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$344,895

NAL Estimated Property Value

1607 Richvale Ln, Houston, TX, 77062

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,304 Sq Ft
price_per_sqft$141.06 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Lot Size10,799 sqft

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APN0962880000367
Lot Number367
SubdivisionClear Lake City
Land UseResidential
Legal DescriptionLT 367 BLK 32 CLEAR LAKE CITY SEC 2
Census Tract340501
Assessed Land Value$64,800
Assessed Improvement Value$280,095
Assessment Year2025

About this property

Welcome to 1607 Richvale Lane in the desirable Clear Lake City subdivision! This inviting one-story home offers an open, functional layout with formal living and dining plus a spacious main living area, ideal for entertaining or everyday living. The primary suite features a walk-in tile shower, creating a private retreat. Situated on a large lot with mature trees, the backyard provides a peaceful setting with room to relax or play. Enjoy quick access to I-45, Baybrook Mall, and a variety of shopping and dining options, all while tucked into a quiet neighborhood. Walk to award-winning Clear Lake Elementary and explore the nearby 200-acre Exploration Green trail system. Just minutes from NASA’s Johnson Space Center and the University of Houston–Clear Lake, this home blends comfort, convenience, and location. Don’t miss this move-in ready beauty!

Investor Tools

Property Icon
$344,895
Estimated Property Value
$202,443Estimated Mortgage Balance
$142,452Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,069 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
$87/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,543
$344,895
2025
$64,800
$280,095
$344,895
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,543
$344,895

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Churchill Mortgage Corp
Conventional
$229,750
No
First
Apr 7, 2020
May 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$202,443
$142,452
41%
59%
$1,378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,465/mo
+$257/mo
6.0%

City: Houston

1607 Richvale Ln | Property Details | No Agent List