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$1,031,000

1705 Michigan St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,750 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$279.73 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringStone, Wood

Exterior

Lot Size2,500 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN1342590010003
Lot Number3
SubdivisionCentre Ville
Land UseResidential
Legal DescriptionLT 3 BLK 1 CENTRE VILLE
Census Tract410402
Assessed Land Value$237,500
Assessed Improvement Value$789,330
Assessment Year2025

About this property

This Irongate Home is the epitome of great craftsmanship & a thoughtful floorplan. You have a sprawling living space with impeccable design and tons of natural light from a neighboring tree-lined property. Enjoy a chef's kitchen, formal dining room (currently being used as a secondary TV Space), spacious living room, & study nook on the 2nd floor. The kitchen provides high-end appliances & an abundance of custom cabinetry & storage. The oversized primary suite includes a private sitting space, beautiful marble finishes & large master closet. Enjoy your private patio, turfed space & garden off the first floor. This abounding downstairs space features a sitting room, guest suite & study (currently shown as a home gym). Elegant hardwood flooring, marble countertops, Ram Windows, fireplace, Tesla Battery Wall, Solar Panels & Elevator adorn this home. Located within the vibrant Montrose District, this home offers enviable access to upscale dining, shopping, & entertainment.

Investor Tools

Property Icon
$1,031,000
Estimated Property Value
$595,000Estimated Mortgage Balance
$0Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,294 /month
Positive
Cash Flow Estimate:
$2,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,635/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,470
$1,026,830
2025
$237,500
$789,330
$1,026,830
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,470
$1,026,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chevron Fcu
Conventional
$569,000
No
First
Jan 26, 2016
Feb 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,168,930
N/A
0%
113%
$7,880/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$7,880/mo
$-5,300/mo
3.0%

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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1705 Michigan St | Property Details | No Agent List