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Owner Contacts

$179,634

NAL Estimated Property Value

505 Westcott St Apt 308, Houston, TX, 77007

Sold

8/06/26

2 Beds

2 Bath

948 Sq Ft

Condos / Townhouses

$4.22 / sqft

Built in 1964

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Microwave, Electric Cooktop, Electric Range, Dryer, Washer, Dishwasher

Exterior

Exterior FeaturesTrash Chute, Trash Pick Up

Building Information

Year Built1964

Stories1

Land Information

APN0986620000308

SubdivisionWescott Terrace

Land UseResidential

Legal DescriptionUNIT 308 .029411 INT COMMON LAND & ELE WESCOTT TERRACE

Census Tract510802

Assessed Land Value$34,130

Assessed Improvement Value$145,504

Assessment Year2025

About this property

Located in Houston’s highly desirable Washington Ave / Memorial Park corridor, this fully furnished residence offers the perfect blend of urban convenience and outdoor lifestyle. Just minutes from Memorial Park trails, Golf Course &Tennis center, with quick access to Downtown, the Texas Medical Center, Galleria, Rice University, and the Museum District (15–25 minutes). Completely move-in ready and ideal for business or extended stay guests. The home is fully equipped with kitchen gadgets, cookware, utensils, and everyday household essentials including cleaning supplies and linens. Features include customized surround sound home theater system, X-Box gaming system, ultra high-speed internet, dedicated workspace with USB ports, bedroom charging stations, and all utilities included. Walkable neighborhood close to dining, coffee shops, nightlife, and Buffalo Bayou Park. Bring your bike, golf clubs, tennis racket, and running shoes to enjoy Memorial Park’s world-class recreation.

Investor Tools

$179,634

Estimated Property Value

$0Estimated Mortgage Balance

$179,634Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,078 /month

Positive

Cash Flow Estimate:

$359 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$401/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,919

$179,634

2025

$34,130

$145,504

$179,634

Tax History

Year

Tax Paid

Assessed Value

2024

$3,919

$179,634

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$366,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

N/A

+$1,960/mo

13.1%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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