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$1,350,000

1407 Richelieu Ln, Houston, TX, 77018

PendingInfo
Beds4 Beds
Baths3 Bath
Baths3,108 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$434.36 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Wine Refrigerator, Double Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,802 sqft

Building Information

Year Built2017
Stories1
Garage Spaces2

Land Information

APN0731000530020
Lot Number20
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 20 BLK 77 OAK FOREST SEC 9
Census Tract531700
Assessed Land Value$495,000
Assessed Improvement Value$610,978
Assessment Year2025

About this property

Welcome to 1407 Richelieu, where thoughtful upgrades and timeless design come together in the heart of Oak Forest. The open floor plan features soaring beamed ceilings, rich wood floors, custom millwor & walls of windows overlooking the resort-style backyard. The chef’s kitchen offers marble countertops, a large island, butler’s pantry with wine storage & a breakfast nook with custom built-in beach seating. Retreat to the first floor primary suite featuring a renovated custom closet and spa-inspired batroom. Upstairs offers a spacious game room and generously sized secondary bedrooms. Outside, enjoy a backyard with a covered patio, retractable awning that extends over the pool, custom pool fence, multiple seating areas, swingset & mature trees providing exceptional privacy. Additional highlights include a whole-home Generac generator with automatic transfer switch, upgraded laundry room with custom lockers, recently replaced downstairs evaporator coil and upstairs HVAC compressor.

Investor Tools

$559,722Estimated Mortgage Balance
$546,256Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,100 /month
Positive
Cash Flow Estimate:
$2,700 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,751/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,482
$1,105,978
2025
$495,000
$610,978
$1,105,978
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,482
$1,105,978

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nova Financial & Investment Corp
Conventional
$631,300
No
First
Sep 16, 2020
Oct 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$559,722
$546,256
49%
51%
$3,785/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$3,785/mo
$-1,559/mo
2.4%

Learn About the Market: Opportunity in Houston

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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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1407 Richelieu Ln | Property Details | No Agent List