NoAgentList RatingHow are grades calculated?

1Days on Market

4view

$1,325,000

516 Columbia St, Houston, TX, 77007

On Market

Just Added

4 Beds

3 Bath

3,392 Sq Ft

Single Family Residence

$390.63 / sqft

Built in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Refrigerator Included, Wine Refrigerator, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Wood

Exterior

Exterior FeaturesBack Green Space, Side Yard, Sprinkler System

Lot Size6,599 sqft

Building Information

Year Built1920

Stories1

Garage Spaces2

Land Information

APN0210180000015

Lot Number15

SubdivisionHouston Heights

Land UseResidential

Legal DescriptionLT 15 BLK 286 HOUSTON HEIGHTS

Census Tract510400

Assessed Land Value$660,000

Assessed Improvement Value$713,264

Assessment Year2025

About this property

Picture perfect 1920's Historic bungalow extensively updated ("taken to the studs" '16-17), located in the heart of desirable Heights. Full of charm & character but filled w/modern amenities: Updated PVC sewer lines, updated interior plumbing lines & electrical, water softener, water filter system, recent foundation repair, mosquito system, EV charger. Expansive light & bright living rm w/soaring ceiling, offers space for sitting & dining areas. Family room + formal study! Wallpapered powder room. Dreamy chefs's kitchen w/ Bertazzoni range & cozy breakfast nook w/built-in seat. Mud area. 1st fl primary w/large closet, bath w/ separate shower & tub. Upstairs en suite guest bed, plus 2 add'l guest beds w/shared bath. Wonderful outdoor space w/huge turfed yard for play & patio for outdoor dining complete w/a pizza oven! Expansive fenced front yard. Enjoy walkability to local shops, dining, parks, hike&bike trail, w/the added benefit of being zoned to sought after Harvard Elementary.

Investor Tools

$628,255Estimated Mortgage Balance

$745,009Estimated Equity

54% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,240 /month

Positive

Cash Flow Estimate:

$2,747 /month

Interested in this property?

Rachel Conkling

Compass RE Texas, LLC - Houston

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,267/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$20,333

$1,373,264

2025

$660,000

$713,264

$1,373,264

Tax History

Year

Tax Paid

Assessed Value

2024

$20,333

$1,373,264

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$713,000

First

Jul 28, 2020

Sep 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$628,255

$745,009

54%

46%

$4,275/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$4,275/mo

$-935/mo

2.9%

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