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$820,000

NAL Estimated Property Value

802 W Melwood St, Houston, TX, 77009

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$411.71 / sqft
Year BuiltBuilt in 1928

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Gas Range, Dishwasher
FlooringWood

Exterior

Lot Size6,138 sqft

Building Information

Year Built1928
Stories1
Garage Spaces1

Land Information

APN0621230000009
Lot Number9
SubdivisionEast Norhill
Land UseResidential
Legal DescriptionLT 9 BLK 210 EAST NORHILL
Census Tract511400
Assessed Land Value$552,240
Assessed Improvement Value$247,760
Assessment Year2025

About this property

Rare, three bedroom, three bath light-filled brick bungalow on an oversized corner lot in the sought-after East Norhill neighborhood. Some of the recent updates include primary bath remodel, updated laundry room, interior paint, plantation shutters, new two-car garage added and wrought-iron fence added to enclose front yard. The flexible floor plan offers two living areas, dining room and a spacious kitchen with extensive storage and original hardwood floors throughout. Fantastic outdoor spaces include a shaded back yard retreat with large deck and Koi pod, spacious front yard, and a central courtyard located just off the kitchen- ideal for grilling! The climate controlled garage would be perfect for a home gym! Ideally located just one block from Proctor Plaza Park where you will find a playground and tennis courts plus close proximity to numerous neighborhood dining and entertainment destinations. This Heights gem is one not to be missed!

Investor Tools

Property Icon
$820,000
Estimated Property Value
$494,914Estimated Mortgage Balance
$325,086Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,920 /month
Positive
Cash Flow Estimate:
$1,640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,392/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,601
$800,000
2025
$552,240
$247,760
$800,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,601
$800,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cf Bank
Conventional
$548,250
No
First
Apr 29, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$494,914
$369,086
42%
60%
$3,288/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,288/mo
$-1,566/mo
2.5%

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.

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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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802 W Melwood St | Property Details | No Agent List