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$805,000

NAL Estimated Property Value

1228 W 16th Street, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths2,972 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$269.18 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size3,825 sqft

Building Information

Year Built2018
Garage Spaces2

Land Information

APN0561670060009
Lot Number9
SubdivisionShady Acres Extn
Land UseResidential
Legal DescriptionLT 9 BLK 1 SHADY ACRES EXTN SEC 3 4TH PAR R/P
Census Tract511201
Assessed Land Value$210,375
Assessed Improvement Value$594,625
Assessment Year2025

About this property

Waterfront, resort style living in The Heights! This stunning home located on White Oak Lake is perfect for those who love to entertain! The home boasts soaring 12 foot ceilings, gorgeous hardwood floors throughout, spacious living, designer finishes, and three covered, oversized patios for dreamy outdoor living and entertaining. Spacious kitchen is a chef's delight, featuring high-end Bosch appliances, beverage refrigerator, quartz countertops, and massive bar! Perfect for entertaining friends and family. Step outside to your backyard and garden and enjoy the soothing sound of the crystal blue lagoon and water fountain. This 4 BR, 4.5 BA, model-like home has everything, even an elevator to take you to the fourth floor patio where you can see downtown views and Fourth of July fireworks! Don't miss this opportunity to own a slice of paradise and make every day feel like your on vacation! Walk to all your favorite bars and restaurants that The Heights has to offer!

Investor Tools

Property Icon
$805,000
Estimated Property Value
$192,188Estimated Mortgage Balance
$612,812Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,830 /month
Positive
Cash Flow Estimate:
$1,610 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,407/month
$1,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,859
$805,000
2025
$210,375
$594,625
$805,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,859
$805,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bp Fcu
Conventional
$200,000
No
First
Mar 26, 2024
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,188
$612,812
76%
24%
$1,200/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,300/mo
$-70/mo
3.3%

Learn About the Market: Opportunity in Houston

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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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1228 W 16th Street | Property Details | No Agent List