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$967,638

NAL Estimated Property Value

232 W 24th Street, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,238 Sq Ft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,276 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN0200400000068
Lot Number16
SubdivisionHouston Heights
Land UseResidential Single Family
Legal DescriptionLT 16 BLK 44 HOUSTON HEIGHTS
Census Tract511501
Assessed Land Value$311,125
Assessed Improvement Value$656,513
Assessment Year2025

About this property

232 W. 24th St…a terrific opportunity for new construction in the Heights on an oversized prime 9,825 sf lot (per HCAD). Not located in a historic district. Alley access as well along with 2 driveway aprons from the street. Curbed and guttered street with sidewalks. 2 bedroom/1 bath cottage in back being conveyed in its present condition. Close to Heights area shops, restaurants, trails and entertainment with a convenient location to downtown.

Investor Tools

Property Icon
$967,638
Estimated Property Value
$623,587Estimated Mortgage Balance
$344,051Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,806 /month
Positive
Cash Flow Estimate:
$1,935 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,544/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,692
$967,638
2025
$311,125
$656,513
$967,638
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,692
$967,638

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Imperial Mortgage Inc
Conventional
$650,000
No
First
Feb 20, 2024
Mar 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$623,587
$344,051
35%
64%
$3,898/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$3,898/mo
$-1,668/mo
2.8%

City: Houston

232 W 24th Street | Property Details | No Agent List