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Owner Contacts

$1,035,123

NAL Estimated Property Value

2615 Riverside Dr, Houston, TX, 77004

Off Market

4 Beds

4 Bath

4,308 Sq Ft

$208.68 / sqft

Built in 1935

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Private Pool

Lot Size30,117 sqft

Building Information

Year Built1935

Garage Spaces1

Land Information

APN0611260330015

Lot Number15

SubdivisionRiverside Terrace

Land UseResidential

Legal DescriptionLT 15 & TR 16A BLK 33 RIVERSIDE TERRACE SEC 5

Census Tract313000

Assessed Land Value$548,204

Assessed Improvement Value$486,919

Assessment Year2025

About this property

Beautiful home in Historic Riverside Terrace. The home boast updated electrical and more, pool, detached garage and Hollywood pool. Stone wall circles the property with a gate for the auto court. The home sits on over half an acre. Even though the home has been updated so you live with modern day amenities it still retains the charm it had from when it was built in 1935. Grace and beauty is what this home offers and here is your chance to live in one of Houston's original mansions- Square footage does not include garage apartment-There is a kitchen, living room and bedroom in garage apartment.Please confirm measurements- Room measurements are estimates

Investor Tools

$1,035,123

Estimated Property Value

$533,058Estimated Mortgage Balance

$502,065Estimated Equity

48% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,211 /month

Positive

Cash Flow Estimate:

$2,070 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,938/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,083

$1,035,123

2025

$548,204

$486,919

$1,035,123

Yes (2023)

Tax History

Year

Tax Paid

Assessed Value

2024

$18,083

$1,035,123

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Liberty Bank & Trust

Commercial

$600,000

First

Aug 24, 2020

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$533,058

$502,065

48%

51%

$3,598/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$3,598/mo

$-1,372/mo

2.6%

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