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$644,000

NAL Estimated Property Value

3836 Gramercy St, Houston, TX, 77025

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,356 Sq Ft
price_per_sqft$479.35 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size8,189 sqft

Building Information

Year Built1948
Stories1
Garage Spaces2

Land Information

APN0720060010002
Lot Number2
SubdivisionBraes Heights
Land UseResidential
Legal DescriptionLT 2 BLK 1 BRAES HEIGHTS SEC 1
Census Tract412500
Assessed Land Value$529,538
Assessed Improvement Value$57,289
Assessment Year2025

About this property

Prime development opportunity in sought-after Braes Heights/Southside Place area. This 8,190 sq ft lot near Gramercy and Stella Link is being offered at lot value, presenting the ideal site for new construction in one of Houston's most desirable neighborhoods. With one existing residence (a 3-bed, 1-bath main house, the property holds income potential during planning or permitting phases. Surrounded by luxury custom homes, zoned to top-rated schools, and minutes from the Medical Center, Rice Village, and Hermann Park, this is an exceptional chance to build where demand remains strong. Drive by and envision your next project.

Investor Tools

Property Icon
$644,000
Estimated Property Value
$8,135Estimated Mortgage Balance
$635,865Estimated Equity
98% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,900 /month
Positive
Cash Flow Estimate:
$1,300 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$558/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,480
$586,827
2025
$529,538
$57,289
$586,827
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,480
$586,827

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dba Houstonian Mtg Group
Va
$92,700
Yes
First
Jan 28, 1998
Feb 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,135
$635,865
98%
1%
$556/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,040/mo
$556/mo
+$1,484/mo
3.8%

City: Houston

3836 Gramercy St | Property Details | No Agent List