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$1,599,900

2801 Albans Rd, West University Place, TX, 77005

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,195 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$728.88 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size6,338 sqft

Building Information

Year Built1939
Garage Spaces1

Land Information

APN0590400000015
Lot Number16
SubdivisionMonticello
Land UseResidential
Legal DescriptionLT 16 & TR 15 BLK 6 MONTICELLO
Census Tract412300
Assessed Land Value$950,400
Assessed Improvement Value$295,600
Assessment Year2025

About this property

2801 Albans Road — Rare West University Place corner homesite offered at lot value. Exceptional opportunity to secure a coveted corner at Albans and Wakeforest — 57.5' x 110' (6,325 SF per survey, 0.145 acre) in Monticello, a highly desirable enclave blocks from Rice University, Rice Village, Medical Center, and the Museum District. West U is an independent city with top-ranked schools, police, and municipal services. FEMA Zone X — outside the 100-year floodplain. Two street frontages provide outstanding design flexibility for a custom build — corner light, side-entry garage potential, and commanding presence on a beautiful tree-lined street. Offered for a limited window prior to construction on a new custom residence — this corner will not be available again. Property is improved with an existing house conveying strictly as-is, where-is, with no value assigned to improvements; value is in the land. Interior unavailable for viewing; do not disturb. Lot walks by appointment. No repairs.

Investor Tools

Property Icon
$1,479,000
Estimated Property Value
$60,000Estimated Mortgage Balance
$1,238,542Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,599 /month
Positive
Cash Flow Estimate:
$3,200 /month

Interested in this property?

Jorge Bolio

Texas Boutique Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,832/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,594
$1,246,000
2025
$950,400
$295,600
$1,246,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,594
$1,246,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Credit Line (Revolving) / Heloc
$200,000
No
First
Jun 1, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,458
$1,238,542
83%
16%
$1,560/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$1,560/mo
+$1,020/mo
2.1%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: West University Place

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2801 Albans Rd | Property Details | No Agent List