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Owner Contacts

$814,000

NAL Estimated Property Value

615 Woodland St, Houston, TX, 77009

Off Market

2 Beds

1 Bath

1,454 Sq Ft

Single Family Residence

$447.04 / sqft

Built in 1920

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Refrigerator

FlooringWood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1920

Stories1

Garage Spaces2

Land Information

APN0372930000012

SubdivisionWoodland Heights

Land UseResidential

Legal DescriptionTRS 12 & 13A BLK 28 WOODLAND HEIGHTS

Census Tract510302

Assessed Land Value$500,000

Assessed Improvement Value$204,637

Assessment Year2025

About this property

Live in the Heights! A quintessential Heights bungalow on tree-lined Woodland Street. The Garage apartment has a full bath and laundry room. Original lead glass windows and original wood floors maintain the charm in this 1920’s, professionally interior designed beauty. Barn doors, built-ins and a bright, neutral palette update this bungalow to 21st century chic. Recent appliance updates. An open kitchen/ living room allows for warm gatherings, while the living room and dining room are available for hosting intimate dinners. Continue the entertainment trend out in the professionally landscaped backyard, or the enclosed wrap around porch ideal for year-round enjoyment. Additional benefits include a second large utility room suitable to convert to another bathroom, a carport that runs the length of the house to the garage. Walk and bike to favorite Heights cafes and restaurants on 11th Street, Heights Mercantile, 19th Street, and the bayou.

Investor Tools

$814,000

Estimated Property Value

$546,067Estimated Mortgage Balance

$267,933Estimated Equity

33% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,884 /month

Positive

Cash Flow Estimate:

$1,628 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,210/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,454

$704,637

2025

$500,000

$204,637

$704,637

Tax History

Year

Tax Paid

Assessed Value

2024

$10,454

$704,637

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Southtrust Bank Na

Commercial

$95,700

First

Mar 3, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$546,067

$270,933

33%

67%

$3,635/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$3,635/mo

$-2,328/mo

1.9%

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