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General Description

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Real estate has proven to be an effective investment tool during times of financial instability and recession. Do not pass up this phenomenal income producing property that includes two buildings (2802/2804 Truxillo and 3901 Delano) close to mid-town, downtown, universities and medical center.The apartments can be configured in different ways to attract more potential renters.The two apartments at 3901 Delano have an interior door that connects both apartments into a larger apartment to accommodate more guests. There is also a third floor at 2802 Truxillo apartment with three extra rooms that can accommodate more guests. 2802 and 2804 can be combined into a large apartment through an interior door. Lots of potential in this multi-functional furnished apartments. Lots of new businesses are moving into the area through a revival of Emancipation Street. Students from TSU and University of Houston are a continuous market. Airbnb bookings in the area have increased 105% from a year ago.

MLS#:

56879958 (HAR)

Sold Price Range:

$717,001 - $827,000

Listing Status:

Sold

Address:

3901 Delano Street

City:

Houston

State:

Zip Code:

77004

County:

Harris County

Subdivision:

Washington Terrace (View subdivision price trend)

Legal Description:

LT 1 BLK 26 WASHINGTON TERRACE

Property Type:

Multi-Family - Multiple Detached Dw

Stories:

Year Built:

1936 / Appraisal District

Building Sqft.:

3,967 /Appraisal

Lot Size:

5,775 Sqft. /Appraisal District

Key Map©:

493Y

Market Area:

University Area

Interior Features

Floors:

Carpet, Engineered Wood, Tile, Wood

Countertop:

granite/butcher bloc

Heating:

Central Electric, Central Gas

Cooling:

Central Electric

Disposal:

Compactor:

Microwave:

Yes

Dishwasher:

Energy Feature:

Attic Vents, Ceiling Fans, Digital Program Thermostat, High-Efficiency HVAC, Insulated/Low-E windows, Insulation - Blown Cellulose, Insulation - Blown Fiberglass, Insulation - Other, North/South Exposure

Exterior Features

Roof:

Composition

Exterior Type:

Brick, Cement Board, Unknown, Wood

Lot Description:

Corner

Unit Location:

Corner

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Balcony, Carpets, Fenced Area, Fireplace, Furnished, Hardwood Floors, Patio, Window Coverings

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.

Financial Information

Financing Considered:

Cash Sale, Conventional

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$6, 678/2022

Tax Rate:

2.3169

Listing Broker:

Parlette Realty

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$93.29	$370,093	28.41%	$370,093	28.41%
2022	$72.65	$288,221	13.89%	$288,221	13.89%
2021	$63.79	$253,064	9.61%	$253,064	9.61%
2020	$58.20	$230,867	5.01%	$230,867	5.01%
2019	$55.42	$219,842	13.40%	$219,842	13.40%
2018	$48.87	$193,858	0.00%	$193,858	0.00%
2017	$48.87	$193,858	0.00%	$193,858	0.00%
2016	$48.87	$193,858	18.21%	$193,858	18.21%
2015	$41.34	$164,000	46.61%	$164,000	46.61%
2014	$28.20	$111,863	0.00%	$111,863	0.00%
2013	$28.20	$111,863	0.00%	$111,863	0.00%
2012	$28.20	$111,863		$111,863

2023 Harris County Appraisal District Tax Value

Market Land Value:	$176,400
Market Improvement Value:	$193,693
Total Market Value:	$370,093

harris County Appraisal District

2023 Tax Rates

HOUSTON ISD:	1.0372 %
HARRIS COUNTY:	0.3437 %
HC FLOOD CONTROL DIST:	0.0306 %
PORT OF HOUSTON AUTHORITY:	0.0080 %
HC HOSPITAL DIST:	0.1483 %
HC DEPARTMENT OF EDUCATION:	0.0049 %
HOUSTON COMMUNITY COLLEGE:	0.0956 %
HOUSTON CITY OF:	0.5336 %
GREATER SE MGMT DIST:	0.1150 %
Total Tax Rate:	2.3169 %

Estimated Mortgage/Tax

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$3,483 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 2,769
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 715715
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

Calculate View Amortization Table

Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Washington Terrace

County / Zip Code:

77004

Single Family Properties:

425

Average Bedrooms:

3.10

Average Baths:

1.95

Median Square Ft.:

1,632

Median Lot Square Ft.:

5,250

Median Year Built:

1940

Median Appraised Value:

$269,450

Neighborhood Value Range:

$186 - $419 K

Median Price / Square ft.:

$182.56

View Price Trends for Washington Terrace

Schools

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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.

ASSIGNED SCHOOLS

Lockhart Elementary School Elementary . PK - 05 . HOUSTON ISD

Good |

Cullen Middle School Middle . 06 - 08 . HOUSTON ISD

Average |

Yates High School High . 09 - 12 . HOUSTON ISD
|

View Nearby Schools ↓

Property Map

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3901 Delano Street, Houston, TX 77004 Directions

Nearby places and schools.

Street View Birds Eye View

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3901 Delano Street Houston TX 77004 was recently sold. It is a 3,967 SQFT, in Washington Terrace.

View all homes on Delano