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$1,600,000

NAL Estimated Property Value

1244 Richelieu Ln, Houston, TX, 77018

Off MarketInfo
Beds5 Beds
Baths6 Bath
Baths4,458 Sq Ft
price_per_sqft$379.09 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size7,261 sqft

Building Information

Year Built2023
Stories1
Garage Spaces2

Land Information

APN0731000170039
Lot Number39
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 39 BLK 34 OAK FOREST SEC 3
Census Tract531700
Assessed Land Value$477,147
Assessed Improvement Value$1,105,485
Assessment Year2025

About this property

Another NEW Stunning home by NEW OAK HOMES! 5 bed, 5 full bath, formal dining, formal study, wine grotto, massive master retreat, Pool bath, outdoor kitchen, and room for a pool! This beautiful home has hardwood floors throughout. Solid Wood Custom Cabinetry, Chef Kitchen, 48 inch Range Stainless appliances, double ovens, wine grotto/chiller, 10ft island, crown molding and custom trim work, designer plumbing fixtures, walls of windows offering tons of natural light. Master Retreat offers private coffee/wine bar, huge walk-in closet, massive shower, separate soaking tub, his and her vanities. Oversized secondary bedrooms all w/private baths. Mudroom entry. Large laundry room up. Alarm and security cameras included, wired for surround sound inside and out. Upgraded 6" exterior walls, foam spray insulation including garage, tankless water heaters, whole home dehumidification system w/upgraded HVAC. 10 YEAR WARRANTY! Smart Home and Generator Ready!

Investor Tools

Property Icon
$1,600,000
Estimated Property Value
$1,263,712Estimated Mortgage Balance
$336,288Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,140 /month
Positive
Cash Flow Estimate:
$3,380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,636/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$23,631
$1,582,632
2025
$477,147
$1,105,485
$1,582,632
No

Tax History

Year
Tax Paid
Assessed Value
2024
$23,631
$1,582,632

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$1,323,785
No
First
Nov 16, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,263,712
$325,288
20%
79%
$7,937/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$7,937/mo
$-5,711/mo
1.7%

City: Houston

1244 Richelieu Ln | Property Details | No Agent List