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$322,000

NAL Estimated Property Value

1502 Summer Rain Dr, Kingwood, TX, 77339

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,231 Sq Ft
price_per_sqft$151.95 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Lot Size7,501 sqft

Building Information

Year Built1993
Garage Spaces2

Land Information

APN1177780010015
Lot Number15
SubdivisionKingwood Place Village
Land UseResidential
Legal DescriptionLT 15 BLK 1 KINGWOOD PLACE VILLAGE SEC 1
Census Tract251100
Assessed Land Value$72,300
Assessed Improvement Value$238,998
Assessment Year2025

About this property

Gorgeous single story, four-bedroom home with no back neighbors located in highly sought after up-front Kingwood. 10-foot ceilings, new floors (no carpet here). Granite counter tops, stainless appliances, large sitting room off of the kitchen, large living area, large primary bedroom, double sided fireplace, wonderfully landscaped, across from cul-de-sac, electrical connection for portable generator, full home surge protector, soft start for AC, within walking distance to the community park and pool, great for entertaining. Close to shopping, restaurants, medical facilities and 59/69. A MUST SEE!!

Investor Tools

Property Icon
$322,000
Estimated Property Value
$37,400Estimated Mortgage Balance
$284,600Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,034 /month
Positive
Cash Flow Estimate:
$678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,408
$311,298
2025
$72,300
$238,998
$311,298
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,408
$311,298

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Credit Line (Revolving) / Heloc
$38,425
No
First
Nov 13, 2024
Nov 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$37,400
$282,600
88%
12%
$231/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,670/mo
$981/mo
+$1,689/mo
10.0%

City: Kingwood

1502 Summer Rain Dr | Property Details | No Agent List