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$468,000

NAL Estimated Property Value

1213 Hobbs Reach Ln, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,096 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.53 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,403 sqft

Building Information

Year Built2010
Garage Spaces1

Land Information

APN1295910010027
Lot Number27
SubdivisionBeall Addition 15 1/2 Street Amend
Land UseResidential
Legal DescriptionLT 27 BLK 1 BEALL ADDITION 15 1/2 STREET AMEND
Census Tract511201
Assessed Land Value$77,220
Assessed Improvement Value$374,198
Assessment Year2025

About this property

Are you seeking for a blend of comfort, elegance and convenience in a desirable location? Here it is! Situated in a gated community, this townhome offers a sense of security and exclusivity. Its proximity to TC Jester Blvd provides easy access to major routes like I-10 and 610 making commuting convenient. Rich hardwood floors throughout the main living areas create a warm and inviting atmosphere. The large den with high ceilings and abundant natural light provides a great space for relaxation or entertainment. Island kitchen features granite countertops & stainless steel appliances, combining functionality with modern features. The breakfast area opens up to a balcony offering a view of the green field behind the property. Spacious primary bedrm with large closet space. Primary bathrm features 2 vanities, separate shower and a jetted tub. Additionally, there are two secondary bedrms, one located on the first floor, both with private bathrms. Refrigerator, washer & dryer are included.

Investor Tools

Property Icon
$468,000
Estimated Property Value
$27,978Estimated Mortgage Balance
$440,022Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,808 /month
Positive
Cash Flow Estimate:
$936 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$964/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,225
$451,418
2025
$77,220
$374,198
$451,418
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,225
$451,418

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$241,600
No
First
Mar 27, 2012
Apr 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$27,978
$479,022
94%
6%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
N/A
+$2,230/mo
5.7%

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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1213 Hobbs Reach Ln | Property Details | No Agent List