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$500,000

NAL Estimated Property Value

1038 Lamonte Ln, Houston, TX, 77018

SoldInfo
7/16/26
Beds2 Beds
Baths1 Bath
Baths1,031 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$484.97 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Gas Range
FlooringTile, Wood

Exterior

Lot Size7,301 sqft

Building Information

Year Built1946
Stories1
Garage Spaces1

Land Information

APN0660460540010
Lot Number10
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionLT 10 BLK 54 GARDEN OAKS SEC 5
Census Tract531000
Assessed Land Value$446,760
Assessed Improvement Value$20,329
Assessment Year2025

About this property

This classic Garden Oaks cottage sits close in with easy access to downtown, shopping, and dining, and the inside delivers. Hardwood floors run throughout, crown molding carries through the main living areas, and an updated kitchen and bath mean the work is already done. The front bedroom has built-in bookshelves and dual windows that bring in natural light. French doors off the dining room open to a large composite wood deck and a lush, fully fenced backyard complete with a stone patio. Schedule your private showing today.

Investor Tools

Property Icon
$500,000
Estimated Property Value
$231,825Estimated Mortgage Balance
$268,175Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$695/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,840
$467,089
2025
$446,760
$20,329
$467,089
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,840
$467,089

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$285,850
No
First
Jun 30, 2017
Jul 2032

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,825
$268,175
53%
46%
$1,714/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,714/mo
$-407/mo
3.1%

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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1038 Lamonte Ln | Property Details | No Agent List