B+

NoAgentList RatingHow are grades calculated?

27Days on Market

1view

$1,935,000

2420 Locke Lane, Houston, TX, 77019

$1,944,599 ARV

On Market

4 Beds

4 Bath

3,976 Sq Ft

Single Family Residence

$486.67 / sqft

Built in 1940

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Gas Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer, Cooktop

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesOutdoor Kitchen

Lot Size6,599 sqft

Building Information

Year Built1940

Stories2

Land Information

APN0641720130022

Lot Number22

SubdivisionAvalon Place

Land UseResidential

Legal DescriptionLT 22 BLK O AVALON PLACE SEC 5

Census Tract411100

Assessed Land Value$1,104,840

Assessed Improvement Value$581,795

Assessment Year2025

About this property

Tucked within Avalon Place, one of the city’s most coveted neighborhoods, this home strikes a beautiful balance between timeless charm & polished modern design. Built for entertaining, the front of the home features spacious Formal Living & Dining Rooms, while the Family Room w/ wet bar overlooks the sparkling pool & hot tub in the back. A “working kitchen” in addition to the main Chef’s Kitchen w/ European cabinetry & sliding doors maximize seamless indoor-outdoor living & hosting. Light-filled Primary w/ spa-like en-suite bath w/ soaking tub & oversized shower; & 3 secondary bedrooms & 2 baths up. Designed Office, Powder Room & Utility Room down. Backyard features a covered carport below full garage apartment, stunning pool, hot tub & summer kitchen. Ideal location featuring tree-lined streets, quick access to beloved Houston destinations & zoned to the sought after River Oaks Elementary. Recent updates: new roof & repairs to pool, plumbing, AC & foundation.

Investor Tools

$1,831,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,087,218Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$1,944,599

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,610 /month

Positive

Cash Flow Estimate:

$3,870 /month

Interested in this property?

Hedley Karpas

Compass RE Texas, LLC - Houston

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$3,278/month

$1,600/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$30,183

$1,686,635

2025

$1,104,840

$581,795

$1,686,635

Tax History

Year

Tax Paid

Assessed Value

2024

$30,183

$1,686,635

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homeowners Financial Group Usa Llc

Conventional

$876,000

First

Nov 28, 2018

Dec 2048

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$743,782

$1,087,218

59%

41%

$5,253/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$6,853/mo

$-3,513/mo

2.2%

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