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$504,000

216 E 31st 1/2 Street A, Houston, TX, 77018

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,823 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$219.36 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Vinyl, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,429 sqft

Building Information

Year Built2023
Garage Spaces1

Land Information

APN1468300010003
Lot Number3
Land UseResidential Single Family
Legal DescriptionLT 3 BLK 1 EAST 31ST STREET GARDENS
Census Tract530300
Assessment Year2025

About this property

Live just one minute from The Heights—without paying Heights prices. This newly built 3-bed, 3.5-bath home delivers modern style and unmatched value in the rapidly growing Independence Heights. Featuring wide-plank floors, quartz countertops, a soaking tub, and a chef-style kitchen with waterfall island and soft-close cabinets, every detail has been thoughtfully designed. The open-concept second floor flows seamlessly onto a private balcony—perfect for morning coffee or evening wind-downs. Enjoy a small private yard, no HOA, gated driveway access, and smart energy-efficient systems throughout. With Whole Foods just around the corner, your backyard is basically a 24/7 pantry. Whether you're a first-time buyer, savvy investor, or someone looking for a low-maintenance lock-and-leave in a booming area, this home checks all the boxes. Only two units remain—don’t miss your chance to get in early on this incredible opportunity. Book your tour today!

Investor Tools

Property Icon
$504,000
Estimated Property Value
$0Estimated Mortgage Balance
$96,009Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,024 /month
Positive
Cash Flow Estimate:
$1,008 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,793
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,793
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Us Bank Na
Conventional
$423,200
No
First
May 10, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$407,991
$96,009
19%
81%
$2,538/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,538/mo
$-816/mo
4.1%

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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216 E 31st 1/2 Street A | Property Details | No Agent List