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$2,274,000

12002 Homewood Ln, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,489 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$652.05 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size23,387 sqft

Building Information

Year Built1965
Stories2
Garage Spaces2

Land Information

APN0954080000001
Lot Number1
SubdivisionHomewood Lane Place
Land UseResidential
Legal DescriptionLT 1 HOMEWOOD LANE PLACE
Census Tract430600
Assessed Land Value$1,171,557
Assessed Improvement Value$410,985
Assessment Year2025

About this property

Located just steps from Bunker Hill Elementary, this beautifully renovated home blends timeless style with modern convenience. The inviting formal living room features a stunning cast stone fireplace, while the formal dining room is perfect for hosting. The gourmet kitchen boasts an eat-in banquet, honed Danby marble countertops, and a large walk-in pantry. A spacious family room addition with high ceilings provides the perfect gathering space. The first floor also offers a versatile office/flex room and a large storage closet. Upstairs, the generously sized primary suite includes two large closets and a luxuriously updated bathroom. A built-in desk space sits just outside the three secondary bedrooms. Situated on over half an acre, the backyard is an entertainer’s dream with a covered patio, outdoor kitchen, and play area. The converted garage offers a climate-controlled gameroom with AC, WiFi, and epoxy flooring, plus abundant attic storage. See updates list for more details!

Investor Tools

Property Icon
$2,274,000
Estimated Property Value
$2,115,000Estimated Mortgage Balance
$183,488Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,650 /month
Positive
Cash Flow Estimate:
$4,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,225
$1,582,542
2025
$1,171,557
$410,985
$1,582,542
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,225
$1,582,542

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$2,115,000
No
First
Apr 30, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,090,512
$563,488
21%
92%
$13,718/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$13,718/mo
$-10,468/mo
1.7%

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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12002 Homewood Ln | Property Details | No Agent List