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Owner Contacts

$533,000

NAL Estimated Property Value

505 Sabine St, Houston, TX, 77007

Off Market

3 Beds

4 Bath

2,554 Sq Ft

$214.96 / sqft

Built in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Gas Cooktop, Refrigerator, Dishwasher, Washer/Dryer

FlooringCarpet, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,529 sqft

Building Information

Year Built2002

Garage Spaces1

Land Information

APN1217700010002

Lot Number2

Land UseResidential

Legal DescriptionLT 2 BLK 1 SABINE EIGHTEEN HUNDRED MEMORIAL AT

Census Tract510201

Assessed Land Value$157,384

Assessed Improvement Value$361,806

Assessment Year2025

About this property

Beautiful Townhome with Million Dollar Views is Ideally Located Just Steps From The Sabine Street Footbridge, Parks, The Theater District & More! Fabulous features include beautiful flooring, neutral paint, elegant lighting & fans, arched doorways, art niches, thick baseboards, crown molding, custom built-ins & fantastic natural light. 1st floor offers a guest suite w/a walk-in closet, private bathroom & a glass patio door. The main floor is ideal for entertaining w/a sunny sitting area, a super spacious family room w/a gas fireplace, built-ins & spectacular views of the Houston skyline. Gorgeous kitchen w/granite countertops, stone backsplash, rich wood cabinetry, sleek SS appliances & a large pantry. Elegant dining room is ideal for entertaining. A grand 3rd floor owner's suite offers breathtaking views, a sitting area, 2 walk-in closets & spa-like ensuite bath. Guest suite also offers a large walk-in closet & ensuite bathroom. Walk to parks, restaurants, music venues & more.

Investor Tools

$533,000

Estimated Property Value

$0Estimated Mortgage Balance

$533,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,294 /month

Positive

Cash Flow Estimate:

$1,098 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,099/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,517

$519,190

2025

$157,384

$361,806

$519,190

Tax History

Year

Tax Paid

Assessed Value

2024

$10,517

$519,190

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$568,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,580/mo

N/A

+$2,580/mo

5.8%

Learn About the Market: Opportunity in Houston

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