46Days on Market

1view

$2,950

$3,200

2016 Sabine St, Houston, TX, 77007

On Market

Price Drop

3 Beds

3 Bath

1,928 Sq Ft

Single Family Residence

$1.53 / sqft

Built in 2007

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,690 sqft

Building Information

Year Built2007

Garage Spaces2

Land Information

APN1285820010007

Lot Number7

SubdivisionGregory Square

Land UseResidential

Legal DescriptionLT 7 BLK 1 GREGORY SQUARE AMEND

Census Tract510100

Assessed Land Value$131,680

Assessed Improvement Value$298,411

Assessment Year2025

About this property

Welcome to this stunning corner lot home in a gated community within the vibrant Arts District. Just minutes from downtown, The Heights, and Midtown, this home is perfectly situated for city living. Featuring 3 bedrooms, 3 bathrooms, and 1928 square feet of living space, this property offers an open layout with beautiful natural light, hardwood floors, high ceilings, and a fireplace. The kitchen boasts granite counters, stainless appliances, and a walk-in pantry, while the primary suite includes a jetted tub, walk-in shower, and a large walk-in closet. Don't miss the spacious patio on the third floor, perfect for outdoor entertaining. Just steps from the Heights bike trail and within walking distance to shops and restaurants, this home truly has it all. NO AIRBNB/VRBO/SUBLEASE!

Investor Tools

$393,538Estimated Mortgage Balance

$37,187Estimated Equity

11% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,581 /month

Positive

Cash Flow Estimate:

$860 /month

Interested in this property?

Veso Kossev

The Kossev Group

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$695/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,187

$430,091

2025

$131,680

$298,411

$430,091

Tax History

Year

Tax Paid

Assessed Value

2024

$6,187

$430,091

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Liberty Bank & Trust

Purchase Money Mortgage

$407,550

First

Jul 19, 2024

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$393,538

$49,462

11%

92%

$2,444/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$2,444/mo

+$136/mo

7.2%

Learn About the Market: Opportunity in Houston

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