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$600,000

2714 Nicholson St, Houston, TX, 77008

$631,619 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths2,700 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.22 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Pre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBack Green Space, Balcony
Lot Size2,326 sqft

Building Information

Year Built2010
Garage Spaces1

Land Information

APN1320200010001
Lot Number1
SubdivisionRileys Court Two
Land UseResidential
Legal DescriptionLT 1 BLK 1 RILEYS COURT TWO
Census Tract511501
Assessed Land Value$220,875
Assessed Improvement Value$500,318
Assessment Year2025

About this property

Opportunity is knocking for an immediate equity gain for the right owner occupant, or a sizeable built-in profit for an investor in one of the most desirable areas in all of Houston. This beautiful home has endless potential and is priced to move very quickly. With three sizeable bedrooms each with en suite full bathrooms, one half bath on the main floor, a private driveway, fully gated front and back yards, and only 16 year old construction, the value cannot be beat. Areas that need attention are exterior wood rot, downstairs a/c replacement, full interior and exterior paint, and refinishing floors. This home in move in ready condition without a time constraint would be listed at $750,000, so this is an incredible opportunity that will not last more than a week. With a looming foreclosure in early October, the Seller is strongly preferring cash buyers, but may possibly consider quick financed options. Absolutely no "subject to" or wholsaler buyers will be considered. Welcome home.

Investor Tools

$255,757Estimated Mortgage Balance
$550,243Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$631,619
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,836 /month
Positive
Cash Flow Estimate:
$1,612 /month

Interested in this property?

Brandon Newton

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,292/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,470
$721,193
2025
$220,875
$500,318
$721,193
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,470
$721,193

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Vault Mortgage Co
Conventional
$382,500
No
First
Jun 18, 2012
Jul 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$255,757
$550,243
68%
32%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
N/A
+$2,230/mo
3.3%

City: Houston

2714 Nicholson St | Property Details | No Agent List