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$1,164,400

NAL Estimated Property Value

5511 Grand Lake St, Houston, TX, 77081

$1,336,987 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,452 Sq Ft
price_per_sqft$269.54 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Lot Size8,799 sqft

Building Information

Year Built2005
Stories1
Garage Spaces3

Land Information

APN0761330050001
Lot Number1
SubdivisionRichmond Plaza
Land UseResidential
Legal DescriptionLT 1 BLK 5 RICHMOND PLAZA
Census Tract421602
Assessed Land Value$361,900
Assessed Improvement Value$802,500
Assessment Year2025

About this property

Welcome to 5511 Grand Lake St, a timeless residence exuding elegance & sophistication. This 4 bdrm, 4.5 bath home, offers an unparalleled living experience! ZONED TO BELLAIRE SCHOOLS (Condit Elem/Bellaire High School). Upon entering, there is grand foyer with soaring ceilings and an abundance of natural light. The main level features a spacious living area, adorned with a fireplace, perfect for entertaining. The adj kitchen is equipped with top-of-the-line appliances, granite countertops, and ample storage space. The primary bedroom suite features a luxurious en-suite bathroom with dual vanities, a soaking tub, and a separate shower. Each add'l bedroom is generously sized, providing comfort and privacy for family and guests. Don't miss the enormous gameroom! Step outside to the beautiful pool and lush landscaping.The 4 car garage offers ample space for vehicles/storage. Notable updates include a 50-year GAF Roof (2017), fence (2023), and updated HVAC systems (2017). Never Flooded!

Investor Tools

Property Icon
$1,164,400
Estimated Property Value
$937,862Estimated Mortgage Balance
$226,538Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,336,986
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,200 /month
Positive
Cash Flow Estimate:
$2,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,605/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,434
$1,164,400
2025
$361,900
$802,500
$1,164,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,434
$1,164,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$974,400
No
First
Apr 4, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$937,862
$226,538
19%
81%
$5,843/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$5,843/mo
$-3,617/mo
2.3%

Learn About the Market: Opportunity in Houston

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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.

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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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5511 Grand Lake St | Property Details | No Agent List