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$437,000

NAL Estimated Property Value

309 Weldon St, South Houston, TX, 77587

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,347 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.48 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Cooktop, Refrigerator
FlooringLaminate, Tile

Exterior

Lot Size15,860 sqft

Building Information

Year Built1962
Garage Spaces2

Land Information

APN0823280000006
Lot Number6-8
SubdivisionMerilyn Place
Land UseResidential
Legal DescriptionLTS 6 & 7 & W 1/2 OF LT 8 BLK 2 MERILYN PLACE SEC 5
Census Tract321401
Assessed Land Value$69,366
Assessed Improvement Value$367,634
Assessment Year2025

About this property

Unique find, oversized lot, fully fenced, ample space for parking, detached garage/workshop area, PLUS Garage Apartment (or Office)! Upgrades galore including updated kitchen w/exotic granite, under mount sink, SS appliances, spacious laundry room, new master bath ensuite, a closet that dreams are made of, fresh paint throughout. Custom front porch w/tile flooring, stone covering, cedar columns and an exquisite front door w/side lighting imported from Mexico. Iron fencing with agave metal security, custom gates, 2018 roof, attached two car garage with tiled floor, two car detached garage/or workshop area (Upstairs Studio). Plenty of room for entertaining w/two spacious living areas inside, and custom outdoor palapa with travertine floor! New water heater, double pane windows, concrete pad w/drain for kennel, fresh landscaping. Refrigerator included. Per Appraisal District 2347 sqft, per seller home 2010 Sqft, studio apt 487.67 Sqft. Rm measurements are approx. Schedule showing today!

Investor Tools

Property Icon
$437,000
Estimated Property Value
$192,404Estimated Mortgage Balance
$244,596Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,622 /month
Positive
Cash Flow Estimate:
$874 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$617/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,218
$437,000
2025
$69,366
$367,634
$437,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,218
$437,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$214,400
No
First
Jan 14, 2021
Feb 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,404
$244,596
55%
44%
$1,286/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,286/mo
+$940/mo
6.1%

City: South Houston

309 Weldon St | Property Details | No Agent List