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Owner Contacts

$459,000

1510 Reseda Drive, Houston, TX, 77062

Off Market

7 Beds

7 Bath

3,800 Sq Ft

Single Family Residence

$125 / sqft

Built in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 7

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

Exterior

Lot Size10,467 sqft

Building Information

Year Built1960

Garage Spaces2

Land Information

APN0962750000028

Lot Number28

SubdivisionClear Lake City

Land UseResidential

Legal DescriptionLT 28 BLK 8 CLEAR LAKE CITY SEC 1

Census Tract340502

Assessed Land Value$63,686

Assessed Improvement Value$377,642

Assessment Year2025

About this property

This lovely 1960 custom Clear Lake treasure features 7 bedrooms and 4 full & 3 half baths. Two mother in law suites in detached garage. Two utility rooms: one in the main home and one in the garage. Amazing backyard with access to the Exploration Green Phase 1; there are 5 lakes and 5 phases. 3800 sf living space on the property including detached garage units. Sewer line updated 2018. Roofs replaced in 2008. This home is perfect for multi-generational family. Both MIL suites have separate entrances. Extra wide driveway for extra parking. Home has separate 5 ton AC in main home, 4 ton in duplex. In 2017-2018 removed aluminum wiring in main home and the garage. Installed new copper wiring and pex plumbing. 2019 main home received 5 ton AC and duplex in 2017. Foundation was built with piers. This home is the highest point of Reseda, home has never flooded per neighbor who's father built this home.

Investor Tools

$459,000

Estimated Property Value

$0Estimated Mortgage Balance

$60,637Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,850 /month

Positive

Cash Flow Estimate:

$950 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$576/month

$83/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,623

$441,328

2025

$63,686

$377,642

$441,328

Tax History

Year

Tax Paid

Assessed Value

2024

$4,623

$441,328

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Houston Moneymakers Inc

Purchase Money Mortgage

$427,500

First

Sep 14, 2022

Oct 2027

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$398,363

$60,637

13%

87%

$2,564/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$2,647/mo

$-421/mo

5.8%

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