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$224,900

1601 S Shepherd Drive 216, Houston, TX, 77019

On MarketInfo
Beds1 Beds
Baths2 Bath
Baths798 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$281.83 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Washer/Dryer Stacked, Dishwasher, Washer/Dryer

Building Information

Year Built1978
Stories1

Land Information

APN1141710160010
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 222 BLDG Q .004545 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$42,448
Assessed Improvement Value$180,965
Assessment Year2025

About this property

Welcome to your tranquil retreat in the highly sought-after gated community of Oaks River Oaks Gardens. This meticulously maintained second-floor corner unit is nestled within a serene garden setting characterized by stunning, mature oak trees. The home offers immediate peace of mind for the new owner, having been completely replumbed to save you thousands in future maintenance costs. Inside the space feels fresh and modern with brand-new appliances, including a refrigerator and washer/dryer, along with stylish bathroom and light fixtures installed within the last two years. The living area features a wood burning fireplace, while the private balcony provides a quiet outdoor escape. Enjoy premium services, such as 24/7 courtesy officers, and front door garbage pick-up 3 days a week. Assigned, covered parking. Positioned in an unbeatable location, this gem combines the best of quiet, garden living with the vibrant energy of a premier Houston neighborhood.

Investor Tools

$133,426Estimated Mortgage Balance
$98,574Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,392 /month
Positive
Cash Flow Estimate:
$464 /month

Interested in this property?

Lyla Gillaspie

Central Metro Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
$437/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,137
$223,413
2025
$42,448
$180,965
$223,413
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,137
$223,413

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Opus Home Loans Inc
Conventional
$135,000
No
First
Sep 18, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$133,426
$98,574
42%
58%
$810/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$1,247/mo
+$393/mo
8.5%

City: Houston

1601 S Shepherd Drive 216 | Property Details | No Agent List