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$399,000

648 Lester St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,810 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$234.81 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Oven
FlooringCarpet, Concrete, Tile, Wood

Exterior

Exterior FeaturesBalcony, Storage
Lot Size1,359 sqft

Building Information

Year Built2000
Garage Spaces1

Land Information

APN1199290010036
Land UseResidential
Legal DescriptionTR 11B BLK 1 TIN ALLEY
Census Tract510801
Assessed Land Value$188,355
Assessed Improvement Value$181,762
Assessment Year2025

About this property

Welcome to 648 Lester Street, a stunning three-story home nestled in the vibrant and sought-after Rice Military neighborhood. This beautifully designed residence offers 3 spacious bedrooms, 2 luxurious baths, home office, a private balcony and an open-concept layout perfect for modern living and entertaining. Enjoy soaring ceilings, rich hardwood floors, and abundant natural light throughout. The gourmet kitchen features sleek granite countertops and stainless steel appliances that flows into the living area. Retreat to the oversized primary suite with a spa-like ensuite bath and a custom walk-in closet. Energy features: Low energy windows, tankless gas water heater and a water softner system. Located just minutes from Memorial Park, Buffalo Bayou trails, Downtown, and Washington Avenue dining and nightlife, this home offers the perfect blend of city convenience and residential tranquility. Don’t miss this exceptional opportunity to live in one of Houston’s most dynamic communities.

Investor Tools

Property Icon
$399,000
Estimated Property Value
$334,500Estimated Mortgage Balance
$79,148Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$624/month
$1,750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,487
$370,117
2025
$188,355
$181,762
$370,117
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,487
$370,117

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Atlantic Union Bank
Va
$334,500
Yes
First
Dec 20, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$319,852
$90,148
21%
80%
$2,006/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,756/mo
$-1,796/mo
5.9%

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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648 Lester St | Property Details | No Agent List