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$849,000

1006 Richelieu Ln, Houston, TX, 77018

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,353 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$303.82 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size8,751 sqft

Building Information

Year Built1974
Stories1
Garage Spaces2

Land Information

APN1010770000736
Lot Number736
SubdivisionShepherd Park Plaza
Land UseResidential
Legal DescriptionLT 736 BLK 24 SHEPHERD PARK PLAZA SEC 4
Census Tract530900
Assessed Land Value$336,000
Assessed Improvement Value$451,908
Assessment Year2025

About this property

COME SEE and COME BUY in highly sought after Shepherd Park Plaza! This 4 bedroom, 2.5 bathroom was completely updated in 2019 (per seller). The home boasts an open concept floor plan with engineered hardwood floors, high beamed ceiling in family room, plantation shutters throughout & a beautiful kitchen. There is a bonus room in the front that can be used as an office, study, playroom, or workout room. The kitchen is a chef's dream that boasts stainless appliances, gas cooking, spacious island w/quartz countertops & tons of storage. The primary suite is large enough for a small sitting area & opens to the backyard. The primary bathroom has two spacious walk in closets, walk in shower, & quartz counters. There are 3 large secondary bedrooms that share a hall bathroom. The back yard is large & will be a great place to entertain or play or to install a pool. The home has a 3-car garage & is still large enough for a work area. Make your appointment today to see this lovely home!

Investor Tools

Property Icon
$849,000
Estimated Property Value
$464,750Estimated Mortgage Balance
$416,702Estimated Equity
45% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,094 /month
Positive
Cash Flow Estimate:
$1,698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,382/month
$30/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,343
$787,908
2025
$336,000
$451,908
$787,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,343
$787,908

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$464,750
No
First
Aug 19, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$432,298
$438,702
50%
51%
$2,787/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$2,817/mo
$-1,095/mo
2.4%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1006 Richelieu Ln | Property Details | No Agent List