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Owner Contacts

$1,388,575

NAL Estimated Property Value

532 Redan St, Houston, TX, 77009

Off Market

6 Beds

5 Bath

3,748 Sq Ft

Single Family Residence

$333.51 / sqft

Built in 2006

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 6

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Washer

FlooringCarpet, Concrete, Wood

Exterior

Private Pool

Exterior FeaturesBalcony

Lot Size6,499 sqft

Building Information

Year Built2005

Garage Spaces1

Land Information

APN1261650010002

Lot Number1,2

Land UseResidential

Legal DescriptionLTS 1 & 2 BLK 1 REDAN HEIGHTS

Census Tract510302

Assessed Land Value$650,000

Assessed Improvement Value$738,575

Assessment Year2025

About this property

LIVE, WORK, & PLAY! Be apart of the vibrant energy and charm of the Woodland Heights in a one-of-a-kind home that truly allows you to LIVE, WORK, and PLAY in a beautiful community with an urban flavor, growing families & great schools. The cottage portion of the home was added in 2009 to accommodate a psychologist’s office & studio, and the prime location (close to downtown, easy access to I-45 & N Main) makes it ideal for a business. The original structure includes open living spaces with verandas on the 2nd & 3rd floors, 3rd floor primary suite, 2nd floor bedroom with en suite & 2 1st floor bedrooms with Jack & Jill bath. The cottage provides 2 more bedrooms or 1 bedroom and a living space with kitchen sink, a full bath, and washer & dryer hookups. Enjoy your own outdoor paradise out back with a generous yard and heated pool/spa. Only 1 block from Travis Elementary. So many great eateries and trails nearby. Need 2 hours notice for appointment.

Investor Tools

$1,388,575

Estimated Property Value

$847,207Estimated Mortgage Balance

$541,368Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,331 /month

Positive

Cash Flow Estimate:

$2,777 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,433/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$22,250

$1,388,575

2025

$650,000

$738,575

$1,388,575

Tax History

Year

Tax Paid

Assessed Value

2024

$22,250

$1,388,575

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$953,600

First

Aug 27, 2020

Sep 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$847,207

$835,793

49%

61%

$5,718/mo

Learn About the Market: Opportunity in Houston

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