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$240,000

NAL Estimated Property Value

505 Marleen St, Houston, TX, 77034

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,832 Sq Ft
price_per_sqft$130.92 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Microwave, Dishwasher

Exterior

Lot Size7,545 sqft

Building Information

Year Built1955
Stories1
Garage Spaces1

Land Information

APN0832900000010
Lot Number10
SubdivisionFreeway Manor
Land UseResidential
Legal DescriptionLT 10 BLK 47 FREEWAY MANOR SEC 5
Census Tract320902
Assessed Land Value$66,162
Assessed Improvement Value$140,981
Assessment Year2025

About this property

BACK ON MARKET Financing Fell Through Full Brick - Charming Home with separate back 1 Bedroom 1 Bath apartment for mother-in-law, teenager or would make a great office for work from home families. This 3 bedroom 2 full bath house has 2 very large living rooms for big family! Kitchen living room w/open bar concept ***MANY UPGRADES*** 3 FULLY REMODELED RESTROOMS***NEW CABINETS WITH NEW QUARTZ COUNTERTOPS***NEW TILE BACKSPLASH***OPEN BAR***NEW STAINLESS GAS STOVE, DISHWASHER AND MICROWAVE ***NEW VINYL FLOORING in all living areas*** NEW CARPET in bedrooms***NEW ROOF***NEW A/C COMPLETE SYSTEM W/ NEW DUCTS***NEW WATER HEATER***ALL NEW LIGHT FIXTURES*** NEW FRONT WINDOWS***NEW GUTTERS***NEW DRIVEWAY***NEW ELECTRIC BOX***NEW PEX PIPING***COME CHECK THIS ONE OUT

Investor Tools

Property Icon
$240,000
Estimated Property Value
$228,053Estimated Mortgage Balance
$11,947Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,440 /month
Positive
Cash Flow Estimate:
$480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,554
$207,143
2025
$66,162
$140,981
$207,143
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,554
$207,143

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Fha
$230,743
Yes
First
Sep 10, 2025
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,053
$2,947
1%
95%
$1,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,384/mo
+$338/mo
8.6%

City: Houston

505 Marleen St | Property Details | No Agent List