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General Description
minimizeWonderful opportunity for a rare oversized corner lot in prestigious West University Place. Located at the corner of Sunset Boulevard and Buffalo Speedway with a whopping 13,125 square feet. The lot is located in the heart of West U with majestic oak trees in front and a pecan tree in back. The lot has generous side footage on Sunset (150’) and 87.5’ front footage on Buffalo Speedway. Current home was damaged in Winter Storm Uri. Mitigation and demo have been completed. Seller will not be doing any repairs. Please see attached survey and floorplan.
MLS#:
36890750 (HAR)
Sold Price Range:
$1,082,001 - $1,242,000
Listing Status:
Sold
Address:
5502 Buffalo Speedway
City:
West University Place
State:
TX
Zip Code:
County:
Subdivision:
Legal Description:
TR 3A BLK 79 WEST UNIVERSITY PLACE SEC 2
Property Type:
Single-Family
Bedrooms:
3 Bedroom(s)
Baths:
3 Full & 1 Half Bath(s)
Garage(s):
2 / Detached
Stories:
1
Style:
Ranch
Year Built:
1979 / Appraisal District
Building Sqft.:
2,992 /Appraisal District
Lot Size:
13,125 Sqft. /Appraisal District
Key Map©:
532B
Market Area:
Rooms/Lot Dimensions
Living:
17X28, 1st
Den:
15X18, 1st
Dining:
15X16, 1st
Kitchen:
13X14, 1st
Breakfast:
9X13, 1st
Primary Bedroom:
13X21, 1st
Bedroom:
10X12, 1st
Bedroom:
12X13, 1st
Extra Room:
18x17, 1st
Extra Room:
11X11, 1st
Interior Features
Fireplace:
1/Freestanding, Wood Burning Fireplace
Countertop:
CORIAN
Bedroom Description:
1 Bedroom Down - Not Primary BR, 2 Bedrooms Down, All Bedrooms Down, Primary Bed - 1st Floor
Bathroom Description:
Double Sinks, Half Bath, Primary Bath + Separate Shower, Primary w/Tub, Shower Only
Room Description:
Breakfast Room, Den, Family Room, Formal Dining, Living Area - 1st Floor, Utility Room in House
Cooling:
Central Electric, Zoned
Heating:
Central Electric, Zoned
Connections:
Electric Dryer Connections, Washer Connections
Microwave:
No
Compactor:
No
Dishwasher:
No
Ice Maker:
No
Disposal:
No
Energy Feature:
Ceiling Fans, Digital Program Thermostat, High-Efficiency HVAC, HVAC>13 SEER, North/South Exposure
Interior:
Alarm System - Owned, Drapes/Curtains/Window Cover, Fire/Smoke Alarm, Intercom System, Refrigerator Included
Exterior Features
Roof:
Composition
Foundation:
Slab
Private Pool:
No
Exterior Type:
Brick
Lot Description:
Corner, Subdivision Lot
Garage Carport:
Additional Parking, Auto Garage Door Opener, Circle Driveway
Water Sewer:
Public Sewer, Public Water
Unit Location:
Corner, Subdivision Lot
Front Door Face:
East
Area Pool:
Yes
Exterior:
Back Green Space, Back Yard, Back Yard Fenced, Fully Fenced, Patio/Deck, Sprinkler System
Additional Information
Dwelling Type:
Free Standing
List Type:
Exclusive Right to Sell/Lease
HOA Mandatory:
No
Buyer Agent Compensation*:
3%
Sub Agent Compensation*:
$0
Financial Information
Financing Considered:
Cash Sale, Conventional
Ownership:
Full Ownership
Other Fees:
No
Maintenance Fee:
No
Taxes w/o Exemp:
$30, 695/2020
Tax Rate:
2.1316
Selling Agent and Brokerage
minimize
Selling Broker
Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $974.08 | $2,914,450 | 73.41% | $2,893,736 | 82.69% |
| 2022 | $561.71 | $1,680,636 | 16.71% | $1,584,000 | 10.00% |
| 2021 | $481.28 | $1,440,000 | 0.00% | $1,440,000 | 0.00% |
| 2020 | $481.28 | $1,440,000 | -0.69% | $1,440,000 | -0.69% |
| 2019 | $484.63 | $1,450,000 | 4.74% | $1,450,000 | 7.54% |
| 2018 | $462.71 | $1,384,432 | 12.94% | $1,348,342 | 10.00% |
| 2017 | $409.68 | $1,225,766 | 0.00% | $1,225,766 | 0.00% |
| 2016 | $409.68 | $1,225,766 | 0.00% | $1,225,766 | 6.24% |
| 2015 | $409.68 | $1,225,766 | 12.25% | $1,153,764 | 10.00% |
| 2014 | $364.97 | $1,092,000 | 14.52% | $1,048,877 | 10.00% |
| 2013 | $318.69 | $953,525 | 0.00% | $953,525 | 0.00% |
| 2012 | $318.69 | $953,525 | $953,525 |
2023 Harris County Appraisal District Tax Value
| Market Land Value: | $1,522,500 |
| Market Improvement Value: | $1,391,950 |
| Total Market Value: | $2,914,450 |
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 % |
| W UNIVERSITY PLACE CITY OF: | 0.2774 % |
| Total Tax Rate: | 1.9457 % |
Estimated Mortgage/Tax
minimize
$9,084 Monthly
| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 4,392 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 4,692 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Subdivision Name:
West University Place
County / Zip Code:
77005
Single Family Properties:
1,272
Average Bedrooms:
4.01
Average Baths:
4.49
Median Square Ft.:
4,040
Median Lot Square Ft.:
7,500
Median Year Built:
1989
Median Appraised Value:
$1,825,232
Neighborhood Value Range:
$971 - $3220 K
Median Price / Square ft.:
$521.51
View Price Trends for West University Place
Schools
minimizeSchool 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
Excellent | 
Good | View Nearby Schools ↓
Property Map
minimize5502 Buffalo Speedway, West University Place, TX 77005 Directions
Nearby places and schools.
Drive Time
5502 Buffalo Speedway West University Place TX 77005 was recently sold. It is a 0.30 Acre(s) Lot, 2,992 SQFT, 3 Beds, 3 Full Bath(s) & 1 Half Bath(s) in West University Place.
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