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$1,149,000

NAL Estimated Property Value

311 Malone St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$389.83 / sqft
Year BuiltBuilt in 1999

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, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,500 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN0300660000055
Lot Number5
SubdivisionRice Military
Land UseResidential Single Family
Legal DescriptionLT 5 BLK 24 RICE MILITARY
Census Tract510801
Assessed Land Value$237,500
Assessed Improvement Value$880,234
Assessment Year2025

About this property

New Orleans or Texas... in the heart of Rice Military and Memorial Park sitting on 3 contiguous lots. This beautiful home has great character and charm. A 2 story home with all living downstairs featured on a 7500 sq ft lot includes (Lot 4,5,6). Welcoming high ceilings, architectural statements and space galore. Rain water collection system holds 550 gallons ample water to water landscaping. Amarylis in the back are 100 years old, lotus and papyrus, an organic garden with organic soil. Energy efficient-3 separate AC's with 3 zones thus low e bill $200 a month, back electrical panel has a plug if you lose power can plug it right in. Rinni tankless gas hot water heater-commercial grade are just a few of the extras this home offers. A must see and a great home for entertaining. Open Sunday March 20, 1:00-4:00 pm.

Investor Tools

Property Icon
$1,149,000
Estimated Property Value
$555,230Estimated Mortgage Balance
$593,770Estimated Equity
53% 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
$1,667/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,260
$1,117,734
2025
$237,500
$880,234
$1,117,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,260
$1,117,734

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sage Home Loans Corp
Conventional
$575,000
No
First
Jun 12, 2024
Jul 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$555,230
$626,770
53%
48%
$3,448/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,448/mo
$-868/mo
2.7%

City: Houston

311 Malone St | Property Details | No Agent List