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$493,000

NAL Estimated Property Value

1101 Gibbs St, Houston, TX, 77009

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,120 Sq Ft
price_per_sqft$338.39 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Microwave, Gas Cooktop, Dishwasher
FlooringWood

Exterior

Lot Size4,552 sqft

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN0351010620001
SubdivisionSunset Heights
Land UseResidential
Legal DescriptionTRS 1 & 2 BLK 62 SUNSET HEIGHTS
Census Tract511502
Assessed Land Value$341,250
Assessed Improvement Value$88,950
Assessment Year2025

About this property

Great cozy Bungalow in Sunset Heights. This 2Bdrm, 1Bath with converted Garage/apartment is the perfect home for your needs. Home has great features Wood floors throughout and Granite counter tops also Master has attached study nook. The Open floor plan is a plus which makes this home feel that much better. Large backyard with new privacy fence. The garage is large 24x24 converted apartment with central air, utility room and its own RR/shower combo. Located within walking distance from new Farmers Market also close to all the Heights eateries and shops. Centrally located close to all major freeways perfect location for your home..

Investor Tools

Property Icon
$493,000
Estimated Property Value
$283,800Estimated Mortgage Balance
$209,200Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,958 /month
Positive
Cash Flow Estimate:
$986 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$734/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,344
$430,200
2025
$341,250
$88,950
$430,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,344
$430,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$315,000
No
First
Mar 11, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,800
$182,200
39%
58%
$1,889/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,889/mo
$-582/mo
3.2%

City: Houston

1101 Gibbs St | Property Details | No Agent List