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$871,000

NAL Estimated Property Value

3702 Mount Vernon St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,430 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.18 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Gas Cooktop, Dishwasher
FlooringStone, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1940

Land Information

APN0261900000001
Lot Number1
SubdivisionMontrose
Land UseResidential
Legal DescriptionLT 1 BLK 64 MONTROSE
Census Tract410703
Assessed Land Value$600,000
Assessed Improvement Value$229,976
Assessment Year2025

About this property

Commercial use permitted - Fully gated home in the heart of Montrose with commercial or residential possibilities. 3 bedrooms/offices located upstairs. This property was previously a law office and before was a dental office. This 1940 home was most recently updated in 2013 with significant upgrades to the kitchen and bathrooms, including all stone countertops, upgraded showers, and stainless-steel appliances. Three total bedrooms upstairs include a well-proportioned primary suite with a walk-in closet and en-suite bathroom. The home boasts hardwood floors, PEX water supply lines, A/C unit replace in 2021, and a fully fenced yard with a remote operated driveway gate to secure the motor court and 2-car covered carport. Located on a serene tree-lined street with a shade covered corner lot just minutes from downtown and walking distance from many Montrose area festivities.

Investor Tools

Property Icon
$871,000
Estimated Property Value
$505,569Estimated Mortgage Balance
$365,431Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,226 /month
Positive
Cash Flow Estimate:
$1,742 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,790/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,130
$829,976
2025
$600,000
$229,976
$829,976
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,130
$829,976

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Unknown
$535,000
No
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$505,569
$385,431
43%
58%
$3,208/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,208/mo
$-628/mo
3.6%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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