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$346,092

1611 Festival Dr, Houston, TX, 77062

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,123 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.17 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher
FlooringVinyl

Exterior

Lot Size9,130 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN0964850000630
Lot Number630
SubdivisionClear Lake City
Land UseResidential
Legal DescriptionTR 630 BLK 44 SW 75.49 FT OF LT 630 CLEAR LAKE CITY SEC 3
Census Tract340501
Assessed Land Value$59,164
Assessed Improvement Value$286,928
Assessment Year2025

About this property

1611 Festival Dr is a gorgeous home in the highly desirable Clear Lake City neighborhood that has been completely updated from top to bottom. From the fresh, bright paint to the luxury vinyl plank flooring throughout the home, to new cabinetry, countertops, lighting, water heater, A/C and more....this home is waiting for you! This home offers 4 bedrooms, 2.5 bathrooms, a formal living/home office at the front of the home and an enclosed sun porch at the back of the home. The laundry room is just off the kitchen and dining area and includes a washer and dryer and access to the detached 2 car garage and back yard. The gourmet kitchen is every chef's dream with tons of cabinetry and counter space, stainless appliances including a double oven, dishwasher and microwave as well as a walk-in butlers pantry with cabinetry and shelves. Don't miss out on this beautiful home!

Investor Tools

Property Icon
$346,092
Estimated Property Value
$235,042Estimated Mortgage Balance
$119,863Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,077 /month
Positive
Cash Flow Estimate:
$692 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,488
$346,092
2025
$59,164
$286,928
$346,092
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,488
$346,092

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sun West Mortgage Company Inc
Fha
$235,042
Yes
First
Apr 29, 2024
May 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,229
$119,863
34%
65%
$1,410/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,410/mo
+$816/mo
7.7%

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.

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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1611 Festival Dr | Property Details | No Agent List