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$1,068,142

NAL Estimated Property Value

1517 Kipling Street, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,503 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$397.52 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Water Softener, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Dryer, Oven, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size6,251 sqft

Building Information

Year Built1990
Stories1
Garage Spaces2

Land Information

APN0522240000006
Lot Number6
SubdivisionMandell Place
Land UseResidential
Legal DescriptionLT 6 BLK 4 MANDELL PLACE
Census Tract410703
Assessed Land Value$750,000
Assessed Improvement Value$318,142
Assessment Year2025

About this property

Beautifully updated Craftsman brick bungalow in coveted Mandell Place in Montrose. Easy access to Texas Med Center, Rice University, and Downtown. Walking distance to the Menil campus, parks, great restaurants, and coffee shops. Home has been lovingly restored with ecofriendly materials, including low VOC interior paint. Plantation shutters throughout the downstairs of the home dress it up nicely. Floorplan was refreshed to expand the kitchen and add a large utility room. Upgrades to the kitchen include new soft-close cabinetry, Silestone countertops, a chef inspired Wolf range, a Kohler farmhouse sink, and the addition of a large breakfast island as the central feature in the space. Primary bedroom upstairs boasts new Pella energy efficient windows and a large wrap around walk-in closet with built-ins. Recent foundation and drainage work. Whole house Aquasana water filtration system installed. Wrought iron electric driveway gate leads to a 2-car garage, which is rare for the bungalow.

Investor Tools

Property Icon
$1,068,142
Estimated Property Value
$1,626,122Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,409 /month
Positive
Cash Flow Estimate:
$2,136 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,752/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,687
$1,068,142
2025
$750,000
$318,142
$1,068,142
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,687
$1,068,142

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dmd Financial Corp
Unknown
$819,000
No
First
Dec 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,626,122
N/A
0%
152%
$9,822/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$9,822/mo
$-7,242/mo
2.9%

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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1517 Kipling Street | Property Details | No Agent List