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5531 Elm Tree Dr, Houston, TX, 77048

$150,000

Home List Price

$1,781*

Closing Credit

3 Bedrooms
2 Full Baths
1,218 SqFt
$123/SqFt
House

Location

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5531 Elm Tree Dr, Houston$150,000

Buyer Closing Credits

$1,781*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1961
HeatingCentral, Electric, Natural Gas
CoolingCentral Air, Electric
MLS #66055955
Lot Size0.21 Acres
StatusActive

About 5531 Elm Tree Dr

This three-bedroom, two-bathroom property is an excellent opportunity for investors or future owner-occupiers. Currently rented at $1,300 per month, it provides a steady income stream with a tenant in place. The home boasts “good bones,” making it a solid foundation for those who may want to add their personal touch or add to their rental portfolio. Nestled in a well-located neighborhood with convenient access to amenities, schools, and transportation, this property offers both long-term investment potential and a comfortable living space. Don’t miss out on this versatile property that combines current cash flow with future potential!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1961
  • Living Area: 1,218 SqFt

Listing Office:

  • Office Name: The All Homes Realty Group
  • Office Phone: (713) 885-1431
  • Listing Agent: Antonio Barrera

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: 610E; EXIT MARTIN LUTHER KING BLVD; RIGHT ON MLK BLVD; RIGHT ON GREYLONG DR; LEFT ON MLK BLVD; RIGHT ON ELM TREE DR

Price Information

Listing Price Info

Price Summary:

  • List Price: $150,000
  • Price Per SqFt: $123/SqFt

Tax Information:

  • Annual Amount: $1,320
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Houston, TX.

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Houston, TX

City

Med. Sold Price

$319.9K

Med. Price/SqFt

$166

Avg. Days On Market

40

# of Sold Homes

1678

5531 Elm Tree Dr vs Houston

49 DAYS ON ROCKET

+9 Days

$150,000

-$169.9K Less

$123/SqFt

-$44 Less

KEY TAKEAWAY

This property is $169.9K less than the Median Sold Price and $44/SqFt less than other homes in Houston, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HAR
  • MLS Number: #66055955

Listing Office:

  • Office Name: The All Homes Realty Group
  • Office Phone: (713) 885-1431
  • Listing Agent: Antonio Barrera

Broker ReciprocityDisclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.

Copyright© 2024 Houston Realtors Information Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/24/2024, 1:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,320$96,894
2020$1,050$55,000
2018$1,356$53,597

History based on county public records data.

Payment Calculator

$816

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$516

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1368948
5
/10

  • Codwell Elementary School

  • 5225 Tavenor Ln

  • 0.66 miles

  • Public Magnet Grades EE-5

school-card-donut-1368949
2
/10

  • Iltexas Houston Orem Elementary School

  • 5445 E Orem Dr

  • 0.90 miles

  • Public Charter Grades KG-5

school-card-donut-1368950
3
/10

  • Frost Elementary School

  • 5002 Almeda Genoa Rd

  • 1.34 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,691. Residents of Houston, TX typically earn less than $35k each year. The most common type of family is single, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5531 Elm Tree Dr

What is the listing price of this property?

The listing price of 5531 Elm Tree Dr property is $150,000.

What type of property is this?

The property 5531 Elm Tree Dr is a house located in Houston, Texas, 77048.

Is this property for sale now?

Active Listing: 5531 Elm Tree Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,320 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5531 Elm Tree Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5531 Elm Tree Dr is 1,218 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5531 Elm Tree Dr is 1961.

Rocket Homes›Texas›Harris County›Houston›77048›5531 Elm Tree Dr

This home is located at 5531 Elm Tree Dr in Houston, TX and zip code 77048 in the South Acres / Crestmont Park neighborhood. This 1,218 square foot home, which was built in 1961, sits on a 0.21 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $150,000.

In November 2024, from all listings sold in Houston, TX there were more than 263 sold above asking price, over 1060 sold below and more than 354 were sold right at the asked price. In November 2024 in Houston, TX there were 8.5% more homes for sale than in October 2024. In November 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $319,921.

From Rocket Homes Real Estate and based on county public records data.

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