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$265,771

NAL Estimated Property Value

1601 S Shepherd Dr Apt 244, Houston, TX, 77019

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths956 Sq Ft
price_per_sqft$230.02 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBalcony, Storage, Courtyard

Building Information

Year Built1978
Stories1

Land Information

APN1141710100016
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 244 BLDG K .004977 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$50,496
Assessed Improvement Value$215,275
Assessment Year2025

About this property

Charming second floor condo located in the River Oaks Gardens community. Very well maintained pet friendly complex with 24 hour manned gate and patrol. Excellent location! This recently updated (4/21) condo offers two generous bedrooms with fresh carpet, formal living room w/wood burning fireplace and recent laminate wood floors (11/21), formal dining room with laminate wood floors (11/21), a large built in display cabinet, and a large private balcony. Both bathrooms have quartz topped shaker style vanities, replaced toilets, and modern fixtures. The kitchen has shaker style soft close cabinets and quartz counter tops, recent (4/21) stainless appliances, and modern fixtures. Large private shaded balcony overlooks the courtyard. Beautiful landscaping throughout the complex and a large residents swimming pool. Make this your new home today!

Investor Tools

Property Icon
$265,771
Estimated Property Value
$111,829Estimated Mortgage Balance
$153,942Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,595 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
$369/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,688
$265,771
2025
$50,496
$215,275
$265,771
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,688
$265,771

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Summit Funding Inc
Conventional
$122,000
No
First
Dec 31, 2021
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,829
$153,942
57%
42%
$732/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,101/mo
+$859/mo
8.8%

City: Houston

1601 S Shepherd Dr Apt 244 | Property Details | No Agent List