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$303,047

NAL Estimated Property Value

2602 Cherry Ln, Pasadena, TX, 77502

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,940 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$133.97 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven
FlooringCarpet, Tile

Exterior

Lot Size7,423 sqft

Building Information

Year Built1965
Garage Spaces2

Land Information

APN0980990000020
Lot Number20
SubdivisionParkview Manor
Land UseResidential
Legal DescriptionLT 20 BLK 25 PARKVIEW MANOR SEC 8
Census Tract323802
Assessed Land Value$60,142
Assessed Improvement Value$242,905
Assessment Year2025

About this property

UPDATED 4 bedroom, 2 bath home ready for move-in * ceramic tile plank flooring downstairs * double pane energy efficient windows * open family room, kitchen & dining * family room with ceiling fan and sliding doors leading to back deck * kitchen with granite countertops, stainless appliances including gas range/oven, overhead microwave & dishwasher plus ample cabinets & counter space and walk-in pantry * dining area with chandelier * formal living room / home office with sliding privacy doors could also be 5th bedroom * downstairs primary bedroom with ceiling fan & 2 windows * just outside primary bedroom is full bathroom with granite countertop vanity plus tub/shower combo with stylish tile surround * upstairs are 3 generous sized bedrooms and closet space plus updated full bath * expansive back deck is partially covered * 2-car attached garage with auto opener + 2-car attached carport * great location near shopping, dining & hospital district plus walking distance to schools!

Investor Tools

Property Icon
$303,047
Estimated Property Value
$251,563Estimated Mortgage Balance
$51,484Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,818 /month
Positive
Cash Flow Estimate:
$606 /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
$1,021
$303,047
2025
$60,142
$242,905
$303,047
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,021
$303,047

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$257,254
Yes
First
Feb 21, 2025
Mar 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,563
$51,484
16%
83%
$1,543/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,543/mo
+$683/mo
8.8%

City: Pasadena

2602 Cherry Ln | Property Details | No Agent List