$960,000 Last Listed Price
●
House -
Off Market
507 Lester Street
Houston, TX 77007
3 Beds
3 Baths,
2
Half Baths
3,611 Ft²
$6,183
Est. Monthly
About This Property
Welcome to 507 Lester Street, a stunning contemporary 3,611 sqft
home in Rice Military. This magnificent property boasts 3 beds, 3
full baths, and 2 half baths, with high-end finishes and a modern
design that flows seamlessly between the living, dining, and
kitchen areas. Equipped with a whole house generator, water
purifier, and softener, as well as a state-of-the-art movie theatre
and full wet bar, this home offers the ultimate in-home
entertainment experience. All AV components in the living room, and
security system convey with the home. The 4,400 sqft lot features
coveted outdoor space with both front and side yards. Conveniently
located just 5 miles from downtown Houston with easy access to
major highways, shopping, dining, and entertainment. Don't miss out
on this exquisite property - schedule your showing today!
Unit Size
3,611 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$266
Property Type
House
Property Taxes
$1,469
HOA Dues
-
Year Built
2005
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (HAR #2907692)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 17, 2024 | In contract | - | |
| In contract | |||
| Apr 14, 2024 | No longer available | - | |
| No longer available | |||
| Apr 13, 2024 | Listed by Nan & Company Properties | $960,000 | |
| Listed by Nan & Company Properties | |||
| | |||
|
Welcome to 507 Lester Street, a stunning contemporary 3,611 sqft home in Rice Military. This magnificent property boasts 3 beds, 3 full baths, and 2 half baths, with high-end finishes and a modern design that flows seamlessly between the living, dining, and kitchen areas. Equipped with a whole house generator, water purifier, and softener, as well as a state-of-the-art movie theatre and full wet bar, this home offers the ultimate in-home entertainment experience. All AV components in the living room, and security system convey with the home. The 4,400 sqft lot features coveted outdoor space with both front and side yards. Conveniently located just 5 miles from downtown Houston with easy access to major highways, shopping, dining, and entertainment. Don't miss out on this exquisite property - schedule your showing today!
| |||
| Apr 4, 2024 | Price Decreased |
$960,000
↓ $38K
(3.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Central Houston
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Hardy Pollard, Nan & Company Properties
Last Updated: 6 months ago
Data Source: HAR , MLS# 2907692
Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Last Updated: 6 months ago
Data Source: HAR , MLS# 2907692
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017