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$243,000

NAL Estimated Property Value

1441 East St Unit 315, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,002 Sq Ft
price_per_sqft$229.54 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony/Terrace, Storage, Storage Outside of Unit

Building Information

Year Built2003

Land Information

APN1253690000038
SubdivisionThe Heights At Madison Park
Land UseResidential
Legal DescriptionUNIT 315 .0304 INT COMMON LAND & ELE THE HEIGHTS AT MADISON PARK CONDO AMEND
Census Tract510202
Assessed Land Value$45,600
Assessed Improvement Value$194,400
Assessment Year2025

About this property

Beautifully maintained 2-bedroom, 2-bath condo in the heart of Rice Military/Washington Corridor! This light-filled unit features soaring ceilings, an open-concept layout, wood-style flooring, and a spacious living area with private balcony access. Kitchen offers granite countertops, breakfast bar seating, ample cabinetry, and great storage. Oversized primary suite includes a large bath with soaking tub/shower combo and generous closet space. Additional features include in-unit washer/dryer, built-in desk/workstation, reserved parking, and gated garage access. Conveniently located minutes from Downtown, Memorial Park, Buffalo Bayou trails, The Heights, and Washington Ave dining, shopping, and nightlife. Easy access to I-10, Allen Pkwy, and major Houston employment centers. Low-maintenance urban living in a prime location! Condo has 2 reserved parking spaces.

Investor Tools

Property Icon
$243,000
Estimated Property Value
$0Estimated Mortgage Balance
$243,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,458 /month
Positive
Cash Flow Estimate:
$486 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$520/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,022
$240,000
2025
$45,600
$194,400
$240,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,022
$240,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$253,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$350/mo
+$1,610/mo
9.7%

Learn About the Market: Opportunity in Houston

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Explore

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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1441 East St Unit 315 | Property Details | No Agent List