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$189,000

NAL Estimated Property Value

615 Kipling Street 7, Houston, TX, 77006

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths697 Sq Ft
price_per_sqft$258.11 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1967
Stories1

Land Information

APN1141610020001
SubdivisionVillage T/H Condo
Land UseResidential
Legal DescriptionUNIT 7 BLDG B 1/12 INT COMMON LAND & ELE KIPLING VILLAGE T/H CONDO
Census Tract410704
Assessed Land Value$33,538
Assessed Improvement Value$142,977
Assessment Year2025

About this property

Mid-Century masterpiece in the Heart of Montrose! Historic tree lined streets of Audubon Place hold the intimate complex w/ a personal oasis. Beautiful solid Koa wood floors, granite countertops, stainless appliances & state of the art soft close cabinetry. Massive cathedral walls of windows illuminate the vaulted ceilings with additional attic space. Off street parking with washer and dryer on property. Lends itself well to a home office or studio in layout w/ incredibly low condo dues. Designed by a Rice University architect in the late 60’s. These units rarely come up for sale. Incredibly walkable and close to everything including the Med center, universities, & major freeways.

Investor Tools

Property Icon
$189,000
Estimated Property Value
$141,601Estimated Mortgage Balance
$47,399Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,134 /month
Positive
Cash Flow Estimate:
$378 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
$164/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,693
$176,515
2025
$33,538
$142,977
$176,515
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,693
$176,515

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rock Mortgage Services Lp
Conventional
$143,920
No
First
Jun 4, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$141,601
$47,399
25%
75%
$863/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,027/mo
+$613/mo
10.4%

City: Houston

615 Kipling Street 7 | Property Details | No Agent List