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$337,000

NAL Estimated Property Value

615 Kipling Street 9, Houston, TX, 77006

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,360 Sq Ft
price_per_sqft$238.97 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringBamboo, Tile, Wood

Building Information

Year Built1967
Stories2
Garage Spaces1

Land Information

APN1141610020003
SubdivisionVillage T/H Condo
Land UseResidential
Legal DescriptionUNIT 9 BLDG B 1/12 INT COMMON LAND & ELE KIPLING VILLAGE T/H CONDO
Census Tract410704
Assessed Land Value$62,169
Assessed Improvement Value$265,035
Assessment Year2025

About this property

This meticulously renovated townhome (2019) is a rare find in the heart of Montrose's Audubon Place Historic District. Its floorplan and design pack a punch offering effective useable living space! The kitchen was renovated in 2019 with new cabinets, quartz, and SS appliances. The Dining Room and Living Room open up to large windows and a door to the patio garden allowing abundant natural light. The master bedroom and secondary bedroom boast vaulted ceilings with floor to ceiling windows! Hardwood floors throughout the home. Walking distance to amazing restaurants, coffee shops, parks, museums, art galleries, grocery stores, several specialty shops, and the library! Powder room was also renovated and in-unit Washer/Dryer recently added.

Investor Tools

Property Icon
$337,000
Estimated Property Value
$278,714Estimated Mortgage Balance
$58,286Estimated Equity
17% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,022 /month
Positive
Cash Flow Estimate:
$674 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
$341/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,618
$327,204
2025
$62,169
$265,035
$327,204
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,618
$327,204

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$308,750
No
First
Apr 20, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$278,714
$58,286
17%
83%
$1,852/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,193/mo
$-233/mo
7.0%

City: Houston

615 Kipling Street 9 | Property Details | No Agent List