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$862,000

NAL Estimated Property Value

1229 Cortlandt St, Houston, TX, 77008

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,058 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$422.74 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Microwave, Gas Range, Dishwasher
FlooringLaminate, Tile, Wood

Exterior

Lot Size6,599 sqft

Building Information

Year Built1920
Stories1

Land Information

APN0201840000005
Lot Number5
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionLT 5 BLK 188 HOUSTON HEIGHTS
Census Tract511302
Assessed Land Value$594,000
Assessed Improvement Value$261,589
Assessment Year2025

About this property

Located in the heart of the Houston Heights historic district sits 1229 Cortlandt, a 4 bed/2 bath Craftsman bungalow on a 6,600 sf lot (per HCAD). Zoned to Harvard Elem (buyer to verify eligibility). Spectacular 150 year old (protected by CoH) live oak trees grace the property and provide amazing shade and beauty. Quintessential front porch for relaxation. Front living/dining rooms are ideal for everyday living and entertaining. Kitchen is well-appointed with honed granite counter, marble island, s/s appliances, ample cabinetry + adjoining sitting/breakfast area. Primary bedroom down includes a sitting area, good closet space and hallway bath which offers a marble counter, double sinks, walk-in shower and vanity space. Secondary bedroom/TV room + laundry off kitchen complete the 1st floor. Upstairs are two secondary bedrooms, study/exercise room and bath w/ double sinks and shower/tub. Magnificent fenced backyard is highlighted by a butterfly garden, expansive deck & water fountain.

Investor Tools

Property Icon
$862,000
Estimated Property Value
$128,099Estimated Mortgage Balance
$733,901Estimated Equity
85% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,220 /month
Positive
Cash Flow Estimate:
$1,740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,519
$855,589
2025
$594,000
$261,589
$855,589
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,519
$855,589

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$130,000
No
First
Jul 16, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$128,099
$732,901
85%
15%
$780/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$780/mo
+$1,450/mo
3.1%

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.

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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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1229 Cortlandt St | Property Details | No Agent List