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Owner Contacts

$502,000

NAL Estimated Property Value

724 Nicholson St, Houston, TX, 77007

Off Market

3 Beds

4 Bath

1,979 Sq Ft

Single Family Residence

$214.75 / sqft

Built in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

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

$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

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

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%

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