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Owner Contacts

$451,000

NAL Estimated Property Value

1822 Cheshire Ln, Houston, TX, 77018

Off Market

3 Beds

1 Bath

1,071 Sq Ft

Single Family Residence

$420.17 / sqft

Built in 1950

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

Heating Central

Cooling

Exterior

Lot Size7,079 sqft

Building Information

Year Built1950

Stories1

Garage Spaces3

Land Information

APN0731000700021

Lot Number21

SubdivisionOak Forest

Land UseResidential

Legal DescriptionLT 21 BLK 73 OAK FOREST SEC 11

Census Tract531200

Assessed Land Value$371,842

Assessed Improvement Value$53,158

Assessment Year2025

About this property

RARE opportunity to build in the highly desirable Oak Forest subdivision! Close to restaurants and shopping. Existing home can be removed to build the home of your dreams. This lot is unique in the fact there is a 5 yr old oversized 2 car garage constructed (and permitted) in the back left corner of the property and leaves a majority of the property available to build on. The garage was measured to fit a large truck and SUV comfortably and installed with a 20' overhead garage door. Garage also has electrical dropped, sheet-rocked and decked. 160' of linear fence was installed in 2023. The property also has a 3ton A/C unit that was installed in 2016 and maintained. Property is located on a wonderful street with amazing neighbors. Property being sold for lot value and AS-IS.

Investor Tools

$451,000

Estimated Property Value

$0Estimated Mortgage Balance

$451,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,706 /month

Positive

Cash Flow Estimate:

$902 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$654/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,587

$425,000

2025

$371,842

$53,158

$425,000

Tax History

Year

Tax Paid

Assessed Value

2024

$5,587

$425,000

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$446,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

N/A

+$1,307/mo

3.5%

Learn About the Market: Opportunity in Houston

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