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$2,099,900

715 Merrill Street, Houston, TX, 77009

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths4,003 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$524.58 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Refrigerator Included, Wine Refrigerator, Double Oven, Microwave, Gas Range, Dishwasher
FlooringEngineered Wood, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size6,251 sqft

Building Information

Year Built1920
Garage Spaces3

Land Information

APN0373160110011
Lot Number11
SubdivisionWoodland Heights Annex
Land UseResidential
Legal DescriptionLT 11 BLK 11 WOODLAND HEIGHTS ANNEX
Census Tract510302
Assessed Land Value$625,000
Assessed Improvement Value$97,600
Assessment Year2025

About this property

This stunning residence from Heights luxury home builder TOMO Homes offers everything you could want in a Woodland Heights new build and more! Outside and in, you will find a contemporary farmhouse design with organic modern fixtures and finishes to highlight the open concept layout. The downstairs offers a gorgeous island kitchen complete with Thermador appliances (including wine tower) and a fully equipped scullery, open concept living with fireplace and built-in bookshelves, a separate wet bar / wine room, informal dining overlooking the backyard, an enormous covered patio, a gorgeous full bath, and a guest room / office overlooking the front lawn. Upstairs you'll find a spacious central game room, beautifully finished utility room, and 4-spacious ensuite bedrooms including an incredible 775 square foot master suite complete with dual vanities and a makeup vanity, private water closet, walk-in wet room shower with soaker tub, and an incredible 19x12 closet with packing island!

Investor Tools

$1,127,357Estimated Mortgage Balance
$951,643Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,599 /month
Positive
Cash Flow Estimate:
$4,200 /month

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Oliver Carter

Connected Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,970/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,240
$722,600
2025
$625,000
$97,600
$722,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,240
$722,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ifp Fund I Llc
Commercial
$1,142,369
No
First
Aug 29, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,127,357
$951,643
45%
54%
$6,850/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$6,850/mo
$-5,543/mo
0.8%

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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715 Merrill Street | Property Details | No Agent List