8view

Owner Contacts

$246,000

NAL Estimated Property Value

16702 Sky Blue Ln, Houston, TX, 77095

Off Market

3 Beds

2 Bath

1,490 Sq Ft

$134.23 / sqft

Built in 1984

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringWood

Exterior

Lot Size7,405 sqft

Building Information

Year Built1984

Garage Spaces2

Land Information

APN1155130020001

Lot Number1

SubdivisionSommerall

Land UseResidential

Legal DescriptionLT 1 BLK 2 SOMMERALL SEC 4

Census Tract541204

Assessed Land Value$49,681

Assessed Improvement Value$185,319

Assessment Year2025

About this property

Welcome home! This one story 3 bedroom and 2 bath home is on a large corner lot in Sommerall with an open concept floor plan. The family room features a large brick fireplace, vaulted ceilings and plenty of room for entertaining. The kitchen has beautiful granite countertops, breakfast bar and a large island with plenty of counter space for prepping meals and enjoying family time in the kitchen. The primary bedroom has an in-suite double vanity with plenty of storage. The secondary bedrooms boast with natural sunlight and a walk in closet. The backyard has a large size patio/deck and still has plenty of room for a swing set and pool if desired. Perfect for entertaining! It is zoned to Cypress-Fairbanks ISD schools. Home has not flooded per seller. Schedule your appointment today!

Investor Tools

$246,000

Estimated Property Value

$176,579Estimated Mortgage Balance

$69,421Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,476 /month

Positive

Cash Flow Estimate:

$492 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$224/month

$408/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,457

$235,000

2025

$49,681

$185,319

$235,000

Tax History

Year

Tax Paid

Assessed Value

2024

$1,457

$235,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Network Funding Lp

Fha

$196,377

Yes

First

Feb 26, 2021

Mar 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$176,579

$67,421

27%

72%

$1,178/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,040/mo

$1,586/mo

+$454/mo

10.0%

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