B+

NoAgentList RatingHow are grades calculated?

1954Days on Market

1view

$995,000

1534 Althea Dr, Houston, TX, 77018

$1,042,804 ARV

On Market

4 Beds

4 Bath

2,890 Sq Ft

Single Family Residence

$344.29 / sqft

Built in 1947

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Wood

Exterior

Lot Size7,440 sqft

Building Information

Year Built1947

Stories1

Garage Spaces3

Land Information

APN0731000060049

Lot Number49

SubdivisionOak Forest

Land UseResidential

Legal DescriptionLT 49 BLK 24 OAK FOREST SEC 2

Census Tract531100

Assessed Land Value$446,520

Assessed Improvement Value$280,094

Assessment Year2025

About this property

Zoned to Oak Forest Elementary in one of Oak Forest's most sought after locations, this extensively updated one story home combines timeless design with major 2026 improvements including a fully renovated primary bathroom, new AC, new water heater, full roof tune up, and more. Originally renovated in 2020, the open concept floor plan offers 4 bedrooms, plus a private office, and the rare flexibility of two primary suites. Double paned windows, blow in attic insulation, and thoughtful upgrades throughout make this home as efficient as it is beautiful. Enjoy a tandem 4 car garage, turfed backyard, and both front and back porches designed for relaxing and entertaining. Every major update has been completed so you can simply move in and enjoy.

Investor Tools

$166,902Estimated Mortgage Balance

$808,756Estimated Equity

83% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$1,042,803

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,970 /month

Positive

Cash Flow Estimate:

$1,990 /month

Interested in this property?

Ashli Young

Compass RE Texas, LLC - Houston

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,207/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$9,611

$726,614

2025

$446,520

$280,094

$726,614

Tax History

Year

Tax Paid

Assessed Value

2024

$9,611

$726,614

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Southtrust Bank Na

Stand Alone Second / Subordinate Position

$185,250

First

Mar 17, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$166,902

$818,098

83%

17%

$1,111/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$1,111/mo

+$1,115/mo

2.7%

Learn About the Market: Opportunity in Houston

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