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$1,829,000

NAL Estimated Property Value

1606 Morse St, Houston, TX, 77019

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths5,028 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$362.97 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Double Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size5,249 sqft

Building Information

Year Built2007
Stories1
Garage Spaces2

Land Information

APN0610290000004
Lot Number4
SubdivisionLewisdale
Land UseResidential
Legal DescriptionLT 4 BLK 1 LEWISDALE
Census Tract410401
Assessed Land Value$656,250
Assessed Improvement Value$1,102,786
Assessment Year2025

About this property

One of the most distinctive homes in this River Oaks Area neighborhood, this California-style contemporary home was custom built by the original owner-builder with design features & finishes ahead of their time. This elegant residence sets itself apart with its striking exterior elevations, sophisticated floorplan, extraordinary outdoor dining & living spaces with remarkably appointed summer kitchen & pneumatic elevator that opens to living areas on each floor. The beautifully appointed kitchen, with a huge island & pull up seating, opens to the generous living & dining areas. The formal dining is privately situated across from the home office/study & accessible through the butler's pantry off the kitchen. The striking wrought iron staircase takes you to the second floor where you find the main suite with screened porch & treetop views of the pretty patio. The home theater, den/office & terrace/summer kitchen are on third floor. Please view photos & video to capture flow & features!

Investor Tools

Property Icon
$1,829,000
Estimated Property Value
$1,268,918Estimated Mortgage Balance
$560,082Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,974 /month
Positive
Cash Flow Estimate:
$3,658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,988/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,706
$1,759,036
2025
$656,250
$1,102,786
$1,759,036
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,706
$1,759,036

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$1,424,000
No
First
Aug 18, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,268,918
$509,082
28%
69%
$5,814/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,814/mo
$-3,234/mo
1.7%

City: Houston