NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$3,018,000

NAL Estimated Property Value

2 Lorrielake Ln, Houston, TX, 77024

Off Market

5 Beds

5 Bath

5,139 Sq Ft

Single Family Residence

$388.6 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Private Pool

Lot Size17,337 sqft

Building Information

Year Built1983

Stories1

Garage Spaces2

Land Information

APN0855530000002

Lot Number2

SubdivisionSandalwood

Land UseResidential

Legal DescriptionLT 2 BLK 7 SANDALWOOD SEC 1

Census Tract430900

Assessed Land Value$1,233,520

Assessed Improvement Value$1,647,963

Assessment Year2025

About this property

Stunning Sandalwood cul-de-sac home just steps from Lorrie Lake! Inviting entry & formals feature gleaming hardwood floors, high ceilings & transom windows. Gracious family room with 15ft vaulted ceiling has extensive built-ins & opens to the covered outdoor patio & sparking pool for easy entertaining. The island kitchen (appliances 2017) features elegant finishes & is a wonderful gathering space. The adjacent breakfast room has lovely backyard views & opens to the family room. Primary bedroom & bath were updated (2017) with a contemporary flare with a freestanding tub. The primary suite includes two huge closets & a flexible sunroom/study/exercise room. The flex room has a wall of built-ins & windows offering wonderful backyard views. The gameroom has a chalkboard wall & built-ins. 5 bedrooms, 4.5 baths plus a pool cabana with full bath. Whole house generator. Sandalwood enjoys 3 community lakes for fishing, boating, swimming & walking trails. All info per Seller.

Investor Tools

$3,018,000

Estimated Property Value

$1,355,480Estimated Mortgage Balance

$1,662,520Estimated Equity

56% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$18,108 /month

Positive

Cash Flow Estimate:

$6,036 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,994/month

$1,600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$20,833

$2,881,483

2025

$1,233,520

$1,647,963

$2,881,483

Tax History

Year

Tax Paid

Assessed Value

2024

$20,833

$2,881,483

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Jpmorgan Chase Bank Na

Conventional

$1,490,000

First

Aug 11, 2021

Sep 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,355,480

$1,752,520

56%

45%

$8,934/mo

Learn About the Market: Opportunity in Houston

Explore

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 This Area