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Owner Contacts

$1,949,215

NAL Estimated Property Value

1815 Milford St, Houston, TX, 77098

$2,026,597 ARV

Off Market

4 Beds

5 Bath

4,998 Sq Ft

Single Family Residence

$395.16 / sqft

Built in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher, Dryer

FlooringConcrete, Stone, Wood

Exterior

Lot Size5,998 sqft

Building Information

Year Built2006

Garage Spaces2

Land Information

APN0530460000021

Lot Number11

SubdivisionOrmond Place

Land UseResidential

Legal DescriptionLT 11 BLK 6 ORMOND PLACE

Census Tract411901

Assessed Land Value$690,000

Assessed Improvement Value$1,259,215

Assessment Year2025

About this property

Extensively renovated home with elevator and wine room in wonderful Boulevard Oaks location. This refined home has just been crisply painted and features a stunning island kitchen with a SubZero refrigerator, Wolf 6 burner gas range, new quartzite countertops, new dishwasher and new wine fridge. Spacious primary retreat and renovated spa-like bath with new quartzite countertops, new flooring, new freestanding tub and new seamless glass shower enclosure with stone surround. This home also features a striking office, game room and wine room/media space with adjoining 2000 bottle capacity wine cellar. New quartz countertops in all secondary baths, new LED lighting, new light fixtures, new plumbing fixtures and more. This home also features a large covered veranda with renovated future pool bath. Fabulous location within close proximity to upscale restaurants, Rice University, the Museum District and the Texas Medical Center. New roof and recent water heaters.

Investor Tools

$1,949,215

Estimated Property Value

$0Estimated Mortgage Balance

$431,405Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$2,026,597

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,850 /month

Positive

Cash Flow Estimate:

$3,950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$4,380/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$42,819

$1,949,215

2025

$690,000

$1,259,215

$1,949,215

Tax History

Year

Tax Paid

Assessed Value

2024

$42,819

$1,949,215

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,955,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

N/A

+$3,340/mo

2.1%

Learn About the Market: Opportunity in Houston

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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.

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