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506 E 40th St; Houston, TX Property Details

506 E 40th St, Houston, TX is a Single Family that was built in 2015. This property is currently Financed,New Construction and is not for sale. Our records show that 506 E 40th St has 2 bedrooms, and 2 bathrooms, and a total of 1,361 square feet. The lot size of 506 E 40th St is 4,500 square feet.

Off market
506 E 40th St Houston, TX 77022
$337,807 Estimated Value
2 Beds
2 Baths
1,361 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2015
  • Purchase Price: $144,200
  • Open Loans / Balance: 1 / $15,900
  • Est. Equity / %: $315,100 / 95.2%
  • Gross Yield: 9.02%
  • APN: 021-126-000-0030
  • Situs County: Harris
  • Length Of Ownership: 28 years, 6 months

Rooms

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

Structure

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

Measurements

  • Total: 1,361/SqFt
  • Lot: 4,500/SqFt
  • Gross: 1,361/SqFt
  • Living: 1,361/SqFt
  • Building: 1,361/SqFt
  • Ground: 1,361/SqFt
  • Price Per Square Foot: $105.95

Legal Description

  • Description: LT 30 & TR 31B 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: 29.82199 / -95.393654
  • 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: Carport
  • Heating: Central

Ownership Info

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

Taxes

506 E 40th St has 10 associated Taxes items

506 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 $337,807. The APN we've located for 506 E 40th St is 021-126-000-0030.

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Taxes
  • Assessed Value:  $337,807
  • Assessed Year:  2025
  • Assessed County:  Harris
  • APN:  021-126-000-0030
  • Assessed Land Value:  126000
  • Market Land Value:  126000
  • Tax Amount:  602.37
  • Tax Year:  2024
  • Market Value:  337807
  • Market Year:  2025

Tax History

506 E 40th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $337,807 Land Value $126,000 Improvement Value $211,807 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $332,414 Land Value $126,000 Improvement Value $206,414 Tax Amount $602.37 Change Rate +0.10478% Assessed CR Tax Rate +0.001812%
Year 2023 Assessed Value $325,394 Land Value $126,000 Improvement Value $199,394 Tax Amount $545.24 Change Rate -0.377111% Assessed CR Tax Rate +0.001676%
Year 2022 Assessed Value $288,889 Land Value $108,000 Improvement Value $180,889 Tax Amount $875.34 Change Rate -0.554303% Assessed CR Tax Rate +0.00303%
Year 2021 Assessed Value $252,301 Land Value $90,000 Improvement Value $162,301 Tax Amount $1,963.98 Change Rate +0.036806% Assessed CR Tax Rate +0.007784%
Year 2020 Assessed Value $237,911 Land Value $90,000 Improvement Value $147,911 Tax Amount $1,894.26 Change Rate -0.156265% Assessed CR Tax Rate +0.007962%
Year 2019 Assessed Value $261,991 Land Value $78,750 Improvement Value $183,241 Tax Amount $2,245.09 Change Rate +0.107095% Assessed CR Tax Rate +0.008569%
Year 2018 Assessed Value $230,669 Land Value $56,250 Improvement Value $174,419 Tax Amount $2,027.91 Change Rate +0.042445% Assessed CR Tax Rate +0.008791%
Year 2017 Assessed Value $223,015 Land Value $45,000 Improvement Value $178,015 Tax Amount $1,945.34 Change Rate +0.403291% Assessed CR Tax Rate +0.008723%
Year 2016 Assessed Value $194,494 Land Value $30,000 Improvement Value $164,494 Tax Amount $1,386.27 Change Rate Assessed CR Tax Rate +0.007128%
Year 2015 Assessed Value $61,232 Land Value $30,000 Improvement Value $31,232 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $45,770 Land Value $18,750 Improvement Value $27,020 Tax Amount Change Rate Assessed CR Tax Rate