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$1,299,000

NAL Estimated Property Value

550 Redan St, Houston, TX, 77009

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,648 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$472.05 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Wine Refrigerator, Gas Oven, Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringMarble, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size5,001 sqft

Building Information

Year Built1935
Stories1
Garage Spaces2

Land Information

APN0580050010006
Lot Number6
SubdivisionHermosa Court
Land UseResidential
Legal DescriptionLT 6 BLK 1 HERMOSA COURT
Census Tract510302
Assessed Land Value$500,000
Assessed Improvement Value$614,051
Assessment Year2025

About this property

Welcome to this stunning home nestled in one of Houston's most desirable historic neighborhoods!This meticulously renovated home has been taken down to the studs, expanded & transformed into a stylish, modern retreat.With timeless charm & contemporary design,every inch of this home has been reimagined for today’s lifestyle,while preserving the unique character of its historic surroundings.Den has bi-fold retractable patio doors leading to covered back porch,offering views of the pool,surrounded by meticulous hardscaping & landscaping.Open Concept Kitchen flows to den & dining area, perfect for entertaining family & friends.Kitchen boasts stainless steel high end appliances, generous eat-in island with quartz countertops, site-built cabinetry & butler pantry. One secondary bed/bath downstairs,all others up.Stunning 2nd flr Primary Retreat with large walk-in closet & marble-clad en-suite. Close in proximity to all the best shopping & dining! See attached feature sheet for more details!

Investor Tools

Property Icon
$1,299,000
Estimated Property Value
$1,020,126Estimated Mortgage Balance
$278,874Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,866/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,899
$1,114,051
2025
$500,000
$614,051
$1,114,051
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,899
$1,114,051

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$1,040,000
No
First
Apr 21, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,020,126
$306,874
23%
79%
$6,236/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$6,236/mo
$-4,010/mo
2.1%

City: Houston

550 Redan St | Property Details | No Agent List