7view

Owner Contacts

$980,000

NAL Estimated Property Value

2824 Lockett St, Houston, TX, 77021

Off Market

4 Beds

5 Bath

4,386 Sq Ft

$399 / sqft

Built in 2014

Property Lead Type:

BankruptcyAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Refrigerator Included, Wine Refrigerator, Convection Oven, Double Oven, Gas Oven, Microwave, Gas Cooktop, Dishwasher

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony, Outdoor Kitchen, Sprinkler System

Lot Size9,300 sqft

Building Information

Year Built2014

Garage Spaces2

Land Information

APN0680170020019

Lot Number19

SubdivisionCentral City

Land UseResidential

Legal DescriptionLT 19 & TR 20A BLK 2 CENTRAL CITY

Census Tract313901

Assessed Land Value$289,800

Assessed Improvement Value$690,200

Assessment Year2025

About this property

Introducing a modern luxury, custom-built home. A striking two-story residence located on two lots in Houston's Medical Center. Spanning 4,386 sq ft, it features 4 bedrooms, 4.5 baths plus a game room and home office. The open floor plan showcases soaring ceilings and a gourmet chef’s kitchen outfitted with premium Sub-Zero/Wolf appliances. Outdoors, the expansive backyard offers a resort-style pool, full outdoor kitchen, and private basketball court. The primary suite is a true retreat with dramatic ceiling height and access to a secluded second-floor deck. Additional conveniences include a garage wired for EV charging and upscale mechanical systems. A perfect blend of high-end finishes and functional design.

Investor Tools

$980,000

Estimated Property Value

$794,626Estimated Mortgage Balance

$185,374Estimated Equity

18% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$10,500 /month

Positive

Cash Flow Estimate:

$3,500 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,705/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$15,564

$980,000

2025

$289,800

$690,200

$980,000

Tax History

Year

Tax Paid

Assessed Value

2024

$15,564

$980,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

T2 Financial Llc

Conventional

$623,950

First

Jan 14, 2022

Feb 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$794,626

$185,374

18%

81%

$5,180/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$5,180/mo

$-2,954/mo

2.7%

Learn About the Market: Opportunity in Houston

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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.

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