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$498,000

NAL Estimated Property Value

1508 State Street, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths980 Sq Ft
price_per_sqft$438.78 / sqft
Year BuiltBuilt in 1890

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 1Bathrooms 1
FlooringVinyl

Exterior

Lot Size5,001 sqft

Land Information

APN0212490000007
Lot Number7
SubdivisionJohnson
Land UseResidential
Legal DescriptionLT 7 BLK 1 JOHNSON
Census Tract510100
Assessed Land Value$300,000
Assessment Year2025

About this property

Commercial or residential opportunity within Downtown proximity in the historic 6th ward district. Home dates back to 1890 with 3 bedrooms, living area, utility room and backyard space. Home is non-contributing to the historic district. Tear-down is possible. Close proximity to the ever changing and growing Washington Corridor! Invest in this opportunity! Property was not flooded by Hurricane Harvey.

Investor Tools

Property Icon
$498,000
Estimated Property Value
$269,754Estimated Mortgage Balance
$228,246Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$687/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,754
$300,000
2025
$300,000
N/A
$300,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,754
$300,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Epc Ventures Inc
Purchase Money Mortgage
$300,000
No
First
Feb 11, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$269,754
$228,246
45%
54%
$1,799/mo

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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1508 State Street | Property Details | No Agent List