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$599,000

NAL Estimated Property Value

514 W Main St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,280 Sq Ft
price_per_sqft$175 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating

Exterior

Lot Size7,253 sqft

Building Information

Year Built1945
Stories2
Garage Spaces2

Land Information

APN0230590000003
SubdivisionLockhart Connor & Barziza
Land UseResidential
Legal DescriptionTRS 3 4B 5B & 12 BLK 3 LOCKHART CONNOR & BARZIZA
Census Tract410706
Assessed Land Value$490,000
Assessed Improvement Value$109,000
Assessment Year2025

About this property

OFFER ACCEPTED- WAITING ON FINAL SIGNATURES. RENOVATOR’S SPECIAL! A great deal - and a great project for experienced remodelers. Once a lovely Montrose home, it can be fantastic again in a whole new way. Spacious rooms and lots of space to create a dream home for today’s lifestyle. Two stories plus an attic conversion room. Located in a strong Historic District — it cannot be torn down. Note: HCAD say it was built in 1940s but appears to be pre-1920 per a local expert. Large 7,250 sq ft lot offers lots of options. Utilities are off — bring a flashlight!

Investor Tools

Property Icon
$599,000
Estimated Property Value
$850,098Estimated Mortgage Balance
$599,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$454/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,455
$599,000
2025
$490,000
$109,000
$599,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,455
$599,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quick Lending Llc
Commercial
$855,050
No
First
Jan 23, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$850,098
N/A
0%
142%
$5,127/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,127/mo
$-2,547/mo
5.2%

City: Houston

514 W Main St | Property Details | No Agent List