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Sold 77006 Houston

1221 Welch St

Houston, TX 77006

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Sold

$482,001 - $552,000

Sold on December 28, 2023

2,700 Sqft.

5,000 Lot Sqft

Multi-Family - 5 Plus

13 Day(s) on Market

Home value comparables

Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

Current Valuations

Home Value Comparables

AVM Value $520K	AVM Value $548K	AVM Value $229K
Value Range $458K - $582K	Value Range $473K - $622K	Value Range $ 229,061
Confidence Score 88% Margin of Error*: 12%	Confidence Score 92% Margin of Error*: 14%	Confidence Score NA

$520K

$548K

$229K

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Zestimate Home Values are provided by Zillow, Inc. Use is subject to Zillow Terms of Use and are provided as-is, as-available.

Description

6 unit multi-family listed at lot value. Already re-platted with an option to build 3 townhomes in vibrant Montrose. Can also be re-platted for a single family residential home. Hold for cash flow now and build when you're ready. Or renovate for optimal rent yield and keep as long term asset. The options are many. Located on Welch St, a quiet residential block halfway between the popular entertainment and dining establishments on Westheimer and upscale options in River Oaks. The property is neighbors with new high end custom homes and townhomes. Currently tenant occupied. 2 dryers and 2 washers (coin operated) in on-site laundry room. The re-plat was completed and recorded before the minimum lot size ordinance took effect on the block. The existing building also has 6 parking spaces grandfathered in - one for each unit. Each unit is individually metered for electricity and/or gas. Water meter is shared.

Documents

Pre-Replat Survey Re-plat

MLS#

71524823

Sold Price Range

$482,001 - $552,000

Listing Status

Sold

Address

1221 Welch St

City

Houston

State

Zip Code

77006

County

Harris County

Subdivision

Westover Par R/P

Legal Description

LT 1 BLK 1 (PR YR IMPS 2016-2021*0370890010005) WESTOVER PAR

Property Type

Multi-Family - 5 Plus

Stories

Year Built

1960 / Appraisal District

Building Size

2,700 Sqft/Seller

Lot Size

5,000 Sqft./Appraisal District

Market Area

Montrose

Property website

Property map

Street
view

Get
directions

Jack Lin

Brombacher & Co.

Call

Exterior

Roof

Built Up

Exterior Type

Brick, Wood

Parking

Off Site Parking

Parking Unit

One

Interior

Countertop

Laminate, Tile

Floors

Tile

Cooling

Window Units

Heating

Window Unit

Disposal

Energy Feature

Ceiling Fans

Lot information

Lot Size

5,000 Sqft. /Appraisal District

Street View Map View Satellite View

Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Financial

Financing Considered

Cash Sale, Conventional

Other Fees

Maintenance Fee

Taxes w/o Exemp

$13,103/2023

Tax Rate

2.2019

Additional information

List Type

Exclusive Right to Sell/Lease

Unit Feature

Fenced Area,Patio

Buyer Agent Compensation*

Sub Agent Compensation*

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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Due Date

Amount Due

Total Usage

Electric Heat

Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

LIST PRICE

DOWN PAYMENT

Amount

Percentage

Loan Term

Months

Years

Annual Interest Rate Estimated Monthly Principal & Interest

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Estimated Monthly Property Tax

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Monthly Homeowner's Insurance Monthly PMI (Private Mortgage Insurance) Monthly HOA fees

Full Page

Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.