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$2,119,000

NAL Estimated Property Value

3023 Locke Ln, Houston, TX, 77019

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,212 Sq Ft
price_per_sqft$467 / sqft
Year BuiltBuilt in 1938

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher, Refrigerator
FlooringTerrazzo, Wood

Exterior

Lot Size9,043 sqft

Building Information

Year Built1938
Stories2
Garage Spaces5

Land Information

APN0641720050005
SubdivisionAvalon Place
Land UseResidential
Legal DescriptionTR 5 AVALON PLACE SEC 2
Census Tract411400
Assessed Land Value$1,007,128
Assessed Improvement Value$579,401
Assessment Year2025

About this property

Nestled in prestigious River Oaks and walking distance to River Oaks Elementary, this timeless residence exudes elegance and charm. Originally built in 1938, this historic home boasts 4 bedrooms and 3.5 bathrooms, offering gracious and sophisticated living space. Upon entering, you'll be greeted by a sweeping staircase entrance and original hardwood floors throughout that add a touch of vintage allure to the interior. The main house features a seamless blend of classic and modern elements and unlimited views of the azalea garden from every window. The separate guest house provides additional versatility and convenience for hosting guests or creating a private retreat. Outside, the lush surroundings of the tree lined street create a picturesque backdrop, adding to the appeal of this distinguished residence. Part of Houston's history as the long time residence of Joan and Harry Caldwell, the former Chief of The Houston Police Department, & also featured in the movie "Terms of Endearment"

Investor Tools

Property Icon
$2,119,000
Estimated Property Value
$1,265,220Estimated Mortgage Balance
$853,780Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,714 /month
Positive
Cash Flow Estimate:
$4,238 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,927/month
$1,600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,531
$1,586,529
2025
$1,007,128
$579,401
$1,586,529
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,531
$1,586,529

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$1,284,000
No
First
Jul 25, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,265,220
$725,780
36%
60%
$7,699/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$9,299/mo
$-5,959/mo
1.9%

City: Houston

3023 Locke Ln | Property Details | No Agent List