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$645,000

NAL Estimated Property Value

505 W Alabama Street B, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,046 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$175.64 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringBamboo, Concrete, Tile

Exterior

Exterior FeaturesBalcony
Lot Size2,644 sqft

Building Information

Year Built2005
Garage Spaces1

Land Information

APN1260940010002
Lot Number2
SubdivisionFive Hundred Five
Land UseResidential
Legal DescriptionLT 2 BLK 1 FIVE HUNDRED FIVE
Census Tract410706
Assessed Land Value$207,300
Assessed Improvement Value$430,572
Assessment Year2025

About this property

THE 505, an amazing 3 bed/3.5 bath/ 2 car attached garage modern/urban townhome featured on Planet Green’s World’s Greenest Homes which highlighted the innovative construction methods used to infuse natural light throughout the entire unit while maintaining privacy *The ground floor features a spacious den with large windows, a bedroom & full bath *2nd level features large living area open to modern kitchen/dining, wet bar with mini fridge & wine cooler, 1/2 bath, & Sliding doors open to terrace. *Level 3 boasts a large 22' X 10' rooftop terrace, great for entertaining! *Primary suite on level 3 features a private terrace with great views of downtown, a large walk in closet & study/exercise room *Primary bath features double vanity, separate shower & jacuzzi tub *Secondary bedroom on level 3 features private full bath. *Washer, dryer, refrigerator included. *Lots of storage space & 2 add’l. parking spaces in front. *Minutes away from med center, downtown, museum district, & more!

Investor Tools

Property Icon
$645,000
Estimated Property Value
$0Estimated Mortgage Balance
$645,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,870 /month
Positive
Cash Flow Estimate:
$1,290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,127/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,294
$637,872
2025
$207,300
$430,572
$637,872
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,294
$637,872

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$645,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
N/A
+$2,580/mo
4.8%

City: Houston

505 W Alabama Street B | Property Details | No Agent List