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$579,000

257 Malone St, Houston, TX, 77007

$653,037 ARVInfo
On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,484 Sq Ft
price_per_sqft$233.09 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringMarble, Stone, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size2,500 sqft

Building Information

Year Built1994
Stories2
Garage Spaces4

Land Information

APN0300660000008
Lot Number11
SubdivisionRice Military
Land UseResidential
Legal DescriptionLT 11 BLK 24 RICE MILITARY
Census Tract510801
Assessed Land Value$237,500
Assessed Improvement Value$218,181
Assessment Year2025

About this property

New windows installed/Rare Rice Military proper home with a 4-car garage that truly sets it apart! This 2-story, 3-bedroom with 1 primary up and 1 primary down, 3-bath single-family home features a 4-car tandem garage plus a private driveway large enough for 4 cars—an exceptional advantage where parking is often limited. The main living level offers an open, light-filled layout with hardwood floors, spacious kitchen, dining area, and comfortable living room ideal for everyday living and entertaining. Enjoy a private backyard, another hard-to-find feature in the area. With only two stories, the home offers easier day-to-day living than many nearby 3- and 4-story properties. Centrally located steps from Memorial Park—home to the PGA Houston Open and LPGA Chevron Championship, residents get discounted green fees—plus Buffalo Bayou, hike-and-bike trails, restaurants, retail, and major Houston destinations. A rare combination of location, livability, outdoor space in one compelling package!

Investor Tools

$208,209Estimated Mortgage Balance
$402,791Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$653,037
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,666 /month
Positive
Cash Flow Estimate:
$1,222 /month

Interested in this property?

Chris Hallard

Memorial Park Properties

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$841/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,038
$455,681
2025
$237,500
$218,181
$455,681
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,038
$455,681

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$265,000
No
First
Aug 29, 2016
Oct 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$208,209
$402,791
65%
34%
$1,589/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,589/mo
+$991/mo
5.1%

City: Houston

257 Malone St | Property Details | No Agent List