ΣΧ  Epsilon Xi House Hunt

Property review · colgate-4020

4020 Colgate St

Houston, TX 77087 · Existing single-family home · Conditional

$339,000Asking price / reported value0.2961 ac12,900 sq ft lot2,050 sq ftExisting building53/100Provisional score · 2 unverified categories

Listing: Shown active for sale at $339,000 in current HAR/Realtor indexing; reconfirm before action. Verification: UNVERIFIED listing; ESTIMATED route; UNKNOWN flood; UNKNOWN legal use.

Getting to UH

Closest practical point: C. T. Bauer College of Business · UH

Quickest observed drive: 6.3 mi · 12 min observed

Peak weekday: UNKNOWN — departure-time estimate pending

Via I-45 North. Google Maps identified this as the fastest route under usual traffic in the current Sunday snapshot.

Google Maps driving directions · checked 20 Sep 2026

Open live directions

Listing & photos

Source listingSource gallery

Property & potential

A two-story, 3-bedroom, 2.5-bath single-family home on a listed 12,900-square-foot Park Place lot. The existing home and sub-$350,000 ask make it worth comparing, but the residential layout does not establish 10+ bed capacity, legal fraternity use, chapter space or adequate event parking.

Building: 2050 sq ft · Year built: 1995 · Beds/baths: UNKNOWN — research pending / UNKNOWN — research pending

Parking, housing, chapter/event capacity: UNKNOWN parking; UNKNOWN housing. Read the findings below; no legal capacity is inferred.

Potential plan: Test the existing home as a renovation/adaptive-use option, but do not assume the current 3-bedroom layout can serve the housing goal. A measured-plan and survey-based concept must prove bedrooms, bathrooms, chapter space, parking, drainage and fire access.

Overall view: Conditional — the $339,000 ask, existing 2,050-square-foot home and oversized residential lot justify comparison. The principal risks are whether chapter uses are lawful and whether this 0.296-acre site can realistically support 10+ residents, meetings and parking without an impractical reconstruction.

Flood, legal use & transit

Flood: UNKNOWN; FEMA and Harris County status must be checked by parcel. Flood-insurance quote: UNKNOWN.

Deed/HOA restrictions: UNKNOWN; fraternity residential/assembly use: UNKNOWN.

Transit: UNKNOWN — review listing notes and METRO source. Safety: Site-specific assessment not established unless recorded below.

Location pin: 29.6828129, -95.2819232 (Google Maps address point; survey placement remains pending).

Findings, sources & due diligence

Existing building and housing capacity · Known starting point

HAR reports a 2,050-square-foot, two-story house with 3 bedrooms and 2.5 bathrooms. That is useful existing space, but it does not currently demonstrate the 10+ legal and comfortable resident capacity sought for the chapter.

Next: Obtain measured plans and have an architect/code professional test bedroom count, bathrooms, egress, fire protection and occupant load.

Source: HAR listing · MLS 2613606 View source

Lot, parking and chapter function · Likely constraint

The listed 12,900-square-foot lot is about 0.296 acre. The listing describes room for expansion or additional parking, but no scaled plan shows housing, full-chapter meeting space, drainage, emergency access and event parking together.

Next: Confirm the survey and existing parking count, then prepare a concept plan before relying on expansion or parking claims.

Source: HAR listed lot area and marketing remarks View source

Legal fraternity use · Unverified

The property is listed as single-family. Recorded restrictions, occupancy classification and approval for fraternity residence, meetings and events have not been reviewed.

Next: Obtain the title commitment and restrictions and seek written use, occupancy, fire and life-safety guidance for the proposed program.

Source: Title and permitting review pending View source

Flood, drainage and insurance · Unverified

No parcel-level FEMA determination, drainage history, prior-loss information, elevation review or insurance indication has been recorded for this option.

Next: Check FEMA and Harris County mapping, inspect drainage conditions and obtain property, flood and liability insurance indications.

Source: Property-specific diligence pending View source

Location, transit and safety · Route measured

At the requested UH destination, Google Maps showed a 6.3-mile, 12-minute current drive to the C. T. Bauer College of Business via I-45 North. Weekday peak traffic, transit service, lighting and block-level safety conditions remain unverified.

Next: Record weekday morning and evening peak estimates, map transit and visit the block during day and evening conditions.

Source: Google Maps current driving directions · 20 Sep 2026 View source

Owner diligence statuses and private notes are available in the interactive review; the public page presents the source-backed findings above.

Score categories

The eight-category model totals 250 raw points and is normalized to 100. Unknown evidence lowers confidence and does not override a feasibility barrier.

  1. utility: 28 points · Preliminary

    Facility and site utility received 28 of 50 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  2. value: 35 points · Preliminary

    Value and financial fit received 35 of 45 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  3. location: 13 points · Preliminary

    Location and UH proximity received 13 of 40 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  4. growth: 15 points · Preliminary

    Long-term growth potential received 15 of 35 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  5. parking: 9 points · Unverified

    Parking and access received 9 of 25 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  6. flood: 10 points · Unverified

    Flood resilience received 10 of 20 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  7. safety: 10 points · Preliminary

    Safety received 10 of 20 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.
  8. development: 13 points · Preliminary

    Development burden and readiness received 13 of 15 points in the finalized Scoring Help assessment. Affordable and relatively ready, but it does not solve enough of the chapter’s event, parking, housing, and long-term needs.

    Evidence: Finalized Epsilon Xi Scoring Help assessment dated 2026-09-21; underlying property facts remain subject to the listed verification status.