NoAgentList RatingHow are grades calculated?

222Days on Market

1view

$750,000

$760,000

1117 Potomac Dr Apt C, Houston, TX, 77057

$975,000 ARV

On Market

Price Drop

3 Beds

5 Bath

4,318 Sq Ft

Single Family Residence

$173.69 / sqft

Built in 1981

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher

FlooringBrick, Wood

Exterior

Private Pool

Lot Size3,254 sqft

Building Information

Year Built1981

Stories3

Garage Spaces2

Land Information

APN0761800480003

SubdivisionWesthaven Estates

Land UseResidential

Legal DescriptionTR 364C BLK 14 1117 POTOMAC T/H U/R WESTHAVEN ESTATES SEC 2

Census Tract431504

Assessed Land Value$227,850

Assessed Improvement Value$672,663

Assessment Year2025

About this property

Nestled in a Prime Gated community, this beautiful 3-story residence is located in one of Houston's most sought after neighborhood! Featuring a NEW Roof & Flooring, Pella windows & freshly painted interior for your peace of mind, & an Elevator ensuring effortless access thruout. 1st floor welcomes you w/TWO spacious ensuite bedrooms incl a generous storage closet ideal for your holiday gear! 2nd floor, enjoy a GRAND 2-story Living Room filled w/Natural Light, framed by Plantation Shutters. Don't miss the formal dining area, a versatile den or study & wet bar. Updated Chefs kitchen w/lots of counter space & storage, center island, dble ovens, gas cooktop & balcony for some fresh air. The 3rd floor is a True Owners Retreat complete w/private den, bar, fireplace, balcony. Spacious Primary suite, exec bath & dual closets. Step outdoors & unwind by the cocktail pool w/ a convenient half bath, Perfect for relaxation or entertaining. Equipped w/a sump pump system for optimal drainage. NO HOA.

Investor Tools

$425,824Estimated Mortgage Balance

$474,689Estimated Equity

52% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$975,000

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,403 /month

Positive

Cash Flow Estimate:

$1,801 /month

Interested in this property?

Vicky Halfon

Halfon Real Estate LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,091/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$8,591

$900,513

2025

$227,850

$672,663

$900,513

Tax History

Year

Tax Paid

Assessed Value

2024

$8,591

$900,513

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Trustmark National Bank

Conventional

$505,000

First

Oct 19, 2018

Nov 2048

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$425,824

$474,689

52%

47%

$3,028/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,620/mo

$3,028/mo

$-408/mo

3.5%

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