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Owner Contacts

$1,621,000

NAL Estimated Property Value

501 Avondale St, Houston, TX, 77006

Off Market

3 Beds

3 Bath

3,685 Sq Ft

Single Family Residence

$485.75 / sqft

Built in 1912

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Ice Maker, Wine Refrigerator, Electric Oven, Microwave, Dishwasher, Dryer, Refrigerator, Washer

FlooringTile, Wood

Exterior

Lot Size7,000 sqft

Building Information

Year Built1920

Stories2

Garage Spaces2

Land Information

APN0261280000008

Lot Number8

Land UseResidential

Legal DescriptionLT 8 BLK 2 MONTROSE

Census Tract410502

Assessed Land Value$480,000

Assessed Improvement Value$1,018,828

Assessment Year2025

About this property

Stunning completely remodeled 1912 Montrose Craftsman w/guest quarters on 7,000’ corner lot. 3685’ home size reflects home & newly built guest quarters. Grand 37’ long front porch, elegant entry, soaring ceilings & original hardwoods w/inlay detail. Ideal for entertaining, living, dining, family room, kitchen, & elegant bar seamlessly flow together. Bar features wine fridge, ice maker, & 2 beverage cooling drawers. Chef’s kitchen includes custom cabinetry, Sub-Zero fridge, 48” Wolf range, & Venetian plaster hood vent. - Primary suite w/treehouse-like views, bonus room (study, nursery, or gym), built in coffee/wine bar, spa-style bathroom, & dressing room w/37 ft lighted hanging bars. Home w/fully updated electrical, HVAC, & plumbing systems. Multiple outdoor living spaces - backyard covered dining, summer kitchen, mosquito system, & irrigation for the gardens. Oversized newly built garage w/AC & epoxy floor. Incredible location—walk to 24+ restaurants. Showplace is move-in ready!

Investor Tools

$1,621,000

Estimated Property Value

$1,221,918Estimated Mortgage Balance

$399,082Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$10,740 /month

Positive

Cash Flow Estimate:

$3,580 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$3,206/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$30,365

$1,498,828

2025

$480,000

$1,018,828

$1,498,828

Tax History

Year

Tax Paid

Assessed Value

2024

$30,365

$1,498,828

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Chevron Fcu

Conventional

$1,228,000

First

Jan 30, 2026

Feb 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,221,918

$378,082

23%

75%

$6,495/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$6,495/mo

$-3,155/mo

2.5%

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