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$2,375

1602 Summer Rain Dr, Houston, TX, 77339

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,234 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.06 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size7,501 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1177780010008
Lot Number8
SubdivisionKingwood Place Village
Land UseResidential
Legal DescriptionLT 8 BLK 1 KINGWOOD PLACE VILLAGE SEC 1
Census Tract251100
Assessed Land Value$72,300
Assessed Improvement Value$214,419
Assessment Year2025

About this property

Welcome to 1602 Summer Rain, a spacious one-story home in Kingwood Place Village with a flexible floor plan, abundant natural light and no back neighbors! The open living area features high ceilings, a fireplace, wood-look flooring and a wall of windows overlooking the backyard. Two additional living spaces offer flexibility for a home office, formal dining, playroom or sitting area. The spacious primary suite features a vaulted ceiling, walk-in closet and ensuite bath with dual sinks, soaking tub and separate shower. The kitchen offers generous cabinet and counter space, center island and adjoining breakfast area. Enjoy a neighborhood pool and playground within walking distance,Kingwood schools, plus Kingwood's extensive greenbelt trail system for walking, running and biking. Convenient access to I-69/US-59 with shopping, dining and everyday conveniences nearby. Per seller, home has never flooded. Local HEB, Aldis, Trader Joes, kroger and sprouts all are nearby.

Investor Tools

$0Estimated Mortgage Balance
$299,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Jerry Travioli

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$460/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,023
$286,719
2025
$72,300
$214,419
$286,719
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,023
$286,719

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Countrywide Bank Fsb
N/A
$14,900
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$306,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,070/mo
N/A
+$2,070/mo
8.3%

City: Houston