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$289,900

1118 Marne Lane, Houston, TX, 77090

On MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,616 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.82 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringLaminate

Exterior

Exterior FeaturesBalcony
Lot Size9,749 sqft

Building Information

Year Built1969
Stories2
Garage Spaces2

Land Information

APN1013370000065
Lot Number65
SubdivisionWestador
Land UseResidential
Legal DescriptionLT 65 BLK 11 WESTADOR SEC 1
Census Tract553201
Assessed Land Value$50,213
Assessed Improvement Value$220,478
Assessment Year2025

About this property

Remodeled 5-bedroom, 2.5-bath home with a low tax rate of 2.0975% and never flooding. The primary bedroom is conveniently located on the first floor. Features include a formal dining room, formal living room, and an additional family room with a fireplace. The kitchen was updated in 2023 and offers beautiful quartz countertops. Major updates include a roof replacement in 2016, A/C unit and thermostat replacement in 2020, and foundation repairs with a transferable warranty completed in 2023. Energy-efficient double-pane windows throughout the home help reduce utility costs. Additional improvements include new laminate flooring and updated bathrooms. The property also features a detached garage and a private outdoor sauna in the backyard.

Investor Tools

$249,194Estimated Mortgage Balance
$21,497Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,739 /month
Positive
Cash Flow Estimate:
$580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$134/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$252
$270,691
2025
$50,213
$220,478
$270,691
No

Tax History

Year
Tax Paid
Assessed Value
2024
$252
$270,691

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Carolcorp Inc
Conventional
$263,700
No
First
Jun 30, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$249,194
$21,497
7%
92%
$1,582/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$2,182/mo
$-392/mo
7.9%

City: Houston