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$1,185,000

NAL Estimated Property Value

1517 Tulane St, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,909 Sq Ft
price_per_sqft$391.89 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Convection Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size5,850 sqft

Building Information

Year Built2005
Stories1
Garage Spaces2

Land Information

APN0201410000012
SubdivisionHouston Heights
Land UseResidential
Legal DescriptionTRS 12 & 13A BLK 145 HOUSTON HEIGHTS
Census Tract511301
Assessed Land Value$526,500
Assessed Improvement Value$577,300
Assessment Year2025

About this property

Located in the heart of the Houston Heights on a tree-lined curbed/guttered wide street sits 1517 Tulane, a spectacular 3 bed/3.5 bath home w/ unfinished garage apt. Fully fenced. Front living/study is perfect for your needs. Spacious formal dining room let’s you entertain in style. Butler’s pantry/walk-in pantry lead into the gourmet kitchen which features granite counters, island, s/s appliances, custom cabinetry, ice-maker and eat-in area. Family room is complete with fireplace, built-ins and wired for sound. Storage galore! Upstairs primary bedroom offers a walk-in closet, spa-like bath w/ double sinks, vanity, jetted tub & walk-in shower + private covered porch. Two nice-size secondary bedrooms connected by a Jack-n-Jill bath, laundry zone and linen closet complete the 2nd floor. Amazing backyard includes covered porch, patio, outdoor kitchen and greenspace + side yard. Sprinkler system. Detached 2 car garage w/ unfinished space above w/ central air/heat can be for future plans.

Investor Tools

Property Icon
$1,185,000
Estimated Property Value
$48,436Estimated Mortgage Balance
$1,136,564Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,110 /month
Positive
Cash Flow Estimate:
$2,370 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,557/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,758
$1,103,800
2025
$526,500
$577,300
$1,103,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,758
$1,103,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Reed G Andrus Etux
Purchase Money Mortgage
$50,000
No
First
Aug 21, 2024
Mar 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$48,436
$1,161,564
95%
4%
$300/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$300/mo
+$1,930/mo
2.3%

City: Houston

1517 Tulane St | Property Details | No Agent List