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$500,000

1507 Shearn St, Hockley, TX, 77007

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,550 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$196.08 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Slate, Stone, Wood

Exterior

Exterior FeaturesBalcony
Lot Size2,039 sqft

Building Information

Year Built2008
Garage Spaces1

Land Information

APN1282590010006
Lot Number6
SubdivisionHouston Avenue Townhomes
Land UseResidential
Legal DescriptionLT 6 BLK 1 HOUSTON AVENUE T/H SEC 1
Census Tract510100
Assessed Land Value$145,600
Assessed Improvement Value$338,919
Assessment Year2025

About this property

Step into sophisticated urban living in this spacious multi-level home with AirBnB possibilities! This beauty features an open-concept design, high ceilings, hardwood and travertine flooring, and abundant storage throughout. The gourmet kitchen is designed for both entertaining and daily living with an oversized island / breakfast bar, granite countertops, custom cabinetry, and two pantries. Each bedroom offers the privacy of an en-suite bath, while multiple balconies extend the living space outdoors. Enjoy a generously sized landscaped yard, rooftop terrace with Downtown Houston views, and additional off-street parking. The home has been freshly painted and allows for the possibility of an elevator. Less than five minutes from Downtown, the Medical Center, major freeways, Buffalo Bayou Park, and a nearby bike trail just one block away. Best of all—no HOA! Come live your best life at 1507 Shearn Street.

Investor Tools

$293,879Estimated Mortgage Balance
$202,247Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

Interested in this property?

Tamela Waltz

RE/MAX Universal Northwest

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,942
$484,519
2025
$145,600
$338,919
$484,519
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,942
$484,519

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$368,050
No
First
Oct 27, 2016
Nov 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$293,879
$218,121
42%
60%
$2,207/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,207/mo
+$373/mo
6.3%

City: Hockley

1507 Shearn St | Property Details | No Agent List