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Owner Contacts

$923,000

NAL Estimated Property Value

4409 Mandell St, Houston, TX, 77006

Off Market

2 Beds

3 Bath

3,000 Sq Ft

Single Family Residence

$199.67 / sqft

Built in 1981

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Electric Cooktop, Dishwasher, Refrigerator

FlooringCarpet, Tile

Exterior

Private Pool

Lot Size6,935 sqft

Building Information

Year Built1981

Stories2

Garage Spaces1

Land Information

APN0392230010008

SubdivisionCastle Court

Land UseResidential

Legal DescriptionTR 8A BLK 4 CASTLE COURT R/P

Census Tract410900

Assessed Land Value$424,530

Assessed Improvement Value$170,687

Assessment Year2025

About this property

Offered substantially below market value, this unique property affords an outstanding opportunity in an excellent location to develop, renovate or build a custom home a stone’s throw from Mandell Park in the Menil Museum district. Lot is 6934 per HCAD: can accommodate 2-3 patio homes or a beautiful custom home. Site is very private, perfect for buyer seeking “lock and leave lifestyle”. Unusual 2009 sf 2 BR home with soaring ceilings and pool has lots of potential. Potentail to updated into stylish, spacious home perfect for anyone or turn into corporate lease. Enough space under roof to add bedrooms. Also, room on site to expand footprint of existing home. Home needs extensive repairs & updates. Estate sale. Property to be sold in current condition, “As is Where is”.

Investor Tools

$923,000

Estimated Property Value

$0Estimated Mortgage Balance

$923,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,538 /month

Positive

Cash Flow Estimate:

$1,846 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,581/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,355

$595,217

2025

$424,530

$170,687

$595,217

Tax History

Year

Tax Paid

Assessed Value

2024

$14,355

$595,217

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$929,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

N/A

+$2,580/mo

3.4%

Learn About the Market: Opportunity in Houston

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