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$691,889

NAL Estimated Property Value

507 W Main St, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,578 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$392.9 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator, Washer
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,079 sqft

Building Information

Year Built1940
Stories1
Garage Spaces5

Land Information

APN0082730000005
SubdivisionBute
Land UseResidential
Legal DescriptionTR 5 BLK 23 BUTE
Census Tract410706
Assessed Land Value$483,040
Assessed Improvement Value$208,849
Assessment Year2025

About this property

Alluring & Eclectic describes this"artist owned" home in the heart of the Historical district w/downtown & medical center views! Front gate & driveway gate leads to this welcoming, warm Stucco home. As you enter the front door, you will see the spacious outdoor patio w/its artist designed front bench. One large family room adjoins the sunroom w/built-in bench on two walls w/specialty "Africian silkwood". Front fireplace & the wall for TV,entertainment adds to the modern day lifestyle.The front bedroom has its en-suite shower bath. Since the mid 1990's,remodeling of the kitchen & bathrooms,along w/the dining room addition & outdoor studio can be a guest suite w/some modifications. The primary bedroom overlooks the deck & pool. The primary bathroom features the "Africian silk" vanity & makeup areas,jacuzzi tub w/glass door. The sun filled, soothing pool,outdoor spa & its cabana make this a good entertaining home! The attached 4-car garage is perfect for the car enthusiast.

Investor Tools

Property Icon
$691,889
Estimated Property Value
$884,646Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,151 /month
Positive
Cash Flow Estimate:
$1,384 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$808/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,241
$691,889
2025
$483,040
$208,849
$691,889
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,241
$691,889

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Loan Star Inc
Conventional
$597,000
No
First
Mar 4, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$884,646
N/A
0%
128%
$5,618/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$5,618/mo
$-3,658/mo
3.4%

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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507 W Main St | Property Details | No Agent List