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$475,168

1248 Hobbs Reach Ln, Houston, TX, 77008

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,088 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.33 / sqft
Year BuiltBuilt in 2011

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,694 sqft

Building Information

Year Built2011
Garage Spaces1

Land Information

APN1295910040023
Lot Number23
SubdivisionBeall Addition 15 1/2 Street Amend
Land UseResidential
Legal DescriptionLT 23 BLK 4 BEALL ADDITION 15 1/2 STREET AMEND
Census Tract511201
Assessed Land Value$93,115
Assessed Improvement Value$382,053
Assessment Year2025

About this property

MUST SEE! Welcome to this beautiful and well-maintained, free-standing, home. Nestled in Shady Acers in a gated community proximity to great restaurants, shopping, parks, hike and bike trail, and nightlife. This home features 3 large bedrooms with en-suites bathrooms. There is a side yard perfectly sized for your furry friends. The 1st floor bedroom can be used for a guest bedroom or office with built in desk. 2nd floor is perfect for entertaining / hosting with a large balcony and natural hardwood floors throughout. Tons of natural light with soaring ceilings, and large kitchen island with a farm style sink. 3rd floor features the 2nd guest bedroom and Primary bedroom. The primary bathroom comes with separated jet soaking tub and shower. The Primary bedroom also features a stunning custom closet styled after a designer clothing showroom. Easy Access to I-10, 610.

Investor Tools

Property Icon
$475,168
Estimated Property Value
$0Estimated Mortgage Balance
$475,168Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,851 /month
Positive
Cash Flow Estimate:
$950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,000/month
$1,848/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,624
$475,168
2025
$93,115
$382,053
$475,168
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,624
$475,168

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$495,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$1,848/mo
+$382/mo
5.6%

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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1248 Hobbs Reach Ln | Property Details | No Agent List