Street View

B+

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Owner Contacts

$468,000

1221 Hobbs Reach Ln, Houston, TX, 77008

Off Market

3 Beds

4 Bath

2,096 Sq Ft

Condos / Townhouses

$185.83 / sqft

Built in 2010

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,403 sqft

Building Information

Year Built2010

Garage Spaces1

Land Information

APN1295910010029

Lot Number29

SubdivisionBeall Addition 15 1/2 Street Amend

Land UseResidential

Legal DescriptionLT 29 BLK 1 BEALL ADDITION 15 1/2 STREET AMEND

Census Tract511201

Assessed Land Value$77,220

Assessed Improvement Value$346,067

Assessment Year2025

About this property

Introducing a craftsman, cottage-style townhome in the heart of Shady Acres!! This spacious property is perfect for roommates or your expanding family. Complete with 3 bedrooms, 3 en-suite baths and a fabulous 2nd floor that's open and perfect for entertaining. This incredible townhome sits secure in a gated community in walking distance to New Magnolia Brewing, Eureka Heights Brew, Bungalow Heights, Wicklow Heights, Hubcap Grill, Preslee's and the beautiful hike/bike trails known to the Heights in Houston. Notable features include an attached 2 car garage w/new garage access pad, ('21) recent AC and coils, new smoke/carbon monoxide alarms, custom bar shelf in the den, fresh paint on exterior porch and balcony, a private fenced patio, stunning views of SPJST Lodge and the privacy of no rear neighbors. This is the home of your dreams! Call for your appointment today.

Investor Tools

$468,000

Estimated Property Value

$364,720Estimated Mortgage Balance

$138,119Estimated Equity

22% 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

$749/month

$1,788/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,653

$423,287

2025

$77,220

$346,067

$423,287

Tax History

Year

Tax Paid

Assessed Value

2024

$6,653

$423,287

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nfm Inc

Conventional

$364,720

First

May 3, 2021

Jun 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$329,881

$152,119

31%

70%

$2,187/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$3,975/mo

$-1,745/mo

5.7%

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.

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