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Owner Contacts

$1,065,365

NAL Estimated Property Value

2624 Newman St, Houston, TX, 77098

Off Market

4 Beds

4 Bath

3,342 Sq Ft

Single Family Residence

$344.11 / sqft

Built in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Oven, Refrigerator

FlooringCarpet, Concrete, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size2,500 sqft

Building Information

Year Built2014

Garage Spaces2

Land Information

APN0561290020001

Lot Number1

Land UseResidential

Legal DescriptionLT 1 BLK 1 WEST COURT 2ND PAR R/P

Census Tract411002

Assessed Land Value$287,500

Assessed Improvement Value$777,865

Assessment Year2025

About this property

Stunning contemporary 4 bed 3½ bath custom home in highly desirable Upper Kirby. Spacious elevator-ready home features high-end finishes & upgrades. Chef’s kitchen w/ Thermador stainless steel appliances, custom cabinets & quartz counters lining an extended island. Main level open floor plan includes kitchen, dining & living rooms & gorgeous outdoor terrace w/ TV & gas fireplace. Sophisticated polished concrete, beautiful hardwood floors, loft style floating staircases & large windows allowing fabulous natural light & abundant storage. 3rd floor primary suite boasts large bedroom & closet w/ generous built-ins. Spa-like primary bath includes an oversized glass enclosed double shower & double vanities. Secondary bedrooms have en-suite baths. Control4 home automation system unites TV, music, surround sound, lighting & 4-camera security system. Turfed back & side yard. Walkable neighborhood, close to incredible shopping & dining. Lovingly cared for & lightly lived in by original owner.

Investor Tools

$1,065,365

Estimated Property Value

$547,073Estimated Mortgage Balance

$518,292Estimated Equity

48% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$6,900 /month

Positive

Cash Flow Estimate:

$2,300 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,847/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$16,838

$1,065,365

2025

$287,500

$777,865

$1,065,365

Tax History

Year

Tax Paid

Assessed Value

2024

$16,838

$1,065,365

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Movement Mortgage

Conventional

$575,000

First

Sep 6, 2023

Oct 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$547,073

$518,292

48%

51%

$3,448/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

$3,448/mo

$-868/mo

2.9%

Learn About the Market: Opportunity in Houston

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