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$712,572

NAL Estimated Property Value

506 Willard St, Houston, TX, 77006

Off MarketInfo
LeaseInfo
Beds2 Beds
Baths2 Bath
Baths1,552 Sq Ft
price_per_sqft$2.16 / sqft
Year BuiltBuilt in 1910

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Cooktop
FlooringWood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1910
Stories1
Garage Spaces2

Land Information

APN0090990000006
Lot Number6
SubdivisionCave E W
Land UseResidential
Legal DescriptionLT 6 BLK 3 CAVE E W
Census Tract410502
Assessed Land Value$500,000
Assessed Improvement Value$212,572
Assessment Year2025

About this property

This gem exemplifies everything you'd want in a Montrose bungalow. Updated kitchen features a large, beautiful island, stone countertops, gas cooktop and oven, oversized stainless steel farmer's sink, and plenty of cabinet storage. Gorgeous primary bath features dual shower heads (one of which being a rainfall shower), while secondary bath's tub and shower give it a vintage charm. Original hardwood floors are found throughout the home. A sunroom/study was added in 2018, which makes for a perfect flex space that could be used as an office, yoga/fitness studio, meditation space, or a third bedroom. If you love hanging outside, choose from either relaxing on the front porch, or on the spacious back patio. Located in a truly walkable neighborhood, walkable to Boheme, Barnaby's, Cuchara, and more. • There is a $350 utility fee that covers water, electric, gas, lawn care, and sewage/trash. • Tenant occupied. Prior day notice REQUIRED for all showings. No exceptions.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,465/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,022
$712,572
2025
$500,000
$212,572
$712,572
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,022
$712,572

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Axos Bank
Conventional
$467,259
No
First
Nov 12, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$417,651
$294,921
41%
59%
$2,802/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,802/mo
$-842/mo
3.3%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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506 Willard St | Property Details | No Agent List