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$445,000

1735 Norfolk St, Houston, TX, 77098

On MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,040 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$218.14 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Electric Range, Dishwasher
FlooringCarpet

Exterior

Private PoolPrivate Pool
Lot Size3,502 sqft

Building Information

Year Built1978
Stories2
Garage Spaces2

Land Information

APN0660870060005
SubdivisionRichwood
Land UseResidential
Legal DescriptionTR 5A BLK 6 RICHWOOD
Census Tract410900
Assessed Land Value$213,750
Assessed Improvement Value$213,889
Assessment Year2025

About this property

Amazing opportunity in the heart of Montrose! Walking distance to restaurants, minutes from HEB. NO HOA! The open concept has soaring ceilings with great natural light. 2 BDR 3 bath home with office or 3rd bedroom downstairs. ADA downstairs bath. Pool in backyard can be your own personal oasis. Atrium off of Office or 3rd bedroom downstairs. Completed construction includes pex pipes, Energy Efficient HVAC, new sliding doors, exterior/interior paint, pool re-plastered with new coping/pool equipment. Owner is architect and will pass the floor plan layout to finish the kitchen. Work still needs to be completed, including Kitchen cabinets, all appliances, plumbing and electrical stubbed up to be finished out. All light fixtures needed, 1 bath will need to be fully finished, the other 2 baths need vanity cabinets and sinks, bathtub in place but needs new fixtures. This home offers a blank canvas for your vision. Never flooded, not in Flood Zone.

Investor Tools

$354,624Estimated Mortgage Balance
$193,672Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,276 /month
Positive
Cash Flow Estimate:
$1,092 /month

Interested in this property?

Jerry Blum

Better Homes and Gardens Real Estate Gary Greene -

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$316/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,064
$427,639
2025
$213,750
$213,889
$427,639
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,064
$427,639

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$367,251
No
First
Jun 5, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$354,624
$108,376
23%
65%
$2,202/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,202/mo
$-242/mo
4.3%

City: Houston

1735 Norfolk St | Property Details | No Agent List