NoAgentList RatingHow are grades calculated?

2view

Owner Contacts

$370,000

NAL Estimated Property Value

505 Alma Ln, Brenham, TX, 77833

Off Market

2 Beds

1 Bath

1,859 Sq Ft

Single Family Residence

$169.45 / sqft

Built in 1930

Property Lead Type:

Absentee OwnerVacant Homes

Highlights

Interior

Bedrooms 2

Bathrooms 1

AppliancesGas Range

FlooringLaminate, Tile

Exterior

Lot Size8,189 sqft

Building Information

Year Built1930

Land Information

APN6600-901-00720

Lot NumberN

SubdivisionWoodlawn Heights

Land UseResidential

Legal DescriptionWOODLAWN HEIGHTS , BLOCK A, LOT N PT 7, ACRES 0.188

Census Tract170100

Assessed Land Value$51,670

Assessed Improvement Value$318,330

Assessment Year2025

About this property

Adorable, Magazine Worthy, Meticulously Maintained 1930's 2/1 Bungalow & 1/1 Guest Cottage within Walking Distance to Downtown Brenham, located on one of Brenham's most Scenic Streets lined with Unique, Vintage Homes & Beautiful Sycamore Trees. Guest Cottage is currently a 5 Star listing on VRBO & comes FULLY FURNISHED with Gorgeous Antiques, Linens & Accessories found at Local Antique Stores. Fabulous Front Porch of Main Home welcomes you inside to +/-1259 sq ft of Character & Charm, with 12' Ceilings, Abundance of Windows throughout with views of Park-Like Backyard, Spacious Kitchen, Floor to Ceiling Shelves in Living area, Elegant Bathroom with Bead Board Walls & Antique Mirror. The +/-600 sq ft Guest Cottage sits away from main home, enclosed with 8 ft Privacy Fence, Garden area & driveway on Hosea St. Interior of cottage is Open Concept with Beautifully distressed Beamed & Bead Board ceiling. Cottage has separate utilities & power from main house. A Must See!

Investor Tools

$370,000

Estimated Property Value

$288,554Estimated Mortgage Balance

$81,446Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,220 /month

Positive

Cash Flow Estimate:

$740 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$667/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,156

$370,000

2025

$51,670

$318,330

$370,000

Tax History

Year

Tax Paid

Assessed Value

2025

$6,156

$370,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kind Lending Llc

Conventional

$296,000

First

Dec 9, 2024

Jan 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$288,554

$81,446

22%

78%

$1,775/mo

Learn About the Market: Opportunity in Texas

Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore This Area