Last 24 Hours
$499,995
2407 Prospect Street, Houston, TX, 77004
$567,494 ARV
On Market
4 Beds
4 Bath
4,000 Sq Ft
Single Family Residence
$125 / sqft
Built in 1940Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
Bedrooms 4
Bathrooms Full 4FlooringTile, Wood
Exterior
Lot Size7,031 sqft
Building Information
Year Built1940
Stories2
Land Information
APN0611190000037
SubdivisionRiverside Terrace
Land UseResidential
Legal Description.875 U/D INT IN TRS 37 & 38A BLK 26 RIVERSIDE TERRACE SEC 3
Census Tract313000
Assessed Land Value$180,110
Assessed Improvement Value$256,085
Assessment Year2025
About this property
Spacious residence full of character located in one of Houston’s most iconic historic communities. This property is ready for transformation and offers a unique opportunity for those with vision to restore, renovate, or reimagine the space. Situated next to a million-dollar home, the location reflects the area’s ongoing growth and investment. With close proximity to Highway 288, Downtown, the Texas Medical Center, and major universities, this is an opportunity to create value in a neighborhood where culture, history, and new development intersect.
Investor Tools
$0Estimated Mortgage Balance
$492,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$567,493
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$891/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,234
$436,195
2025
$180,110
$256,085
$436,195
No
Tax History
Year
Tax Paid
Assessed Value
2024
$8,234
$436,195
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$492,000
100%
0%
$0/mo
12.4%