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$724,000

NAL Estimated Property Value

1123 W Melwood St, Houston, TX, 77009

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,260 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$3.37 / sqft
Year BuiltBuilt in 1927

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Refrigerator, Dishwasher
FlooringBrick, Carpet, Tile, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1927
Stories1
Garage Spaces1

Land Information

APN0621010000015
Lot Number15
SubdivisionNorth Norhill
Land UseResidential
Legal DescriptionLT 15 BLK 122 NORTH NORHILL
Census Tract511400
Assessed Land Value$450,000
Assessed Improvement Value$224,300
Assessment Year2025

About this property

This home has been totally renovated. Gorgeous finishes throughout. There are 3 bedrooms, 2 baths in the main house, plus a separate guest suite/studio with full bath adjacent to the garage. Abundant natural light, lots of storage, beautifully updated kitchen and baths. Guest quarters is approximately 305 s.f. - perfect for visitors, an art studio or home office. In a great section of the friendly Norhill neighborhood. Walking distance to many restaurants and the Norhill Esplanade.

Investor Tools

Property Icon
$724,000
Estimated Property Value
$512,417Estimated Mortgage Balance
$211,583Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,344 /month
Positive
Cash Flow Estimate:
$1,448 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,472/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,040
$674,300
2025
$450,000
$224,300
$674,300
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,040
$674,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$535,000
No
First
Jan 4, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$512,417
$220,583
30%
71%
$3,208/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,208/mo
$-1,486/mo
2.9%

City: Houston

1123 W Melwood St | Property Details | No Agent List