2view

Owner Contacts

$379,019

NAL Estimated Property Value

231 Delmar St, Houston, TX, 77011

Off Market

2 Beds

1 Bath

1,785 Sq Ft

$232.49 / sqft

Built in 1909

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating

AppliancesGas Oven, Electric Range, Oven

FlooringTile, Wood

Exterior

Lot Size11,252 sqft

Building Information

Year Built1909

Garage Spaces1

Land Information

APN0150280000011

Lot Number11,12

SubdivisionFullerton Place

Land UseResidential

Legal DescriptionLTS 11 & 12 BLK 20 FULLERTON PLACE

Census Tract310500

Assessed Land Value$243,750

Assessed Improvement Value$135,269

Assessment Year2025

About this property

LOCATION, LOCATION, LOCATION!!! A rare opportunity to own an exquisite 1909 Arts & Craftsman Bungalow meticulously maintained on 2 lots in Fullerton Place subdivision, Houston's Historic East End. Precious 2 bedrooms 1 bath, with charming curb appeal, inviting front porch, welcome you as you enter the home elegant foyer. The formal living & dining room with tall ceilings, transom windows, original wood floors, and an abundance of natural light, open concept feel- great for entertaining guests. The large guest room, master bedroom, and bath are a site to see. Huge, private backyard, perfect for entertaining and so much more. Minutes away from the University of Houston-Downtown, Med Center, lots of restaurants, and shopping centers. Walking distance to Harrisburg Hike & Bike Trail, the Metrorail, 7-8 minutes by rail to Minute Maid Park, BBVA Compass Stadium, George R. Brown Convention Center, Discovery Green, and Downtown. NO FLOODING during Harvey! Call for an appointment TODAY!!!

Investor Tools

$379,019

Estimated Property Value

$344,367Estimated Mortgage Balance

$34,652Estimated Equity

9% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,490 /month

Positive

Cash Flow Estimate:

$830 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$557/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,786

$379,019

2025

$243,750

$135,269

$379,019

Tax History

Year

Tax Paid

Assessed Value

2024

$4,786

$379,019

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cornerstone Home Lending Inc

Conventional

$380,000

First

Jun 15, 2021

Jul 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$344,367

$34,652

91%

$2,279/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$2,279/mo

$-972/mo

4.1%

Learn About the Market: Opportunity in Houston

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