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$799,900

1562 Cheshire Ln, Houston, TX, 77018

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,486 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.76 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Wine Refrigerator, Gas Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Lot Size8,350 sqft

Building Information

Year Built1954
Stories1
Garage Spaces2

Land Information

APN0731000550063
Lot Number63
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 63 BLK 79 OAK FOREST SEC 9
Census Tract531700
Assessed Land Value$436,149
Assessed Improvement Value$275,146
Assessment Year2025

About this property

Welcome home to 1562 Cheshire, located in the heart of Oak Forest! A truly one-of-a-kind mid-century modern gem with unmatched character. The 3-bedroom, 2.5 bathroom home has been extensively renovated, creating a warm and inviting floor plan perfect for entertaining with an oversized island, beverage bar, and amazing flow. The layout is complemented by soaring 12' ceilings in the living areas with tasteful finishes including stunning stone, oversized tiles, and designer light fixtures. Conveniently located in Oak Forest, the home provides walkability to Oak Forest Elementary and Frank Black Middle as well as a nearby grocery store and restaurants. The home is just minutes away from the Galleria, Heights, and Downtown, while just minutes away from major highways I10, 610, 45, and 59. Schedule a tour today! Showings begin on Sunday, March 29 during the open house 12-2p.

Investor Tools

$531,502Estimated Mortgage Balance
$285,498Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,902 /month
Positive
Cash Flow Estimate:
$1,634 /month

Interested in this property?

Andrew Lin

Nan & Company Properties - Corporate Office (Heights)

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,322/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,774
$711,295
2025
$436,149
$275,146
$711,295
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,774
$711,295

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trustmark National Bank
Conventional
$458,000
No
First
Mar 5, 2021
Apr 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$531,502
$285,498
34%
65%
$3,550/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,550/mo
$-1,828/mo
2.5%

City: Houston

1562 Cheshire Ln | Property Details | No Agent List