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$550,000

5531 Venice St, Houston, TX, 77007

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,292 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.97 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Gas Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer, Water Purifier, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,899 sqft

Building Information

Year Built2011
Garage Spaces2

Land Information

APN1327340010008
Lot Number8
SubdivisionAsbury Manor
Land UseResidential
Legal DescriptionLT 8 BLK 1 ASBURY MANOR
Census Tract510801
Assessed Land Value$223,702
Assessed Improvement Value$424,127
Assessment Year2025

About this property

Step into a lifestyle where convenience, recreation, & style come together in this beautifully appointed three-story David Weekley home tucked inside a desirable gated community just moments from Memorial Park. Hardwood, tile, & carpet flooring, an inviting layout, & natural light create a home designed for today's lifestyle. The first floor features a private bedroom & full bath, perfect for guests, a home office, or multigenerational living. Upstairs, the open-concept living, dining, & chef-inspired kitchen showcase granite & marble countertops, stainless steel appliances, & effortless flow for entertaining. The living room opens to a private balcony, while the flex room overlooks the covered front porch below. The third floor offers a spacious primary suite, an additional bedroom, full bath, & laundry room. New HVAC (2023), water heater (2024), & roof (2024) provide added peace of mind. Walk to Memorial Park, bike to Buffalo Bayou, & enjoy nearby golf, tennis, shopping, & dining.

Investor Tools

$328,290Estimated Mortgage Balance
$319,539Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,887 /month
Positive
Cash Flow Estimate:
$1,296 /month

Interested in this property?

Stacy Walton

Blair Realty Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,066/month
$2,365/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,553
$647,829
2025
$223,702
$424,127
$647,829
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,553
$647,829

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$359,500
No
First
Dec 20, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,290
$319,539
49%
51%
$2,156/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,521/mo
$-1,941/mo
4.8%

City: Houston