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$178,000

NAL Estimated Property Value

1505 Locklaine Dr, Pasadena, TX, 77502

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,224 Sq Ft
price_per_sqft$146.98 / sqft
Year BuiltBuilt in 1952

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDisposal, Gas Oven, Microwave, Dishwasher
FlooringVinyl

Exterior

Lot Size6,617 sqft

Building Information

Year Built1952
Stories1
Garage Spaces2

Land Information

APN0772670000126
Lot Number126
SubdivisionPasadena Oaks
Land UseResidential
Legal DescriptionLT 126 PASADENA OAKS
Census Tract321600
Assessed Land Value$50,495
Assessed Improvement Value$95,114
Assessment Year2025

About this property

Recently renovated Single-Family home on Locklaine Dr. Boasting 3 beds, 1 bath, 1224 sq ft, built in 1952. Updates include new paint, bathtub, faucets, laminate flooring, kitchen cabinets, and granite countertops. Enjoy the spacious fenced yard for outdoor activities. Conveniently located near shopping and freeway access, making it an ideal Starter Home. Priced at 179900 on a 6618 sq ft lot. This move-in ready property with modern upgrades and a large yard is a must-see for buyers looking for a cozy home with contemporary features.

Investor Tools

Property Icon
$178,000
Estimated Property Value
$78,161Estimated Mortgage Balance
$99,839Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,079 /month
Positive
Cash Flow Estimate:
$360 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,791
$145,609
2025
$50,495
$95,114
$145,609
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,791
$145,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Access Reverse Mortgage Of Houston
Reverse Mortgage / Hecm
$135,000
No
First
Jan 8, 2007
Sep 2080

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,161
$99,839
56%
44%
$853/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$853/mo
+$454/mo
8.8%

City: Pasadena

1505 Locklaine Dr | Property Details | No Agent List