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General Description

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Fabulous cash-flowing investment opportunity in Montrose! This beautifully remodeled Duplex property has 2 identical units: one downstairs and one upstairs each with their own private entrance accessible from the shared foyer. Each unit is complete with 2 bedrooms, 1 bathroom, Kitchen, Dining Room, and Laundry areas. These units share water service, but are on separate electric and gas. Both units have been rented out over the last two years for $2200/mo each. It is located in the heart of Montrose near Downtown Houston and just a short drive to the Museum District, Medical Center, Galleria Area, and the Heights. There are so many great places close by including restaurants like Bludorn, Loch Bar, and State of Grace as well as amazing bars such as Anvil, Clarkwood, and Poison Girl. The home is also zoned to great schools such as Wharton K-8 Dual Language Academy, Gregory-Lincoln Middle School, and Lamar High School.

MLS#:

82982139 (HAR)

Sold Price Range:

$717,001 - $827,000

Listing Status:

Sold

Address:

1959 W Lamar St

City:

Houston

State:

Zip Code:

77019

County:

Harris County

Subdivision:

Temple Terrace (View subdivision price trend)

Legal Description:

LT 34 BLK 4 TEMPLE TERRACE

Property Type:

Multi-Family - Duplex

Stories:

Year Built:

1936 / Appraisal District

Building Sqft.:

2,776 /Appraisal District

Lot Size:

5,000 Sqft. /Appraisal District

Key Map©:

493J

Market Area:

Montrose

Interior Features

Countertop:

Granite

Floors:

Laminate, Tile, Wood

Cooling:

Central Electric

Heating:

Central Electric

Compactor:

Disposal:

Yes

Dishwasher:

Yes

Microwave:

Yes

Energy Feature:

Ceiling Fans

Exterior Features

Roof:

Composition

Exterior Type:

Brick, Cement Board

Lot Description:

Cleared

Parking Unit:

Two

Parking:

Garage Parking, Paved Area

Front Door Face:

North

Additional Information

List Type:

Exclusive Right to Sell/Lease

Unit Feature:

Fenced Area, Fireplace, Hardwood Floors, 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.

Financial Information

Financing Considered:

Cash Sale, Conventional, FHA, VA

Other Fees:

Maintenance Fee:

Taxes w/o Exemp:

$14, 954/2023

Tax Rate:

2.0148

Selling Agent and Brokerage

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Selling Agent

Member of The Bridge Group

Nicholas LaPalomento

5.00/5.0

Click to view phone

Selling Broker

eXp Realty LLC

One Riverway, Ste. 1700
Houston, TX 77056

Want to know how much is this home worth?

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Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$267.37	$742,212	23.55%	$742,212	23.55%
2022	$216.41	$600,755	7.28%	$600,755	7.28%
2021	$201.73	$560,000	19.15%	$560,000	19.15%
2020	$169.31	$470,000	11.93%	$470,000	11.93%
2019	$151.26	$419,900	0.00%	$419,900	0.00%
2018	$151.26	$419,900	1.43%	$419,900	1.43%
2017	$149.14	$414,000	-7.35%	$414,000	-7.35%
2016	$160.97	$446,845	30.94%	$446,845	30.94%
2015	$122.93	$341,257	4.82%	$341,257	4.82%
2014	$117.27	$325,555	5.54%	$325,555	5.54%
2013	$111.12	$308,475	0.00%	$308,475	0.00%
2012	$111.12	$308,475		$308,475

2023 Harris County Appraisal District Tax Value

Market Land Value:	$475,000
Market Improvement Value:	$267,212
Total Market Value:	$742,212

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 %
Total Tax Rate:	2.2019 %

Estimated Mortgage/Tax

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$4,184 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 2,822
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 1,3621,362
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:

Temple Terrace

County / Zip Code:

77019

Single Family Properties:

Average Bedrooms:

3.22

Average Baths:

2.55

Median Square Ft.:

2,160

Median Lot Square Ft.:

5,000

Median Year Built:

1936

Median Appraised Value:

$660,000

Neighborhood Value Range:

$495 - $1350 K

Median Price / Square ft.:

$369.26

View Price Trends for Temple 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.