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$285,000

12503 Millbanks Dr, Houston, TX, 77031

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,797 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.6 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringLaminate

Exterior

Lot Size7,588 sqft

Building Information

Year Built1973
Stories1
Garage Spaces2

Land Information

APN1054770000011
Lot Number11
SubdivisionGlenshire
Land UseResidential
Legal DescriptionLT 11 BLK 18 GLENSHIRE SEC 5
Census Tract440102
Assessed Land Value$65,788
Assessed Improvement Value$187,487
Assessment Year2025

About this property

Welcome to 12503 Millbanks Drive, a charming one-story brick home offering 3 bedrooms, 2 full bathrooms, and approximately 1,797 square feet of comfortable living space. Step inside to discover a spacious living area with a cozy fireplace, attractive laminate flooring, ceiling fans, and plenty of natural light. The home also features a dedicated dining space, a functional galley-style kitchen with generous cabinetry, and well-sized bedrooms that provide flexibility for family, guests, or a home office. Outside, enjoy a large, fully fenced backyard with plenty of room for entertaining, gardening, pets, or future outdoor improvements. A private driveway and detached two-car garage provide additional parking and storage. Conveniently located with easy access to Beltway 8 and W Bellfort Avenue, this property offers space, character, and an excellent opportunity to make it your own. Schedule your private showing today and imagine the possibilities!

Investor Tools

$188,959Estimated Mortgage Balance
$64,316Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,710 /month
Positive
Cash Flow Estimate:
$570 /month

Interested in this property?

Melissa Rey

Step Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$515/month
$550/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,915
$253,275
2025
$65,788
$187,487
$253,275
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,915
$253,275

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hau Duy Trinity
Seller Carryback / Seller Financing / Seller Take-Back
$205,000
No
First
Apr 20, 2022
May 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$188,959
$64,316
25%
75%
$1,230/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,780/mo
$-58/mo
8.2%

City: Houston

12503 Millbanks Dr | Property Details | No Agent List