NOT LISTED FOR SALE

505 E 40th St Houston, TX 77022

Independence Heights Neighborhood

Estimated Value: $448,000 - $578,000

0.07 Acres
$6,837,878 Price per Acre
3,200 Sq Ft Lot

Sale Details

Date Sold: December 23, 2019

Current estimated payment $3,673 / mo

75 Days on Market

Highlights

  • Interior Lot
  • Open Space
  • Patio Home

About This Lot

As of December 2019

BUY NOW, BUILD NOW! What a deal! Independence Heights lot - includes survey with elevation certificate, plans, soil report and permits! No waiting months for permits or delays to build! Tons of nearby development - to include a new Whole Foods! Just outside loop 610, close to downtown, the Heights, Garden Oaks and all the inner loop has to offer! Great opportunity for investors or for a primary residence! Get in while the area is still affordable.

Last Agent to Sell the Property

Steven Izzat

RA Brokers License #0661875 Listed on: 08/22/2019

RA Brokers

Last Buyer's Agent

Evan Compean

Compean Group License #0617930

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $873

Lot Details

  • 3,200 Sq Ft Lot
  • Open Space
  • Interior Lot
  • Level Lot

Home Design

  • Patio Home

Schools

  • Burrus Elementary School
  • Williams Middle School
  • Washington High School

Utilities

  • Phone Available
  • Cable TV Available

Community Details

  • Independence Heights School Subdivision

Listing and Financial Details

  • Tax Lot 3

Property Details

Property Type

Land

Est. Annual Taxes

$873

Lot Details

3,200 Sq Ft Lot

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 0.0735
  • Road Surface Type: Concrete
  • Subdivision Name: Independence Heights School
  • Architectural Style: Patio Home
  • UniversalParcelId: urn:reso:upi:2.0:US:48201:021-127-000-0003
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Manufactured Home, Multi-Family, Other, Residential, Single Family

Exterior Features

  • Disclosures: None
  • Lot Features: Interior Lot, Level, Open Lot, Subdivision

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: BURRUS ELEMENTARY SCHOOL
  • Junior High Dist: 27 - Houston
  • High School: WASHINGTON HIGH SCHOOL
  • Middle Or Junior School: WILLIAMS MIDDLE SCHOOL

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 873.0
  • Tax Lot: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2019
Closed on
Dec 23, 2019
Sold by
Ags Unlimited Llc
Bought by
Seller's Agent
Steven Izzat
RA Brokers
Buyer's Agent
Evan Compean
Compean Group
List Price
$79,999
Current Estimated Value
$502,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.06%
Original Mortgage
$75,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2015
Sold by
Byrd Louis
Bought by
Ags Unlimited Llc

Purchase Details

Closed on
Mar 3, 2015
Sold by
Byrd Louis and St Jules Jacquelyn Nelson
Bought by
Harris County and City Of Houston
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Independence Heights, TX

  • Logan Poorman Real Estate Agent - The Sears Group

    Logan Poorman

    The Sears Group

    (832) 648-4890

    69 Total Sales

    1 in Independence Heights

    $430,000 Price

    Logan Poorman
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  • Peyo Rubio Real Estate Agent - Texas Grand Real Estate Inc.

    Peyo Rubio

    Texas Grand Real Estate Inc.

    (346) 353-9113

    194 Total Sales

    4 in Independence Heights

    $80K - $485K Price Range

    Peyo Rubio
     Section Image
  • Chuck Miller Real Estate Agent - Fiv Realty Co Texas LLC

    Chuck Miller

    Fiv Realty Co Texas LLC

    (346) 214-4516

    90 Total Sales

    3 in Independence Heights

    $225K - $260K Price Range

    Chuck Miller
     Section Image
  • Kassie Locke Real Estate Agent - Locke and Key Property Group L

    Kassie Locke

    Locke and Key Property Group L

    (832) 271-0780

    66 Total Sales

    3 in Independence Heights

    $485K - $547K Price Range

    Kassie Locke
     Section Image
  • David Young Real Estate Agent - Compass RE Texas, LLC - Houston

    David Young

    Compass RE Texas, LLC - Houston

    (866) 512-0347

    109 Total Sales

    9 in Independence Heights

    $285K - $450K Price Range

    David Young
     Section Image
  • Moshood Adams Real Estate Agent - Real Broker, LLC

    Moshood Adams

    Real Broker, LLC

    (346) 600-9883

    62 Total Sales

    2 in Independence Heights

    $310K - $586K Price Range

    Moshood Adams
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Ags Unlimited Llc $18,000 None Available
Harris County -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $75,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2024 11/10/24 Off Market -- -- --
12/23/2019 12/23/19 Sold -- -- --
11/23/2019 11/23/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $79,999 -- $85 / Sq Ft
Source: Houston Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,645 $500,892 $89,600 $411,292
2024 $10,235 $489,158 $89,600 $399,558
2023 $10,235 $474,738 $89,600 $385,138
2022 $7,260 $329,705 $76,800 $252,905
2021 $8,225 $352,885 $64,000 $288,885
2020 $1,550 $64,000 $64,000 $0
2019 $1,417 $56,000 $56,000 $0
2018 $1,166 $46,080 $46,080 $0
2017 $874 $34,560 $34,560 $0
2016 $680 $26,880 $26,880 $0
2015 $397 $15,360 $15,360 $0
2014 $397 $15,446 $15,360 $86
Source: Public Records

Agents Affiliated with this Home

  • Steven Izzat Real Estate Agent - RA Brokers

    Seller's Agent in 2019

    Steven Izzat

    RA Brokers

    (713) 320-5251

    2 in this area

    58 Total Sales

    Steven Izzat
    Section Image
  • Evan Compean Real Estate Agent - Compean Group

    Buyer's Agent in 2019

    Evan Compean

    Compean Group

    (832) 777-3904

    3 in this area

    207 Total Sales

    Evan Compean
    Section Image
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Map

Source: Houston Association of REALTORS®

MLS Number: 8628307

Houston Association of REALTORS®

APN: 0211270000003

Texas Harris County Houston 77022 Independence Heights

505 E 40th St, Houston, TX

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Houston Association of REALTORS® Copyright 2026, Houston REALTORS® Information Service, Inc.
The 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.
Information is deemed reliable but not guaranteed.

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