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$1,575,000

1749 Banks St, Houston, TX, 77098

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths3,029 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$519.97 / sqft
Year BuiltBuilt in 1936

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Refrigerator Included, Washer Included, Wine Refrigerator, Double Oven, Electric Oven, Freestanding Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBack Green Space, Side Yard, Sprinkler System
Lot Size5,998 sqft

Building Information

Year Built1936
Garage Spaces2

Land Information

APN0530480000011
Lot Number11
SubdivisionOrmond Place
Land UseResidential
Legal DescriptionLT 11 BLK 8 ORMOND PLACE
Census Tract411901
Assessed Land Value$690,000
Assessed Improvement Value$620,195
Assessment Year2025

About this property

Stunning 4-bedroom, 3-bathroom home with a 798 sq. ft. garage apartment in the sought-after Boulevard Oaks area. This home has been superbly updated while maintaining its character and charm. The main floor features a formal dining room, family room, first-floor bedroom with en-suite bath, and a kitchen boasting quartz countertops, a large island, custom pantry, and bar area. Upstairs, all bedroom closets feature California Closets, and the gorgeous primary bath showcases Italian marble and custom white oak cabinetry. Versatile third-floor game room or office with adjoining flex space. The garage apartment, completed in 2017 by Covington Builders, offers a full kitchen, bathroom, and laundry, making it ideal for a home office, guests, game room, or rental income. Oversized two-car garage with abundant storage. Turfed backyard. Excellent location, zoned to Poe Elementary and Lanier Middle School, within the West U Baseball boundary and minutes from Rice Village dining and shopping.

Investor Tools

$665,566Estimated Mortgage Balance
$767,434Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,450 /month
Positive
Cash Flow Estimate:
$3,150 /month

Interested in this property?

Thomas Kane

Martha Turner Sotheby's International Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,294/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,358
$1,310,195
2025
$690,000
$620,195
$1,310,195
No

Tax History

Year
Tax Paid
Assessed Value
2024
$20,358
$1,310,195

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$761,728
No
First
Mar 19, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$665,566
$767,434
53%
46%
$4,567/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,567/mo
$-1,227/mo
2.8%

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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1749 Banks St | Property Details | No Agent List