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$702,000

NAL Estimated Property Value

1039 Lamonte Ln, Houston, TX, 77018

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,036 Sq Ft
price_per_sqft$361 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Gas Oven, Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Lot Size7,610 sqft

Building Information

Year Built1947
Stories1
Garage Spaces1

Land Information

APN0660460530035
Lot Number35
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionLT 35 BLK 53 GARDEN OAKS SEC 5
Census Tract531000
Assessed Land Value$453,300
Assessed Improvement Value$199,108
Assessment Year2025

About this property

You'll absolutely love the charm of 1039 Lamonte Lane! Expanded and updated in 2019, you can have the peace of mind that everything needing attention received it. Upgrades include but are not limited to a primary suite addition, remodeled kitchen, refinished natural hardwood floors, updated bathrooms, appliances, electrical, interior plumbing, under-slab plumbing, roof, and much more. This 3 bedroom/3 bathroom ranch-style home has it all! You'll appreciated the open living floor plan but with room separation and flexibility of uses. Step outside and enjoy protection from the weather on the covered patio, overlooking the plush yard, complete with upgraded drainage and sod. The home is hard-wired for a portable generator connection, perfect in inclement weather, and offers a detached workshop/shed that could easily be insulated and conditioned for more permanent use or converted back into a 1-car garage.

Investor Tools

Property Icon
$702,000
Estimated Property Value
$1,127,498Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,410 /month
Positive
Cash Flow Estimate:
$1,470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,045
$652,408
2025
$453,300
$199,108
$652,408
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,045
$652,408

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bay Cu
Conventional
$570,400
No
First
Sep 18, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,127,498
N/A
0%
161%
$6,840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$6,840/mo
$-5,533/mo
2.2%

Learn About the Market: Opportunity in Houston

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Explore

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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1039 Lamonte Ln | Property Details | No Agent List