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$421,002

NAL Estimated Property Value

1229 Welch St, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,752 Sq Ft
price_per_sqft$214.04 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Range, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,616 sqft

Building Information

Year Built1998
Stories3
Garage Spaces1

Land Information

APN0370850000063
SubdivisionWestover
Land UseResidential
Legal DescriptionTR 52A WESTOVER
Census Tract410501
Assessed Land Value$153,615
Assessed Improvement Value$267,387
Assessment Year2025

About this property

Fabulous opportunity in the heart of Montrose! This 2 bed, 2.5 bath home plus a home office is well-maintained & ready for personalizing. The 1st floor features a powder bath off the foyer, along with a versatile open space with a closet, ideal for a home office. From here, access the covered back patio. The 2nd floor serves as the main living area, featuring a spacious living room with hardwood flooring, a dedicated dining area, & kitchen with a functional layout. The 3rd floor includes the spacious primary suite with large windows, a spacious bathroom with walk-in shower, & big walk-in closet. The hallway has a laundry closet, plus another bedroom with a full bath. Entire HVAC system & water heater replaced April 2025. Located in one of Montrose’s most desirable spots, near top restaurants, the Museum District, Buffalo Bayou Park, Memorial Park, Menil Park, & everyday conveniences like H-E-B, Whole Foods, & Trader Joe’s. Enjoy low-maintenance, lock-and-leave living with NO HOA!

Investor Tools

Property Icon
$421,002
Estimated Property Value
$79,518Estimated Mortgage Balance
$341,484Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,526 /month
Positive
Cash Flow Estimate:
$842 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$863/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,251
$421,002
2025
$153,615
$267,387
$421,002
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,251
$421,002

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gmac Mortgage Corp
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$164,625
No
First
Oct 31, 2005
Nov 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$79,518
$341,484
81%
19%
$884/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$884/mo
+$1,076/mo
5.6%

City: Houston

1229 Welch St | Property Details | No Agent List