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$1,200,000

1418 Kipling St, Houston, TX, 77006

PendingInfo
Beds2 Beds
Baths2 Bath
Baths2,414 Sq Ft
price_per_sqft$497.1 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer Included, Refrigerator Included, Washer Included, Wine Refrigerator, Freestanding Oven, Gas Oven, Oven, Free-Standing Range, Gas Range, Dishwasher
FlooringConcrete, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBack Green Space, Sprinkler System
Lot Size5,950 sqft

Building Information

Year Built1997
Garage Spaces3

Land Information

APN0262040000005
Lot Number5
SubdivisionMontrose
Land UseResidential
Legal DescriptionLT 5 BLK 77 MONTROSE
Census Tract410703
Assessed Land Value$714,000
Assessed Improvement Value$143,586
Assessment Year2025

About this property

Modern & chic home designed by award-winning architect Val Glitsch in a great location in Montrose. The property is just blocks away from the Menil campus and convenient to Rice University, Texas Medical Center, and Downtown. This unique home is comprised of two parallel structures that face each other across a large courtyard with a pool. The green space and reflective light is incorporated into the blueprint and visible through the multitude of windows facing the courtyard. The simplicity of its design with its clean & simple lines and airy light filled spaces, is what makes this home so distinctive. Recent upgrades include HVAC units, a 40+ year Galvalume metal roof, and several new fences. Owners have lovingly preserved the original 1997 vision of the architect and honored its original intention. Open concept living with concrete floors on the first level and oak wood floors on the second level of the home. Grounds are nicely landscaped and complimented by a beautiful Oak tree.

Investor Tools

$6,649Estimated Mortgage Balance
$850,937Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,231/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,481
$857,586
2025
$714,000
$143,586
$857,586
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,481
$857,586

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Bank
N/A
$63,000
N/A
First
Jun 8, 1998
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,649
$850,937
99%
1%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
N/A
+$1,640/mo
2.3%

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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1418 Kipling St | Property Details | No Agent List