84Days on Market

1view

$1,999,900

1511 Kipling Street, Houston, TX, 77006

On Market

4 Beds

4 Bath

4,008 Sq Ft

Single Family Residence

$498.98 / sqft

Built in 2026

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4

Bathrooms Full 1

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Wine Refrigerator, Convection Oven, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Cooktop, Gas Range, Dishwasher, Oven

FlooringCarpet, Tile, Wood

Exterior

Lot Size6,251 sqft

Building Information

Year Built1935

Stories1

Garage Spaces2

Land Information

APN0522240000007

Lot Number7

SubdivisionMandell Place

Land UseResidential

Legal DescriptionLT 7 BLK 4 MANDELL PLACE

Census Tract410703

Assessed Land Value$750,000

Assessed Improvement Value$6,435

Assessment Year2025

About this property

* Est Completion Date 08/01/2026 * Welcome to the highly desirable Mandell Place. * Built By 2023 GHBA Custom Builder of The Year, Mazzarino Construction & Development * This home comprises all of the high-end finishes you’ve come to expect from Mazzarino. It's a balance of luxury and modern-day living. This new, energy-efficient home features spray foam insulation, a SmartScreen thermostat, natural stone/quartz counters, Fisher Paykel appliances, a wine column, 2 luxurious built-in primary closets, intricate trim carpentry, engineered wood floors, game room w/wet bar, variable speed furnace, & 2-stage condenser with multilevel zoning. Retail, restaurants, gyms, groceries, you name it, are with in walking distance. Major Freeways, Downtown, Menil Park Park, Medical Center, Theater, Art & Museum Districts are all just mins away. Contact us today for a private tour!

Investor Tools

$1,289,871Estimated Mortgage Balance

$690,129Estimated Equity

34% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,999 /month

Positive

Cash Flow Estimate:

$4,000 /month

Interested in this property?

Blake Vincent

DUX Realty, LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,024/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,387

$756,435

2025

$750,000

$6,435

$756,435

Tax History

Year

Tax Paid

Assessed Value

2024

$14,387

$756,435

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of Houston

Commercial

$1,315,000

First

May 14, 2025

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,289,871

$690,129

34%

65%

$7,885/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$7,885/mo

$-5,925/mo

1.2%

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.

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