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Owner Contacts

$247,643

NAL Estimated Property Value

13402 Meisterwood Dr, Houston, TX, 77065

Off Market

3 Beds

2 Bath

1,695 Sq Ft

$117.4 / sqft

Built in 1979

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesBuilt-In Electric Oven, Dishwasher, Disposal, Electric Range, Free-Standing Range

FlooringCarpet, Tile

Exterior

Private Pool

Exterior FeaturesNone

Lot Size8,625 sqft

Building Information

Year Built1979

Stories1

Garage Spaces2

Land Information

APN1113940000027

Lot Number27

SubdivisionMeisterwood R/P

Land UseResidential

Legal DescriptionLT 27 BLK 4 MEISTERWOOD R/P

Census Tract552103

Assessed Land Value$60,116

Assessed Improvement Value$187,527

Assessment Year2025

About this property

Bank-Owned REO – Investor’s Opportunity in Meisterwood! Bring your vision to life with this 3-bedroom, 2-bathroom bank-owned property in Houston’s sought-after Meisterwood neighborhood. With vaulted ceilings and an open layout, this spacious home is ready for your personal touch. Features: • Partially demoed kitchen and bathrooms – a blank canvas for your upgrades. • Generous backyard with in-ground pool – perfect for entertaining. • Attached garage and driveway for convenience. Being sold AS-IS by the bank, this REO property is priced to sell – cash or conventional financing only. Don’t miss out – schedule your tour today!

Investor Tools

$247,643

Estimated Property Value

$147,224Estimated Mortgage Balance

$100,668Estimated Equity

40% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,486 /month

Positive

Cash Flow Estimate:

$495 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$269/month

$32/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,987

$247,643

2025

$60,116

$187,527

$247,643

Tax History

Year

Tax Paid

Assessed Value

2024

$1,987

$247,643

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Citadel Servicing Corporation

Commercial

$155,000

First

Jul 24, 2023

Aug 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$147,224

$100,419

40%

59%

$930/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,940/mo

$962/mo

+$978/mo

9.4%

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