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$502,000

NAL Estimated Property Value

724 Nicholson St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,979 Sq Ft
price_per_sqft$214.75 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,673 sqft

Building Information

Year Built2012
Garage Spaces2

Land Information

APN1335620010006
Lot Number6
SubdivisionNicholson Place
Land UseResidential
Legal DescriptionLT 6 BLK 1 NICHOLSON PLACE
Census Tract510500
Assessed Land Value$167,200
Assessed Improvement Value$297,590
Assessment Year2025

About this property

Beautiful Single Family home in sought after Nicholson Place in the Heights. Great open floor plan with plenty of natural light (corner unit), hardwoods, crown molding and french doors that open to a covered balcony. Kitchen with Stainless Steel appliances, Granite counter tops, upgraded lighting and lots of storage. Primary bedroom on third floor complete with a large walk-in closet, high ceilings and double sinks. Ground floor bedroom opens to large back patio with room for seating and additional yard space. Plenty of street parking available in addition to two car garage. Ideal location just blocks from all that the Heights has to offer, just steps from the Heights Bike and Trail and walking distance to restaurants and shops like the Heights Mercantile and the new M-K-T.

Investor Tools

Property Icon
$502,000
Estimated Property Value
$303,903Estimated Mortgage Balance
$198,097Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,012 /month
Positive
Cash Flow Estimate:
$1,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$862/month
$1,705/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,838
$464,790
2025
$167,200
$297,590
$464,790
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,838
$464,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$340,000
No
First
Nov 13, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$303,903
$309,097
50%
61%
$2,039/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$3,744/mo
$-1,164/mo
6.2%

City: Houston

724 Nicholson St | Property Details | No Agent List