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Owner Contacts

$129,000

NAL Estimated Property Value

15372 Chipman Ln # 5372, Houston, TX, 77060

Off Market

2 Beds

2 Bath

1,156 Sq Ft

Condos / Townhouses

$1.21 / sqft

Built in 1971

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesElectric Oven, Microwave, Electric Range, Dishwasher

FlooringCarpet, Vinyl

Building Information

Year Built1971

Stories2

Garage Spaces1

Land Information

APN1033130010047

SubdivisionGreenridge North

Land UseResidential

Legal DescriptionUNIT 15372 BLDG 9 GREENRIDGE NORTH SEC 10 T/H UR

Census Tract222504

Assessed Land Value$16,536

Assessed Improvement Value$70,494

Assessment Year2025

About this property

Welcome to this beautifully updated townhouse located in the heart of Houston! This charming home at 15372 Chipman Lane offers modern style, comfort, and convenience all in one. Step inside to discover a completely renovated interior featuring brand-new flooring throughout, creating a fresh and inviting feel. The updated kitchen is a true standout, showcasing sleek finishes, new appliances, and plenty of space for cooking and entertaining. Upstairs, you’ll find two spacious bedrooms that provide a quiet and private retreat, along with updated bathrooms featuring contemporary fixtures and finishes designed for both style and functionality. This move-in-ready home is perfect for anyone looking for low-maintenance living without sacrificing quality or design. Conveniently located near shopping, dining, and major highways. Don’t miss your chance to own this beautifully updated townhouse. _Photos are virtually staged.

Investor Tools

$129,000

Estimated Property Value

$118,259Estimated Mortgage Balance

$10,741Estimated Equity

8% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$774 /month

Positive

Cash Flow Estimate:

$258 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$147/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,118

$87,030

2025

$16,536

$70,494

$87,030

Tax History

Year

Tax Paid

Assessed Value

2024

$1,118

$87,030

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Mitchell Walton Ira

Purchase Money Mortgage

$121,500

First

Nov 7, 2024

Nov 2044

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$118,259

$10,741

92%

$729/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$729/mo

+$578/mo

12.2%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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