Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$325,000

5931 Spellman Rd, Houston, TX, 77096

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,625 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$200 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Vinyl Plank

Exterior

Private PoolPrivate Pool
Lot Size7,200 sqft

Building Information

Year Built1965
Stories1
Garage Spaces1

Land Information

APN0880820000004
Lot Number3,4
SubdivisionWestbury
Land UseResidential
Legal DescriptionE 30 FT OF LT 3 & W 30 FT OF LT 4 BLK 161 WESTBURY SEC 5
Census Tract422403
Assessed Land Value$144,000
Assessed Improvement Value$114,240
Assessment Year2025

About this property

Located on a quiet street in established Westbury, 5931 Spellman offers a well-designed floor plan, meaningful updates and the opportunity for its next owner to add their own style and vision. This 3-bedroom, 2-bath home features double-pane Low-E windows, engineered plank flooring and generous living spaces filled with natural light. A spacious home office features built-ins, while the large living area offers a vaulted ceiling with exposed beam and views of the backyard and pool. The dining area features an expansive five-panel bay window overlooking the outdoor space. The primary suite includes two walk-in closets and an updated bath with expanded walk-in shower. Additional features include a generous pantry/laundry area with ample storage, newer HVAC and water heater. The 7,200 SF lot offers a large pool, patio and grassy yard. Convenient to Meyerland Plaza, Texas Medical Center, Galleria, Downtown, Willow Waterhole Park, and major freeways.

Investor Tools

$152,582Estimated Mortgage Balance
$189,418Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

Interested in this property?

Brian Brookins

Boulevard Realty

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$419/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,317
$258,240
2025
$144,000
$114,240
$258,240
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,317
$258,240

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$175,000
No
First
Apr 6, 2020
May 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,582
$189,418
55%
45%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,930/mo
$1,050/mo
+$880/mo
6.8%

City: Houston

5931 Spellman Rd | Property Details | No Agent List