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502 E 40th St; Houston, TX Property Details

502 E 40th St, Houston, TX is a Single Family that was built in 2019. This property is currently a cash purchase and is not for sale. Our records show that 502 E 40th St has 3 bedrooms, and 2 bathrooms, and a total of 1,323 square feet. The lot size of 502 E 40th St is 6,000 square feet.

Off market
502 E 40th St Houston, TX 77022
$67,000 Listing Price
3 Beds
2 Baths
1,323 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2019
  • Open Loans / Balance: 1 / $156,140
  • Est. Equity / %: $236,860 / 60.27%
  • Gross Yield: 7.337%
  • APN: 021-126-000-0033
  • Situs County: Harris
  • Length Of Ownership: 16 years, 8 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 5

Structure

  • Building Style: Frame
  • Stories: 1
  • Exterior Wall Type: Combination
  • Building Condition: Average
  • Building Quality: C
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,323/SqFt
  • Lot: 6,000/SqFt
  • Gross: 1,323/SqFt
  • Garage: 288/SqFt
  • Living: 1,323/SqFt
  • Building: 1,323/SqFt
  • Ground: 1,323/SqFt

Legal Description

  • Description: LTS 33 & 34 BLK 56 INDEPENDENCE HEIGHTS SCHOOL
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Houston Independent School District
  • Lat / Lon: 29.821985 / -95.39388
  • Subdivision: Independence Heights School
  • Property Class: Residential
  • County Use Code: 1001

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4732
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 5

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

502 E 40th St has no associated ownership info
502 E 40th St has no associated ownership info.

Taxes

502 E 40th St has 10 associated Taxes items

502 E 40th St, Houston, TX pays taxes in Harris County, TX. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $366,497. The APN we've located for 502 E 40th St is 021-126-000-0033.

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Taxes
  • Assessed Value:  $366,497
  • Assessed Year:  2025
  • Assessed County:  Harris
  • APN:  021-126-000-0033
  • Assessed Land Value:  168000
  • Market Land Value:  168000
  • Tax Amount:  337.94
  • Tax Year:  2024
  • Market Value:  366497
  • Market Year:  2025

Tax History

502 E 40th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $366,497 Land Value $168,000 Improvement Value $198,497 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $360,540 Land Value $168,000 Improvement Value $192,540 Tax Amount $337.94 Change Rate +0.072689% Assessed CR Tax Rate +0.000937%
Year 2023 Assessed Value $352,905 Land Value $168,000 Improvement Value $184,905 Tax Amount $315.04 Change Rate -0.762133% Assessed CR Tax Rate +0.000893%
Year 2022 Assessed Value $309,737 Land Value $144,000 Improvement Value $165,737 Tax Amount $1,324.44 Change Rate -0.012482% Assessed CR Tax Rate +0.004276%
Year 2021 Assessed Value $272,279 Land Value $120,000 Improvement Value $152,279 Tax Amount $1,341.18 Change Rate -0.63654% Assessed CR Tax Rate +0.004926%
Year 2020 Assessed Value $257,717 Land Value $120,000 Improvement Value $137,717 Tax Amount $3,690.03 Change Rate Assessed CR Tax Rate +0.014318%
Year 2019 Assessed Value $152,381 Land Value $105,000 Improvement Value $47,381 Tax Amount $3,690.03 Change Rate +1.912944% Assessed CR Tax Rate +0.024216%
Year 2018 Assessed Value $136,782 Land Value $90,000 Improvement Value $46,782 Tax Amount $1,266.77 Change Rate +0.129139% Assessed CR Tax Rate +0.009261%
Year 2017 Assessed Value $118,782 Land Value $72,000 Improvement Value $46,782 Tax Amount $1,121.89 Change Rate +0.129082% Assessed CR Tax Rate +0.009445%
Year 2016 Assessed Value $95,839 Land Value $48,000 Improvement Value $47,839 Tax Amount $993.63 Change Rate Assessed CR Tax Rate +0.010368%
Year 2015 Assessed Value $82,710 Land Value $48,000 Improvement Value $34,710 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $52,660 Land Value $30,000 Improvement Value $22,660 Tax Amount $909.09 Change Rate Assessed CR Tax Rate +0.017263%