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$232,000

NAL Estimated Property Value

228 E Forest Ave, Shoreacres, TX, 77571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,572 Sq Ft
price_per_sqft$159.03 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size7,802 sqft

Building Information

Year Built1974
Stories1
Garage Spaces2

Land Information

APN0580460030039
Lot Number39
SubdivisionShoreacres
Land UseResidential
Legal DescriptionLT 39 BLK 3 SHOREACRES
Census Tract341700
Assessed Land Value$44,850
Assessed Improvement Value$148,280
Assessment Year2025

About this property

Welcome to your fully reimagined dream home in Shoreacres! This beautifully updated one-story home has everything you’re looking for—soaring vaulted ceilings, an open-concept layout, and a stunning chef’s kitchen with custom cabinetry, a stylish island, and brand-new stainless steel appliances. It’s the perfect setup for entertaining or just enjoying everyday life! Need extra space? The enclosed bonus room is a game-changer—use it as a home office, guest suite, or even a second living area! And let’s talk about the bathrooms—both have been completely transformed with custom tile showers and designer finishes. Recently this home has been upgraded with a new 150 mph hurricane-certified roof, a brand-new HVAC system, updated electrical & plumbing, a new hot water heater, fresh flooring, a new fence, a new driveway, and more! And the location? Unbeatable. Living in Shoreacres means you’re just a short walk or bike ride to the bay, Houston Yacht Club, and beautiful parks.

Investor Tools

Property Icon
$232,000
Estimated Property Value
$490,440Estimated Mortgage Balance
$232,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,500 /month
Positive
Cash Flow Estimate:
$500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$211/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,373
$193,130
2025
$44,850
$148,280
$193,130
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,373
$193,130

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Success Mortgage Partners Inc
Unknown
$250,381
No
First
Mar 28, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$490,440
N/A
0%
211%
$3,004/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,004/mo
$-1,282/mo
8.9%

City: Shoreacres

228 E Forest Ave | Property Details | No Agent List