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515 E 40th St; Houston, TX Property Details

515 E 40th St, Houston, TX is a Single Family that was built in 1950. This property is currently a cash purchase and is not for sale. Our records show that 515 E 40th St has 2 bedrooms, and 1 bathroom, and a total of 900 square feet. The lot size of 515 E 40th St is 3,200 square feet.

For Rent
515 E 40th St Houston, TX 77022
$1,395 Listing Price
2 Beds
1 Baths
900 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Corporate
  • Owner Status: Corporate
  • Year Built: 1950
  • Est. Equity / %: $204,000 / 100%
  • Gross Yield: 6.076%
  • APN: 021-127-000-0006
  • Situs County: Harris
  • Length Of Ownership: 11 years, 8 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 4

Structure

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

Measurements

  • Total: 900/SqFt
  • Lot: 3,200/SqFt
  • Gross: 900/SqFt
  • Living: 900/SqFt
  • Building: 900/SqFt
  • Ground: 900/SqFt

Legal Description

  • Description: LT 6 BLK 57 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: 29.82241 / -95.3933
  • Subdivision: Independence Heights School
  • Property Class: Residential
  • County Use Code: 1001

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 4731
  • Bathroom Fixtures: 5
  • Cooling: Central
  • Heating: Central

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

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

Taxes

515 E 40th St has 10 associated Taxes items

515 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 $131,839. The APN we've located for 515 E 40th St is 021-127-000-0006.

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Taxes
  • Assessed Value:  $131,839
  • Assessed Year:  2025
  • Assessed County:  Harris
  • APN:  021-127-000-0006
  • Assessed Land Value:  89600
  • Market Land Value:  89600
  • Tax Amount:  2801.86
  • Tax Year:  2025
  • Market Value:  131839
  • Market Year:  2025

Tax History

515 E 40th St has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $131,839 Land Value $89,600 Improvement Value $42,239 Tax Amount $2,801.86 Change Rate -0.062776% Assessed CR Tax Rate +0.021252%
Year 2024 Assessed Value $142,878 Land Value $89,600 Improvement Value $53,278 Tax Amount $2,989.53 Change Rate +0.146859% Assessed CR Tax Rate +0.020924%
Year 2023 Assessed Value $129,377 Land Value $89,600 Improvement Value $39,777 Tax Amount $2,606.71 Change Rate -0.101364% Assessed CR Tax Rate +0.020148%
Year 2022 Assessed Value $131,738 Land Value $76,800 Improvement Value $54,938 Tax Amount $2,900.74 Change Rate +0.054742% Assessed CR Tax Rate +0.022019%
Year 2021 Assessed Value $118,000 Land Value $64,000 Improvement Value $54,000 Tax Amount $2,750.19 Change Rate +0.199657% Assessed CR Tax Rate +0.023307%
Year 2020 Assessed Value $95,544 Land Value $64,000 Improvement Value $31,544 Tax Amount $2,292.48 Change Rate -0.077306% Assessed CR Tax Rate +0.023994%
Year 2019 Assessed Value $103,330 Land Value $56,000 Improvement Value $47,330 Tax Amount $2,484.55 Change Rate +0.040684% Assessed CR Tax Rate +0.024045%
Year 2018 Assessed Value $94,501 Land Value $46,080 Improvement Value $48,421 Tax Amount $2,387.42 Change Rate +0.259999% Assessed CR Tax Rate +0.025263%
Year 2017 Assessed Value $75,000 Land Value $34,560 Improvement Value $40,440 Tax Amount $1,894.78 Change Rate +0.159894% Assessed CR Tax Rate +0.025264%
Year 2016 Assessed Value $64,605 Land Value $26,880 Improvement Value $37,725 Tax Amount $1,633.58 Change Rate Assessed CR Tax Rate +0.025286%
Year 2015 Assessed Value $53,942 Land Value $15,360 Improvement Value $38,582 Tax Amount Change Rate Assessed CR Tax Rate
Year 2014 Assessed Value $48,328 Land Value $15,360 Improvement Value $32,968 Tax Amount $1,242.35 Change Rate Assessed CR Tax Rate +0.025707%