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$1,741,000

NAL Estimated Property Value

723 E 7th Street, Houston, TX, 77007

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,541 Sq Ft
price_per_sqft$522.42 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Wine Refrigerator, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size6,251 sqft

Building Information

Year Built2014
Stories1
Garage Spaces3

Land Information

APN0350280530019
Lot Number19
SubdivisionStude
Land UseResidential
Legal DescriptionLT 19 BLK 53 STUDES SEC 2
Census Tract510400
Assessed Land Value$562,500
Assessed Improvement Value$980,678
Assessment Year2025

About this property

Tucked on one of the few non-cut-through streets in the entire Heights (complete with curbs, sidewalks, and newly constructed neighbors), this Modern Bungalow built craftsman residence embodies the ideal Heights experience! The fully fenced front yard gives way to an oversized, covered front porch while the first floor boasts a flexible bed/office, full bath, oversized dining, butler’s & walk-in pantries, and an open-concept living, breakfast, and island kitchen with Wolf range! Out back you’ll find a huge covered patio and a fully turfed, 33x50 yard with tons of privacy! Up the stairs are 3 spacious guest rooms, 2 well-appointed guest baths, central game room, and a utility room with window & sink! The master suite is a generous 600sf and enjoys tray ceilings, double vanities, clawfoot tub, marble-lined walk-in shower, water closet, and a huge walk-in closet! The entire home features plantation shutters, crown moulding, hardwoods, tankless water heating, and 2 high-efficiency ACs!

Investor Tools

Property Icon
$1,741,000
Estimated Property Value
$6,938,517Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,099 /month
Positive
Cash Flow Estimate:
$3,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,693/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,612
$1,543,178
2025
$562,500
$980,678
$1,543,178
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,612
$1,543,178

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Unknown
$7,500,000
No
First
Jun 17, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,938,517
N/A
0%
399%
$44,967/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$44,967/mo
$-41,627/mo
2.3%

Learn About the Market: Opportunity in Houston

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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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