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$273,771

NAL Estimated Property Value

12403 Millbanks Dr, Houston, TX, 77031

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,024 Sq Ft
price_per_sqft$147.73 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,403 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN1047360000001
Lot Number1
SubdivisionGlenshire
Land UseResidential
Legal DescriptionLT 1 BLK 18 GLENSHIRE SEC 3
Census Tract440102
Assessed Land Value$68,850
Assessed Improvement Value$204,921
Assessment Year2025

About this property

Welcome to 12403 Millbanks, this well-maintained brick ranch home is located in desirable Glenshire Subdivision. With 4 bedrooms including a generous primary suite, 2 1/2 baths, this spacious corner lot home with detached 2 car garage has abundant natural light, a gorgeous fireplace, and a classic open kitchen full of character and warmth with its vintage wood cabinets. The personal touch you'll add to this home will be enhanced by the high standard of craftmanship that was standard in 1973. The huge fenced backyard with covered patio is the perfect place for entertaining and decompressing from the pace of modern life.

Investor Tools

Property Icon
$273,771
Estimated Property Value
$253,919Estimated Mortgage Balance
$19,852Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$175/month
$535/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$729
$273,771
2025
$68,850
$204,921
$273,771
No

Tax History

Year
Tax Paid
Assessed Value
2024
$729
$273,771

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$265,109
Yes
First
Jan 4, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,919
$19,852
7%
93%
$1,590/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,125/mo
+$101/mo
9.8%

City: Houston

12403 Millbanks Dr | Property Details | No Agent List