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$2,404,000

NAL Estimated Property Value

6615 Mercer St, West University Place, TX, 77005

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,915 Sq Ft
price_per_sqft$472.54 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Instant Hot Water, Refrigerator
FlooringStone, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built2003
Stories2
Garage Spaces2

Land Information

APN0393280000018
SubdivisionWest University Place
Land UseResidential
Legal DescriptionTR 8B BLK 37 WEST UNIVERSITY PLACE SEC 1
Census Tract412400
Assessed Land Value$1,087,500
Assessed Improvement Value$1,091,871
Assessment Year2025

About this property

Gorgeous, updated and custom-built home!  This West U home sits pretty on a 7500 sq. ft. lot.  Designed by noted architect, Kurt Aichler, and built by Chester Labus. This home boasts beautiful details, including 12 ft. ceilings, arched French doors to side patio, two additional outdoor areas, elevator and more.  Large windows throughout bring in lots of natural light.  Current owners installed hardwood floors throughout home and an oversized mudroom.  Recent kitchen remodel includes quartzite counters and backsplash, Thermador appliances, stainless kitchen and bar sinks, filtered water with hot/cold dispenser.  Other updates include turfed yard with putting green, new landscaping, HVAC, tankless water heater, dehumidifier and much more.  Don’t miss this European inspired jewel of a home!

Investor Tools

Property Icon
$2,404,000
Estimated Property Value
$1,330,004Estimated Mortgage Balance
$1,073,996Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,424 /month
Positive
Cash Flow Estimate:
$4,808 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$28,297
$2,179,371
2025
$1,087,500
$1,091,871
$2,179,371
No

Tax History

Year
Tax Paid
Assessed Value
2024
$28,297
$2,179,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$1,464,800
No
First
Jul 9, 2021
Aug 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,330,004
$1,099,996
45%
55%
$8,783/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$8,783/mo
$-5,443/mo
1.7%

City: West University Place

6615 Mercer St | Property Details | No Agent List