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$498,000

NAL Estimated Property Value

741 Dorothy St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,849 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.6 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Cooktop, Dryer, Washer/Dryer Stacked, Washer, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,411 sqft

Building Information

Year Built2015
Garage Spaces1

Land Information

APN1342710010003
Lot Number3
SubdivisionPark Place In The Heights
Land UseResidential
Legal DescriptionLT 3 BLK 1 PARK PLACE IN THE HEIGHTS
Census Tract510500
Assessed Land Value$120,105
Assessed Improvement Value$333,244
Assessment Year2025

About this property

Nestled in the beautiful community of Park Place in the Heights, this light and bright, well-maintained home offers an abundance of on-trend features with the added security of a gated community! This home welcomes you with hardwood and tile flooring, open concept living, high ceilings, and gorgeous natural light. The kitchen is an entertainers dream and overlooks the dining and living areas and features a large island with quartz countertops and Professional Series stainless steel appliances. The primary suite is complete with an ensuite bath that includes a dual vanity, separate soaking tub, standalone shower, and large walk-in closet. Enjoy the sparkling community pool, Lawrence Park across the street, and the neighboring M-K-T that will have amazing shopping and dining! The home is located on the Heights hike and bike trail (Perfect for walking the dog)!

Investor Tools

Property Icon
$498,000
Estimated Property Value
$328,831Estimated Mortgage Balance
$169,169Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$747/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,475
$453,349
2025
$120,105
$333,244
$453,349
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,475
$453,349

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Conventional
$365,700
No
First
Feb 26, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$328,831
$179,169
35%
66%
$2,193/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,193/mo
+$387/mo
6.2%

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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741 Dorothy St | Property Details | No Agent List