10Days on Market

1view

$805,000

1602 Wellington Way, Houston, TX, 77055

On Market

Just Added

3 Beds

2 Bath

2,412 Sq Ft

Single Family Residence

$333.75 / sqft

Built in 1999

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile, Vinyl

Exterior

Lot Size8,930 sqft

Building Information

Year Built1999

Garage Spaces2

Land Information

APN1177350010003

Lot Number3

SubdivisionWellington Court

Land UseResidential

Legal DescriptionLT 3 LESS W 4 FT BLK 1 WELLINGTON COURT

Census Tract520700

Assessed Land Value$243,590

Assessed Improvement Value$472,410

Assessment Year2025

About this property

SBISD! Valley Oaks Elementary, Landrum Middle (Spring Branch Middle by waiver) and Memorial High. Welcome to Wellington Court, an access-controlled, gated community of 43 homes off Wirt Rd, 1 mile north of I-10. This 3BR/2BA, 2412 sf (HCAD), one-story home (no stairs), fully remodeled in 2021-22, is move-in ready. 22'x18' living room with 12' ceiling, built-ins & whole-house sound system. Formal dining room with 12' coffered ceiling & built-in cabinet. Study/office (possible 4th BR) with 12' coffered ceiling, built-in desk & double privacy doors. Updated kitchen: custom cabinets, quartz counters, gas cooktop, 2022 LG fridge. Plantation shutters. Exceptional storage: 400+ sf decked attic space with shelving, accessed by 2022 aluminum stairs and VersaLift cargo lift; garage storage cabinets; 8'x10' Tuff-Shed in back yard. 2022 roof & Okna Starmark windows. Covered rear patio with natural gas grill & speakers. Social patio in front yard. Generator-ready. Tankless water heater.

Investor Tools

$944,945Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,830 /month

Positive

Cash Flow Estimate:

$1,610 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$554/month

$1,270/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,793

$716,000

2025

$243,590

$472,410

$716,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,793

$716,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$509,600

First

Dec 30, 2021

Jan 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$944,945

N/A

123%

$6,054/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$7,324/mo

$-5,602/mo

2.7%

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