assessed Improvement Value$357,209
Assessment Year2025

About this property

Discover this stunning 3-story home located in the heart of The Heights, one of Houston's most walkable and vibrant neighborhoods. Enjoy an open kitchen, dining and living space perfect for entertaining! The high ceilings, large window provide an abundance of natural light throughout the home. The oversized primary suite boasts a beautiful spa-like bath with a freestanding tub, large walk- in shower and dual sinks with tons of storage. The additional bedrooms and guest bath on-suite are perfect for family, a private office or flex space. The home is situated in a quiet, gated community with tons of guest parking (rare for this area!) and within walking distance to shops, restaurants, park, running trails, and quick access to Downtown, The Med Center and Energy Corridor!

Investor Tools

Property Icon
$452,000
Estimated Property Value
$315,000Estimated Mortgage Balance
$143,019Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$698/month
$1,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,122
$438,829
2025
$81,620
$357,209
$438,829
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,122
$438,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$315,000
No
First
Apr 17, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,981
$137,019
30%
68%
$1,889/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,389/mo
$-1,159/mo
5.9%

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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1048 W 15th 1/2 St | Property Details | No Agent List