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$334,000

NAL Estimated Property Value

148 Litchfield Ln, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,779 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$185.22 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Trash Compactor, Microwave, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,677 sqft

Building Information

Year Built1977

Land Information

APN1062130000175
SubdivisionEthans Glen
Land UseResidential
Legal DescriptionUNIT 175 ETHANS GLEN SEC 3 R/P
Census Tract430900
Assessed Land Value$128,520
Assessed Improvement Value$192,990
Assessment Year2025

About this property

Fantastic opportunity in MEMORIAL! Spacious 3 bedrooms with an open floor plan, this beautifully maintained 3/2.5 town home with hardwood and custom tile flooring throughout is quietly nestled in the desirable Ethan's Glen in the heart of prestigious Memorial area. Large living with high ceiling and a wood burning fireplace. Kitchen with granite countertops and custom cabinets, stainless steel appliances. Oversized patio deck with private walkway overlooks tranquil wooded area and perfect for relaxing or outdoor entertaining. Ethan's Glenn is one of the best kept secrets in the Memorial area. Residents of this community enjoy a spring fed lake, walking trails, tennis court and a swimming pool, you'll never want to leave home ! The neighborhood's assigned school are recognized as National Blue Ribbon Schools for the exceptional academic performance. Memorial City Mall, City Center and Memorial Herman Hospital are just a few minutes away. Don't miss this one !!

Investor Tools

Property Icon
$334,000
Estimated Property Value
$255,920Estimated Mortgage Balance
$78,080Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,004 /month
Positive
Cash Flow Estimate:
$668 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$363/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,684
$321,510
2025
$128,520
$192,990
$321,510
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,684
$321,510

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Broker Solutions Inc
Conventional
$283,500
No
First
Apr 20, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,920
$95,080
27%
77%
$1,700/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$2,200/mo
+$320/mo
9.1%

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.

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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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148 Litchfield Ln | Property Details | No Agent List