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$823,000

NAL Estimated Property Value

1541 Nevada St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,063 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$257.59 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Cooktop, Refrigerator, Dishwasher, Cooktop

Exterior

Lot Size3,115 sqft

Building Information

Year Built2000
Garage Spaces1

Land Information

APN1206870010004
Lot Number4
SubdivisionNevada Place
Land UseResidential
Legal DescriptionLT 4 BLK 1 NEVADA PLACE
Census Tract410402
Assessed Land Value$295,735
Assessed Improvement Value$417,515
Assessment Year2025

About this property

Discover this charming home located in the heart of North Montrose. Designed for comfortable first-floor living, the home features an inviting living room, open concept kitchen equipped with stainless steel appliances, a formal dining area, a cozy gas log fireplace as well as an elevator shaft to 2nd floor. Upstairs, you'll find an oversized primary suite, boasting a spacious en-suite bathroom and dual walk-in closets. Two additional bedrooms share a well-appointed bathroom, while the third floor offers a versatile flex space—perfect for a guest room, work space, gym, or play room. Step outside to your coveted private backyard with enough room to add a cocktail pool. The 2-car garage with a private driveway offers parking for two additional vehicles—a rare find in Montrose. The roof was replaced in 2024. Fresh paint and refinished floors make this home move-in ready! Just minutes from downtown and some of the area’s best dining, this beautiful home is truly a must-see!

Investor Tools

Property Icon
$823,000
Estimated Property Value
$621,603Estimated Mortgage Balance
$201,397Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,938 /month
Positive
Cash Flow Estimate:
$1,646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,264/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,050
$713,250
2025
$295,735
$417,515
$713,250
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,050
$713,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$628,000
No
First
Oct 16, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$621,603
$192,397
23%
76%
$3,766/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,766/mo
$-1,186/mo
3.8%

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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1541 Nevada St | Property Details | No Agent List