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$219,000

NAL Estimated Property Value

1601 S Shepherd Drive 222, Houston, TX, 77019

Off MarketInfo
Beds1 Beds
Baths2 Bath
Baths847 Sq Ft
price_per_sqft$277.45 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer, Oven
FlooringLaminate, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1978
Stories1

Land Information

APN1141710160007
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 219 BLDG Q .004545 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$37,480
Assessed Improvement Value$159,784
Assessment Year2025

About this property

SELLER IS HIGHLY MOTIVATED! This beautifully updated condo features one full bedroom and a versatile second room perfect for a guest bedroom, office, or den. The updated kitchen has shaker style white cabinets, granite countertops, stainless steel appliances and a wine fridge. The entire unit has been freshly painted throughout which makes the home light, and bright. Stylish new flooring in a classic herringbone pattern adds a touch of elegance throughout the space. The fireplace has been given a fresh new look adding warmth and charm to living area. The large balcony is an ideal way to enjoy the outdoors without having to worry about yard maintenance. Experience security in a gated community with 24/7 courtesy guards to protect this 8 acre property, lush landscaping and pool. Restaurants, shopping centers and the historic River Oaks Theater are all within walking distance. Chimney was cleaned (2022) and Outdoor A/C condenser unit was replaced in 2024.

Investor Tools

Property Icon
$219,000
Estimated Property Value
$57,484Estimated Mortgage Balance
$161,516Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,410 /month
Positive
Cash Flow Estimate:
$470 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$436/month
$470/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,137
$197,264
2025
$37,480
$159,784
$197,264
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,137
$197,264

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Home Mortgage Inc
Fha
$118,340
Yes
First
Jul 31, 2003
Aug 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,484
$161,516
73%
26%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$470/mo
+$1,170/mo
9.0%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1601 S Shepherd Drive 222 | Property Details | No Agent List