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$512,000

NAL Estimated Property Value

1222 Summer St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,455 Sq Ft
price_per_sqft$213.85 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1,577 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN1341370010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 SUMMER STREET LANDING
Census Tract510100
Assessed Land Value$126,160
Assessed Improvement Value$359,236
Assessment Year2025

About this property

Gorgeous 3 bed, 3.5 bath home with a rooftop terrace complete with pergola and downtown views has been well maintained and ready for immediate move in. Home receives great natural light in every room & features flawless hardwood floors & a waterfall island in the kitchen. The open floor plan couples space with style over the sprawling 2,455 square feet. Don't miss the wine fridge and office nook off the kitchen allowing for additional work from home space. Home has new paint, carpet and landscaping making the THREE private outdoor lounge spaces ready to enjoy just in time for Spring. Speaking of Spring, the home is walkable to the Spring Street studios, restaurants, breweries, great neighborhood bars and the hike and bike trails.

Investor Tools

Property Icon
$512,000
Estimated Property Value
$451,436Estimated Mortgage Balance
$60,564Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,058/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,133
$485,396
2025
$126,160
$359,236
$485,396
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,133
$485,396

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Fha
$477,716
Yes
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,436
$68,564
13%
88%
$2,865/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,865/mo
$-285/mo
6.0%

City: Houston

1222 Summer St | Property Details | No Agent List