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$361,000

NAL Estimated Property Value

1518 Festival Dr, Houston, TX, 77062

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,808 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$113.25 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size9,448 sqft

Building Information

Year Built1968
Garage Spaces2

Land Information

APN0964860000681
SubdivisionClear Lake City
Land UseResidential
Legal DescriptionTRS 681 & 682A BLK 45 CLEAR LAKE CITY SEC 3
Census Tract340501
Assessed Land Value$60,244
Assessed Improvement Value$276,165
Assessment Year2025

About this property

Wonderful 4/5 bedroom two story features a plan with the primary and another bedroom(study) down plus a large game room and den down. The long time owners have done extensive updates. The kitchen and half bath have granite countertops plus replaced appliances and ceramic tile floors. There are double-paned windows, , Pex pipes, 50 year roof, replaced gutters, vinyl siding, replaced exterior and interior doors, and hard plank siding on the garage and exterior entry. The back yard has an iron fence and gate, and there are replaced cement patio, driveway,and sidewalks. The garage shop has LED Shop lights, and the entire downstairs has tile. The upstairs bedrooms are huge, and the master has a large replaced shower. They are leaving an electric Fireplace insert. Barrier attic insulation has been added. This beautiful home is close to parks and schools and is just waiting for a great family.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$291,312Estimated Mortgage Balance
$69,688Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$160/month
$71/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$111
$336,409
2025
$60,244
$276,165
$336,409
No

Tax History

Year
Tax Paid
Assessed Value
2020
$111
$336,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Lending Team Llc
Va
$300,243
Yes
First
Sep 18, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$291,312
$45,097
13%
81%
$1,801/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,872/mo
+$354/mo
7.4%

City: Houston

1518 Festival Dr | Property Details | No Agent List