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$485,000

NAL Estimated Property Value

1802 Bailey St, Houston, TX, 77019

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,930 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$189.07 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Dishwasher, Refrigerator
FlooringTile

Exterior

Lot Size2,039 sqft

Building Information

Year Built2000
Garage Spaces2

Land Information

APN1206200010009
Lot Number9
SubdivisionSutton-Gillette Townhomes
Land UseResidential
Legal DescriptionLT 9 BLK 1 SUTTON-GILLETTE T/H SEC 2
Census Tract410101
Assessed Land Value$183,600
Assessed Improvement Value$265,934
Assessment Year2025

About this property

Beautifully updated/remodeled corner lot townhome in fantastic Midtown location. This home has the most amazing views of the city from all floors and a large terracotta brick patio/side yard for sitting and relaxing. Perfect location is less than 5 minutes from downtown with easy access to all major freeways. Second floor open living with an abundance of natural light, plantations shutters, gas log fireplace and dining room. Large kitchen with stainless appliances, granite counters, and lots of cabinets. Dramatic primary bedroom with crown moldings, updated fixtures and 3 walk-in closets. Spa-like primary bath with oversized shower stall w/floor-to-ceiling tile, updated lighting. Even the garage has been updated with insulated overhead door, shelving, and is temperature-controlled. Lightly lived in with quality that rivals new construction. Please view 3-D floor plan.

Investor Tools

Property Icon
$485,000
Estimated Property Value
$227,470Estimated Mortgage Balance
$257,530Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,910 /month
Positive
Cash Flow Estimate:
$970 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$966/month
$843/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,171
$449,534
2025
$183,600
$265,934
$449,534
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,171
$449,534

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$255,000
No
First
Oct 21, 2020
Nov 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$227,470
$272,530
54%
47%
$1,529/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,372/mo
$-412/mo
4.8%

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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1802 Bailey St | Property Details | No Agent List