5,775 SF corner lot | Close to Med Center | 2403 Ruth | Houston, TX | $250,000
5,775 SF corner lot. No deed restrictions. Suitable for residential or commercial. Corner lot on Ruth and Emancipation. Large trees. Recently renovated neighbor. Not in flood zone. Massive new H-E-B in MacGregor marks milestone for area.
Economics: 14% annual increase in property tax values and single-family homes avg. sale price per SF.
Investor demographics: Washington Terrace has 79% employed in white collar job, 39% with at least undergraduate degrees. Compared to Houston, 19% higher undergraduate degree and 22% lower owner-occupied homes.
Outstanding location. Under 1 MI to Hermann Park, Museum District, TSU. Under 2 MI to Downtown, Texas Medical Center, UH Central Campus.
Easy access. 0.8 MI from 288 northbound and 0.9 MI from 288 southbound. Under 1 MI to US 69. 1.5 MI to I-45. 3.5 MI to I-610.
PICTURES
RESEARCH & ANALYSIS
FOR MORE INFORMATION
LARAMIE DRISCOLL, BS, ABR, BPOR, CIPS, GRI, Relocation Certified
Managing Partner
m +1 713.213.5960
o +1 713.591.9902
e laramie@swpre.com
w https://laramiedriscoll.swpre.com/
PDF DOWNLOADS
Pictures Pack Research & Analysis Pack Commercial Property Condition Statement
HARRIS COUNTY APPRAISAL DISTRICT DATA
Owner: Maura N. Polansky
Address: 2403 Ruth ST, Houston, TX 77004
Legal:
Property ID: 0611530000022
Legal Description: Lot 22 Block 14 Washington Terrace
State Class Code: C1 -- Real, Vacant Lots/Tracts (In City)
Land Use Code: 1000 -- Residential Vacant
Market Area: 130 -- 1C Midtown, Riverside Terrace, University Areas
Improvements: None
Land:
Size*: 0.133 acres | 5,775 SF | 0.054 hectares | 536.5 m2
*Calculations by SWPRE
Property Taxes:
Paid 2019: $2,670
2018 taxes without exemptions: $2,670
Tax Rate: 2.421583
Exemptions: No
DIRECTIONS
1.2 MI from State Highway 288 North at Binz ST/Calumet ST Exit
Travel north on Exit Ramp 0.3 MI
Merge on Service Road 0.4 MI
Continue on Hutchins ST 0.3 MI
Turn right (east) on Ruth ST 0.1 MI
Property on left with sign
1.1 MI from State Highway 288 South at Southmore ST/Calumet ST/Binz ST Exit
Exit toward Southmore ST/Calumet ST/Binz ST 0.5 MI
Merge onto Service RD 479'
Turn left (east) on Southmore BLVD 0.2 MI
Turn left (north) on Emancipation AVE 0.4 MI
Property on right at corner of Emancipation AVE and Ruth ST
3% BUYER BROKER COMMISSION
Only requirements for payment of 3% buyer broker commissions: Texas Broker License and submit contract that escrows, closes and funds.
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