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$732,000

NAL Estimated Property Value

16 Milan Ests, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,397 Sq Ft
price_per_sqft$208.18 / sqft
Year BuiltBuilt in 1997

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, Electric Oven, Oven, Microwave, Gas Cooktop, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,405 sqft

Building Information

Year Built1997
Garage Spaces1

Land Information

APN1185670010022
SubdivisionMilan Place
Land UseResidential
Legal DescriptionTR 11A BLK 1 MILAN PLACE
Census Tract431801
Assessed Land Value$237,713
Assessed Improvement Value$322,706
Assessment Year2025

About this property

Meticulously maintained traditional three bed, two and a half bath town home conveniently located in Galleria Area gated community. First floor living features formal living room with gas fireplace, formal dining room with direct access to the kitchen with granite counter tops and Jenn-Air appliances. Additional intimate den on first floor with gas fireplace and built-ins, and access to the private patio. Hardwood floors throughout first floor. Second floor spacious master bedroom with en-suite master bath with large walk-in closet, separate shower and jetted tub. Two secondary bedrooms with shared bathroom up. Easy access to 610 W and I-10 W.

Investor Tools

Property Icon
$732,000
Estimated Property Value
$221,669Estimated Mortgage Balance
$510,331Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,392 /month
Positive
Cash Flow Estimate:
$1,464 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$952/month
$2,875/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,769
$560,419
2025
$237,713
$322,706
$560,419
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,769
$560,419

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$249,000
No
First
Sep 28, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$221,669
$471,331
68%
30%
$1,493/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,368/mo
$-1,788/mo
4.2%

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.

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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16 Milan Ests | Property Details | No Agent List