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$725,000

1303 Summer St, Houston, TX, 77007

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$436.75 / sqft
Year BuiltBuilt in 1918

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringWood

Exterior

Exterior FeaturesSide Yard
Lot Size5,502 sqft

Building Information

Year Built1918

Land Information

APN1393500010001
Lot Number1,2
Land UseResidential
Legal DescriptionLTS 1 & 2 BLK 1 SUMMER VISTA
Census Tract510100
Assessed Land Value$357,500
Assessed Improvement Value$372,497
Assessment Year2025

About this property

This restored, updated, and polished Folk Victorian cottage in vibrant First Ward has a fenced, landscaped yard and raised porches on 3 sides. First Ward, was 1 of 3 wards created in 1839 for representation in municipal government. Wards are gone, but their legacies remain. This home offers 10+ ft ceilings; an open, inviting dining/living/kitchen space surrounded by tall, double-hung replacement windows; replacement hardwood floors; & modern island kitchen with quartzite countertops, pendant lighting, farm sink, gas range, refrigerator/freezer, microwave, & dishwasher. Glass doors access side & rear porches & yard. Airy primary bedroom has a custom-fitted walk-in closet & en suite bath with herringbone-patterned porcelain-tile floor, quartzite sink deck, glass-enclosed shower, & soaking tub. Secondary bedrooms have deep step-in closets & access to a tiled hall bath with quartzite sink deck & tub/shower. Easy access to downtown, Sawyer Yards, POST Houston, Museum District, and more!

Investor Tools

$350,108Estimated Mortgage Balance
$379,889Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,380 /month
Positive
Cash Flow Estimate:
$1,460 /month

Interested in this property?

Walter Bering

Martha Turner Sotheby's International Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,465
$729,997
2025
$357,500
$372,497
$729,997
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,465
$729,997

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Whitney Bank
Conventional
$399,000
No
First
May 7, 2020
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$350,108
$379,889
52%
48%
$2,393/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,393/mo
+$187/mo
4.2%

City: Houston

1303 Summer St | Property Details | No Agent List