B+

NoAgentList RatingHow are grades calculated?

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Owner Contacts

$439,000

NAL Estimated Property Value

1233 Hobbs Reach Ln, Houston, TX, 77008

Off Market

3 Beds

4 Bath

2,096 Sq Ft

Condos / Townhouses

$190.84 / sqft

Built in 2010

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size1,403 sqft

Building Information

Year Built2010

Garage Spaces1

Land Information

APN1295910010032

Lot Number32

SubdivisionBeall Addition 15 1/2 Street Amend

Land UseResidential

Legal DescriptionLT 32 BLK 1 BEALL ADDITION 15 1/2 STREET AMEND

Census Tract511201

Assessed Land Value$77,220

Assessed Improvement Value$318,564

Assessment Year2025

About this property

Nestled within a gated community, this classic 3-story townhome boasts unobstructed views of the green space owned by the SPJST Lodge and Heights Swim Club. The interior features beautiful oak hardwood flooring, high ceilings, granite countertops and stainless steel appliances. The current owner replaced all carpet November 2021, as well as the light fixtures in the kitchen and half bathroom. The interior was also recently repainted November 2021, providing the new owner a blank canvas to create a home of their own. This home is near the community park, as well as public parks, trails, multiple breweries, pubs and restaurants. Schedule your appointment today!

Investor Tools

$439,000

Estimated Property Value

$356,317Estimated Mortgage Balance

$82,683Estimated Equity

24% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,634 /month

Positive

Cash Flow Estimate:

$878 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$677/month

$1,750/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,935

$395,784

2025

$77,220

$318,564

$395,784

Tax History

Year

Tax Paid

Assessed Value

2024

$5,935

$395,784

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Everett Financial Inc

Conventional

$388,000

First

Jan 14, 2022

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$356,317

$114,683

24%

81%

$2,327/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,230/mo

$4,077/mo

$-1,847/mo

6.1%

Learn About the Market: Opportunity in Houston

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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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