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$940,000

NAL Estimated Property Value

720 Bomar St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,594 Sq Ft
price_per_sqft$339.24 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size6,499 sqft

Building Information

Year Built1920
Garage Spaces2

Land Information

APN0442100000045
Land UseResidential
Legal DescriptionTR 14B ABST 696 O SMITH
Census Tract410501
Assessed Land Value$575,000
Assessed Improvement Value$365,000
Assessment Year2025

About this property

Originally a classic, brick Craftsman, this home was taken down to the studs and completely remodeled in 2012. While carefully maintaining the charm and feel of the 1920s exterior, the interior was modernized to give the home all the conveniences of today's homes. As you walk through the door from the inviting front porch, you are greeted with the same open living spaces you would find in new construction. The open floor plan lends itself to grand entertaining, yet the living areas feel cozy complete with wood burning fireplace. There are dining and living areas, in addition to the fabulous kitchen and family room, plus an extra room that the owners use as a play room. Located in the heart of Montrose, this corner lot enjoys an impressive, fully fenced yard and sits next to a very small neighborhood park. Upstairs you will find 3 bedrooms, 2 baths. Just off the Primary bedroom there is a study and even a balcony overlooking the park.

Investor Tools

Property Icon
$940,000
Estimated Property Value
$5,206,445Estimated Mortgage Balance
$940,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,640 /month
Positive
Cash Flow Estimate:
$1,880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,628/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,841
$940,000
2025
$575,000
$365,000
$940,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,841
$940,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$6,000,000
No
First
Dec 17, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$5,206,445
N/A
0%
554%
$23,304/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$23,304/mo
$-20,724/mo
3.3%

City: Houston

720 Bomar St | Property Details | No Agent List