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$800,000

NAL Estimated Property Value

508 Peden St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$273.21 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Electric Oven, Oven, Trash Compactor, Microwave, Gas Cooktop, Gas Range, Dishwasher, Instant Hot Water, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size2,500 sqft

Building Information

Year Built2019
Garage Spaces1

Land Information

APN1408760010002
Lot Number2
Land UseResidential
Legal DescriptionLT 2 BLK 1 PEDEN STREET GREEN
Census Tract410202
Assessed Land Value$225,000
Assessed Improvement Value$426,870
Assessment Year2025

About this property

Stunning three bedroom, two & 1/2 bath, two story, like-new farmhouse-style home in Montrose with high-end finishes. Neutral palette, high ceilings, upgraded lighting, open concept kitchen, dining, and family room, and large windows for natural light. The spacious kitchen boasts quartz countertops, large island, Fisher Paykel stainless steel appliances, and ample cabinetry for storage with a walk-in pantry! Breathtaking primary bedroom with two large walk-in closets and serene ensuite. The primary bathroom features marble tile and countertops, double sinks, free standing tub and shower. Two additional bedrooms and flex space complete this elegant home. Entryway on the side with a small backyard manicured with turf and landscaping. Driveway anchored with self-irrigating garden space. Short driving distance to downtown, TMC & Galleria. Walk to well desired schools, walking distance to Buffalo Bayou Park, retail & restaurants. Luxury, location and price make this house your future home!

Investor Tools

Property Icon
$800,000
Estimated Property Value
$587,442Estimated Mortgage Balance
$212,558Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,094/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,133
$651,870
2025
$225,000
$426,870
$651,870
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,133
$651,870

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bancorpsouth Bank
Conventional
$656,463
No
First
Aug 13, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$587,442
$196,558
25%
73%
$2,765/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,765/mo
$-185/mo
3.9%

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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508 Peden St | Property Details | No Agent List