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$539,186

NAL Estimated Property Value

1609 Spring St Unit A, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,231 Sq Ft
price_per_sqft$183.77 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size1,747 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1325650010004
Lot Number4
SubdivisionVillas At Spring
Land UseResidential
Legal DescriptionLT 4 BLK 1 VILLAS AT SPRING
Census Tract510100
Assessed Land Value$134,000
Assessed Improvement Value$405,186
Assessment Year2025

About this property

Come and take a look: 3-bedroom townhome built in 2012 with FANTASTIC view of the Downtown skyline from the terrace. One bedroom + study downstairs, 2 more bedrooms on the third floor. Sleek finishes throughout, and the location is premium: all kinds of shopping and dining options within a few blocks, and also located in the midst of Houston Art Studio area - the access to highways is bar none and Downtown is a hop and a skip away. This is quite the package - no mandatory HOA either! Must see - make an appointment today

Investor Tools

Property Icon
$539,186
Estimated Property Value
$341,126Estimated Mortgage Balance
$198,060Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,235 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$906/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,170
$539,186
2025
$134,000
$405,186
$539,186
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,170
$539,186

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$384,750
No
First
Jul 31, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$341,126
$198,060
36%
63%
$2,307/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,557/mo
+$23/mo
5.7%

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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1609 Spring St Unit A | Property Details | No Agent List