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$1,477,313

NAL Estimated Property Value

2018 Southgate Blvd, Houston, TX, 77030

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,560 Sq Ft
price_per_sqft$546.88 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size13,199 sqft

Building Information

Year Built1950
Stories1
Garage Spaces2

Land Information

APN0641010210019
SubdivisionSouthgate
Land UseResidential
Legal DescriptionTRS 18A 19 19A & 20A BLK 21 SOUTHGATE
Census Tract412201
Assessed Land Value$1,441,000
Assessed Improvement Value$36,313
Assessment Year2025

About this property

Home on large Lot in highly desirable Southgate near Medical Center and Museum District. The home is in poor condition and has interesting features and some large rooms but the value is in the land. There are 2 surveys, but the lots are platted together by HCAD. Per attached Survey the dimensions of the West lot with the home are 52.8 x 125, and the East vacant lot is 54.63 x 110, and the road frontage is 107 feet. Seller's disclosure is not required as the improvement value is less than 5% of the total value. See attached Addenda and Instructions for Offers. Note: City of Houston Planning and Development reportedly has a minimum lot size of 7475 SF restriction which prevents further subdividing of the combined lots. It may be feasible to purchase the lots separately per the survey legal descriptions in order to build a home on each lot. Restricted for 1 home per lot.

Investor Tools

Property Icon
$1,477,313
Estimated Property Value
$0Estimated Mortgage Balance
$1,477,313Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,864 /month
Positive
Cash Flow Estimate:
$2,955 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,818/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$26,429
$1,477,313
2025
$1,441,000
$36,313
$1,477,313
No

Tax History

Year
Tax Paid
Assessed Value
2024
$26,429
$1,477,313

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,477,313
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,330/mo
N/A
+$2,330/mo
1.9%

City: Houston

2018 Southgate Blvd | Property Details | No Agent List