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Owner Contacts

$268,000

NAL Estimated Property Value

1607 Bernard Way, Houston, TX, 77058

Off Market

3 Beds

2 Bath

1,558 Sq Ft

Single Family Residence

$179.08 / sqft

Built in 1982

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Free-Standing Range, Dishwasher, Oven, Refrigerator, Washer, Cooktop

FlooringTile, Wood

Exterior

Lot Size6,342 sqft

Building Information

Year Built1982

Stories1

Garage Spaces2

Land Information

APN1105760000177

Lot Number177

SubdivisionUniversity Green

Land UseResidential

Legal DescriptionLT 177 UNIVERSITY GREEN SEC 3

Census Tract341303

Assessed Land Value$75,887

Assessed Improvement Value$181,452

Assessment Year2025

About this property

Beautifully updated 1-story patio home in sought-after University Green! This 3-bedroom, 2-bath home sits on a large lot and features an open layout with vaulted ceilings, rich wood floors, and a cozy fireplace. The kitchen offers granite countertops, tile backsplash, ample cabinetry, and a nearly-new refrigerator and oven range. The primary suite includes a walk-in closet, linen closet, and updated bath with granite counters and a tile-surround shower. Recent upgrades include a new water heater, stackable washer/dryer, and foundation with a lifetime warranty. Enjoy peaceful moments in the private front courtyard or fenced backyard. Detached 2-car garage adds convenience. Located near NASA, UH-Clear Lake, parks, and shopping, this move-in ready home offers comfort, style, and a prime location in the heart of Clear Lake.

Investor Tools

$268,000

Estimated Property Value

$244,614Estimated Mortgage Balance

$23,386Estimated Equity

7% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,674 /month

Positive

Cash Flow Estimate:

$558 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$349/month

$800/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,845

$257,339

2025

$75,887

$181,452

$257,339

Tax History

Year

Tax Paid

Assessed Value

2024

$2,845

$257,339

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$247,500

First

Sep 30, 2025

Oct 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$244,614

$20,386

91%

$1,484/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,940/mo

$2,284/mo

$-344/mo

8.7%

Learn About the Market: Opportunity in Houston

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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.

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