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$247,595

NAL Estimated Property Value

3116 Grassmere St, Houston, TX, 77051

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,547 Sq Ft
price_per_sqft$142.15 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringCarpet, Laminate, Tile

Exterior

Lot Size7,153 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN0810130000011
Lot Number11
SubdivisionReedwoods
Land UseResidential
Legal DescriptionLT 11 BLK 13 REEDWOODS
Census Tract331300
Assessed Land Value$79,200
Assessed Improvement Value$168,395
Assessment Year2025

About this property

Charming Brick Home with Recent Upgrades!Step into comfort and peace of mind in this well-maintained 3-bedroom brick home, built in 2005. Enjoy major recent updates including a new roof, fresh interior paint, and a newer AC system ! Sitting on a generous lot, this home offers great space inside and out. With a functional layout, natural light, and a solid brick exterior, it’s the perfect blend of value and charm. Don’t miss out—this move-in-ready gem won’t last long!

Investor Tools

Property Icon
$247,595
Estimated Property Value
$226,817Estimated Mortgage Balance
$20,778Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,486 /month
Positive
Cash Flow Estimate:
$495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$351/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,973
$247,595
2025
$79,200
$168,395
$247,595
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,973
$247,595

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$229,837
Yes
First
Aug 12, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$226,817
$20,778
8%
92%
$1,378/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,378/mo
+$344/mo
8.3%

City: Houston

3116 Grassmere St | Property Details | No Agent List