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$922,000

NAL Estimated Property Value

1721 Banks St, Houston, TX, 77098

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,080 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$321.63 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Gas Oven, Microwave, Electric Range, Gas Range, Refrigerator, Dishwasher, Washer/Dryer
FlooringLaminate, Marble, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size3,345 sqft

Building Information

Year Built1972
Stories2
Garage Spaces2

Land Information

APN0562520000016
SubdivisionWest Edgemont
Land UseResidential
Legal DescriptionTR 6B BLK 2 WEST EDGEMONT
Census Tract411901
Assessed Land Value$330,525
Assessed Improvement Value$340,942
Assessment Year2025

About this property

Stunning townhome in the heart of Rice/Museum District with pool! One of three townhomes that rarely come on the market! Re-designed and updated in 2014! This home boasts open floor plan, chef's kitchen w/huge island, stainless appliances including gas range and double oven, granite countertops, unparalleled living space w/wall of French doors opening to backyard oasis! Primary bdrm upstairs w/raised ceiling and wall of 3 arched windows, en suite w/marble dual sinks and large glass surround shower. 2 additional bdrms up w/sizable closets and shared bath in the hall with tub/shower! Rare spacious backyard w/pool (replastered 2020), cabana, and turfed flooring. Darling black/white guest bathroom on first floor plus 2 car attached garage! *Home entirely painted, retextured, and new shingled roof (August 2020). The home is wonderful for entertaining lg crowds and located on prime street close to Rice Village, Downtown, and Medical Center! A true beauty in every way! *per seller

Investor Tools

Property Icon
$922,000
Estimated Property Value
$455,854Estimated Mortgage Balance
$466,146Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,532 /month
Positive
Cash Flow Estimate:
$1,844 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,243/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,302
$671,467
2025
$330,525
$340,942
$671,467
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,302
$671,467

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$510,000
No
First
Nov 6, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$455,854
$485,146
51%
49%
$3,058/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,058/mo
$-1,098/mo
2.6%

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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1721 Banks St | Property Details | No Agent List