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$200,000

1015 Woodfield Ln, Houston, TX, 77073

$260,000 ARVInfo
PendingInfo
Beds4 Beds
Baths3 Bath
Baths2,488 Sq Ft
price_per_sqft$80.39 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringLaminate, Wood

Exterior

Lot Size9,618 sqft

Building Information

Year Built1969
Stories2
Garage Spaces3

Land Information

APN1004470000024
SubdivisionInverness Forest
Land UseResidential
Legal DescriptionTR 24B BLK 5 INVERNESS FOREST SEC 2
Census Tract240803
Assessed Land Value$44,695
Assessed Improvement Value$216,879
Assessment Year2025

About this property

Opportunity awaits in the highly desirable Inverness Forest community! Situated on a corner lot, this spacious two-story home is a diamond in the rough with incredible potential for buyers looking to renovate and build equity. The functional floor plan features multiple living and dining areas, generously sized rooms, and a spacious primary suite. The kitchen offers abundant cabinet storage and workspace, while the large backyard provides plenty of room for entertaining or future improvements. Homes in this established neighborhood are known for mature trees, generous lot sizes, and lasting appeal.Conveniently located with easy access to I-45, Beltway 8, FM 1960, shopping, dining, schools, and George Bush Intercontinental Airport (IAH). Whether you're an investor or owner-occupant looking to create your dream home, this is a rare opportunity to customize a property in a sought-after neighborhood. Property is being sold As-Is.

Investor Tools

$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$260,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$140/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$318
$261,574
2025
$44,695
$216,879
$261,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
$318
$261,574

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$750/mo
+$972/mo
7.6%

City: Houston

1015 Woodfield Ln | Property Details | No Agent List