44Days on Market

1view

$150,000

623 Spell Street, Houston, TX, 77022

On Market

2 Beds

1 Bath

1,104 Sq Ft

Single Family Residence

$135.87 / sqft

Built in 1955

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Garage Available

Heating Central

AppliancesElectric Oven, Electric Cooktop

FlooringConcrete, Laminate, Vinyl

Exterior

Lot Size8,063 sqft

Building Information

Year Built1955

Stories1

Garage Spaces1

Land Information

APN0841240000049

Lot Number49

SubdivisionGlenburnie

Land UseResidential

Legal DescriptionLT 49 BLK 9 GLENBURNIE SEC 3

Census Tract530501

Assessed Land Value$118,950

Assessed Improvement Value$54,792

Assessment Year2025

About this property

ABSOLUTELY NO LOW OR INSULTING OFFERS! “GREAT OPPORTUNITY” for Investors wanting to Fix-and-Flip, or add to their Rental portfolio OR an individual who can buy, fix up, and make it their first home at an affordable price. And talk about LOCATION, listen to this: Less than 6.5 miles from downtown Houston. Less than a mile to Metro Park and Ride and Metro Light Rail that can take you to downtown Houston, the Zoo, Herman Park, Medical Center and NRG stadium. Not to mention Schools, Banks, Grocery stores, Walmart, Home Depot, Lowes. Seller is MOTIVATED. How motivated? Call now to find out. Schedule your showing today and imagine the possibilities!

Investor Tools

$0Estimated Mortgage Balance

$173,742Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,042 /month

Positive

Cash Flow Estimate:

$347 /month

Interested in this property?

Lisseth DeLeon

RE/MAX Universal

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$245/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,068

$173,742

2025

$118,950

$54,792

$173,742

Tax History

Year

Tax Paid

Assessed Value

2024

$2,068

$173,742

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$173,742

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

9.0%

Learn About the Market: Opportunity in Houston

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