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Owner Contacts

$1,464,000

NAL Estimated Property Value

815 Ridge St, Houston, TX, 77009

Off Market

2 Beds

2 Bath

1,488 Sq Ft

Single Family Residence

$395.83 / sqft

Built in 1930

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Gas Range, Dishwasher, Dryer, Oven, Refrigerator, Washer

FlooringTile, Wood

Exterior

Lot Size5,001 sqft

Building Information

Year Built1930

Garage Spaces2

Land Information

APN0611860000011

Lot Number11

SubdivisionWoodland Terrace

Land UseResidential

Legal DescriptionLT 11 BLK 13 WOODLAND TERRACE

Census Tract510301

Assessed Land Value$500,000

Assessed Improvement Value$636,978

Assessment Year2025

About this property

Welcome to this charming Woodland Heights bungalow situated on a 5,000 sf lot along a beautiful tree-lined street w/ incredible walkability to neighborhood parks & restaurants along White Oak & Studewood. This 2 bed/2 bath home is full of craftsman details including beautiful millwork throughout. The original bungalow has already been expanded to include a 2nd floor w/ a bedroom & full bath. The 1st floor offers a study with built-ins, secondary bedroom, full bath, living room w/ fireplace, dining & kitchen. Outdoor spaces include an inviting front porch, spacious fenced backyard w/ a patio & turf & a long driveway leading to a detached 1-car garage w/ insulated door/walls & window unit. This is a great opportunity to create your dream home in a highly sought after location & zoned to Travis Elementary. 815 Ridge is a special home located on a wonderful block of this idyllic neighborhood & is ready for its next chapter.Please note property is being sold as-is, no repairs will be made.

Investor Tools

$1,464,000

Estimated Property Value

$1,358,191Estimated Mortgage Balance

$105,809Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,784 /month

Positive

Cash Flow Estimate:

$2,928 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,145/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$18,426

$1,136,978

2025

$500,000

$636,978

$1,136,978

Tax History

Year

Tax Paid

Assessed Value

2024

$18,426

$1,136,978

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Liberty Fcu

Conventional

$1,376,550

First

Apr 18, 2025

May 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,358,191

$120,809

93%

$8,254/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$8,254/mo

$-6,028/mo

1.8%

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