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$2,073,143

NAL Estimated Property Value

1737 Banks St, Houston, TX, 77098

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,354 Sq Ft
price_per_sqft$411.12 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Electric Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher
FlooringCarpet, Concrete, Tile, Wood

Exterior

Lot Size5,998 sqft

Building Information

Year Built2015
Stories2
Garage Spaces2

Land Information

APN0530480000008
Lot Number8
SubdivisionOrmond Place
Land UseResidential
Legal DescriptionLT 8 BLK 8 ORMOND PLACE
Census Tract411901
Assessed Land Value$690,000
Assessed Improvement Value$1,383,143
Assessment Year2025

About this property

1737 Banks St is a modern 4BR home in sought-after Ormond Place, offering privacy, comfort & thoughtful design. The front gate opens to a lovely interior courtyard, visible from the large home office space. Downstairs polished concrete floors, high ceilings, walls of windows, & pre-wired sound grace open living/entertaining spaces incl. modern chef's kitchen w/quartz countertops, Madeval cabinetry, & Thermador appliances, incl. 6-burner stove w/ griddle+double ovens. The family room extends outside via glass doors to exterior living room w/fireplace, & pre-wired for sound & TV. Fully turfed yard w/room for a pool is visible from formal dining room, providing lush green views. Accessed via gallery hallway, the primary bedroom offers custom drapes, fireplace, & luxurious spa suite bath w/ shower wet area, freestanding tub, double vanity, & floating cabinetry. 3 bedrooms & the utility room along w/game room w/dry bar & beverage center. Per Seller: Power was not lost during Harvey or Beryl

Investor Tools

Property Icon
$2,073,143
Estimated Property Value
$745,656Estimated Mortgage Balance
$1,327,487Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,439 /month
Positive
Cash Flow Estimate:
$4,146 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,407/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$30,516
$2,073,143
2025
$690,000
$1,383,143
$2,073,143
No

Tax History

Year
Tax Paid
Assessed Value
2024
$30,516
$2,073,143

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Horizon Bank
Conventional
$750,000
No
First
Jan 21, 2026
Feb 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$745,656
$1,327,487
64%
36%
$4,497/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,497/mo
$-1,157/mo
1.9%

City: Houston

1737 Banks St | Property Details | No Agent List