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$1,154,000

NAL Estimated Property Value

1719 Banks St, Houston, TX, 77098

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,752 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$268.53 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringBrick, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size3,315 sqft

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN0562520000015
SubdivisionWest Edgemont
Land UseResidential
Legal DescriptionTRS 5A & 6A BLK 2 WEST EDGEMONT
Census Tract411901
Assessed Land Value$328,200
Assessed Improvement Value$485,937
Assessment Year2025

About this property

Elegant townhome in the heart of Rice/Museum District on desired Banks Street! This well appointed home boasts open concept living, island kitchen w/granite countertops/backsplash, SS appliances, & tons of storage! Graceful dining room w/iron crystal chandelier overlooking sunken living room w/marble surround fireplace. Dining/living area are enhanced by detailed crown molding, wall of mirrors, floor to ceiling window, and bar! Den with double full light glass doors leading to manicured brick courtyard! Upstairs: huge primary bedroom w/sitting area, wet bar, wall of windows leading to front porch, updated en suite bathroom featuring marble countertops w/dual sinks, jett tub, glass surround marble shower, antique chandelier + 2 walk in closets! 2 additional bedrooms up w/one currently being used as an office w/wall of shelves and access to large back patio. 2 car attached garage + all new plumbing 2020. Close to Rice Village, Downtown, & Medical Center! A true gem in the city!

Investor Tools

Property Icon
$1,154,000
Estimated Property Value
$681,621Estimated Mortgage Balance
$472,379Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,924 /month
Positive
Cash Flow Estimate:
$2,308 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,511/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,366
$814,137
2025
$328,200
$485,937
$814,137
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,366
$814,137

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$574,000
No
First
Mar 14, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$681,621
$351,379
34%
59%
$4,361/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,361/mo
$-1,781/mo
2.7%

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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1719 Banks St | Property Details | No Agent List