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$475,000

NAL Estimated Property Value

5534 Spellman Rd, Houston, TX, 77096

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths2,182 Sq Ft
price_per_sqft$1.12 / sqft
Year BuiltBuilt in 1957

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dryer, Refrigerator, Washer, Dishwasher
FlooringTerrazzo, Tile, Wood, Vinyl

Exterior

Lot Size10,206 sqft

Building Information

Year Built1957
Stories1
Garage Spaces2

Land Information

APN0881020080018
Lot Number18
SubdivisionWestbury
Land UseResidential
Legal DescriptionLT 18 BLK 189 WESTBURY SEC 5 R/P
Census Tract422000
Assessed Land Value$230,472
Assessed Improvement Value$103,125
Assessment Year2025

About this property

Amazing schools! Phenomenal neighbors! For the first time ever, this beloved home is available for lease! Nestled on a prime, tree-lined interior street, this gem is move-in ready and brings mod vintage to a whole new level. Lovingly maintained by the same family for over 50 years, this home has never flooded and is not in a flood zone—so you can stress less and enjoy more. The layout is a dream with multiple living spaces, a spacious den for entertaining, and a kitchen with endless storage + adjacent breakfast nook. The oversized primary suite has dual closets and a private bath, while the secondary bedrooms rock their original hardwoods. The huge screened-in patio is basically an outdoor living room, overlooking a lush backyard with treehouse, wildflowers + butterfly garden zen. Fridge, W/D included. Gated driveway + detached garage. Blocks to park and Parker Elem, minutes to Med Center, Meyerland Plaza, HEB, and the brand new Shannon Walker Library! This one’s a must-see.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$209/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$136
$333,597
2025
$230,472
$103,125
$333,597
No

Tax History

Year
Tax Paid
Assessed Value
2024
$136
$333,597

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$303,210
No
First
Sep 17, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,191
$197,809
40%
62%
$1,818/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,818/mo
$-96/mo
4.4%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
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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5534 Spellman Rd | Property Details | No Agent List