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$1,199,000

1031 Richelieu Ln, Houston, TX, 77018

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,532 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.47 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile, Wood, Vinyl

Exterior

Exterior FeaturesBalcony
Lot Size8,751 sqft

Building Information

Year Built1970
Stories1
Garage Spaces2

Land Information

APN1010710000753
Lot Number753
SubdivisionShepherd Park Plaza
Land UseResidential
Legal DescriptionLT 753 BLK 18 SHEPHERD PARK PLAZA SEC 4
Census Tract530900
Assessed Land Value$336,000
Assessed Improvement Value$534,290
Assessment Year2025

About this property

Welcome to 1031 Richelieu, extensively remodeled to the studs and practically perfect in every way. Thoughtful design meets modern function in this reimagined Shepherd Park Plaza home, featuring a showpiece Taj Mahal quartzite island kitchen, statement smart-home fireplace, formal dining, three first-floor bedrooms, 2.5 beautifully redesigned baths and curated finishes throughout. An enchanting extra: rare two-bedroom, 1-bath suite/quarters with in-unit laundry, offering incredible flexibility for guests, work or multigenerational living. Major improvements include new roof, electrical, HVAC and ducting, plus a covered patio and no carpet. From beautiful finishes to flexible spaces, every detail was thoughtfully considered. To all who come to this happy place, welcome.

Investor Tools

$515,887Estimated Mortgage Balance
$870,290Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

Interested in this property?

James Valles

R.E.D. Right Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$978/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,388
$870,290
2025
$336,000
$534,290
$870,290
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,388
$870,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$529,200
No
First
Dec 16, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$515,887
$354,403
40%
59%
$3,173/mo

City: Houston

1031 Richelieu Ln | Property Details | No Agent List