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$249,389

NAL Estimated Property Value

12926 Iris Garden Ln, Houston, TX, 77044

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,856 Sq Ft
price_per_sqft$137.39 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Vinyl

Exterior

Lot Size2,601 sqft

Building Information

Year Built2008
Garage Spaces2

Land Information

APN1285960010029
Lot Number29
SubdivisionSummerwood Amended #1
Land UseResidential
Legal DescriptionLT 29 BLK 1 SUMMERWOOD SEC 31 AMEND NO 1
Census Tract252002
Assessed Land Value$37,650
Assessed Improvement Value$211,739
Assessment Year2025

About this property

Welcome to this stunning townhome located in the desirable Summerwood master-planned community. This home boasts a spacious and inviting floor plan, perfect for modern living. With 3 bedrooms and 2.5 baths and a 2 car garage, there is plenty of room for everyone. Upon entering, you'll be captivated by the stylish design and attention to detail. The living room offers ample space for relaxation and entertainment, while the loft provides a versatile area that can be transformed to suit your needs. The kitchen is a true chef's delight, with an island for added workspace and casual dining. The wrought iron spindle staircase is breathtaking. The vinyl plank wood-look flooring adds a touch of sophistication and is not only visually appealing but also low maintenance—a perfect choice for those seeking both style and practicality. In the Summerwood master-planned community, you'll have access to a range of amenities, parks, walking trails, and community events. Schedule a viewing today!

Investor Tools

Property Icon
$249,389
Estimated Property Value
$240,163Estimated Mortgage Balance
$9,226Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,530 /month
Positive
Cash Flow Estimate:
$510 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
$188/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,568
$249,389
2025
$37,650
$211,739
$249,389
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,568
$249,389

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
J S C Federal Credit Union
Conventional
$252,000
No
First
Oct 10, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$240,163
$9,226
3%
96%
$1,511/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,160/mo
$1,699/mo
+$461/mo
10.4%

City: Houston

12926 Iris Garden Ln | Property Details | No Agent List