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$528,000

NAL Estimated Property Value

3122 Cherry Mill Ct, Houston, TX, 77059

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,086 Sq Ft
price_per_sqft$113.42 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringCarpet, Tile

Exterior

Lot Size7,340 sqft

Building Information

Year Built1997
Garage Spaces2

Land Information

APN1178310020006
Lot Number6
SubdivisionNorthfork
Land UseResidential
Legal DescriptionLT 6 BLK 2 NORTHFORK SEC 3
Census Tract340202
Assessed Land Value$91,407
Assessed Improvement Value$390,193
Assessment Year2025

About this property

Investors Special! This house is a steal. It is nestled in the highly regarded Northfork subdivision, this 5-bedroom 3 1/2 bath has the potential to make dreams come true. Owners will enjoy a downstairs primary bedroom with a large ensuite bathroom. The kids have plenty of room upstairs with sizable bedrooms, generous closets, a huge game room, and a big bathroom with double sinks and separate closet and bathtub. There are two air conditioning units that contribute to the coziness of the house, one located upstairs and the other downstairs. A homey fireplace that can give you warmth during the cold winter time. This appealing home has a kitchen with a breakfast area and a sizeable center island. If you love having family and friends over the sizeable backyard is the perfect place to be and there's plenty of parking space in the driveway of the 2 car detached garage. Zoned to Clear Creek ISD schools and located near lots of shopping, restaurants, and entertainment.

Investor Tools

Property Icon
$528,000
Estimated Property Value
$376,694Estimated Mortgage Balance
$151,306Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,168 /month
Positive
Cash Flow Estimate:
$1,056 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$528/month
$535/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,699
$481,600
2025
$91,407
$390,193
$481,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,699
$481,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amoco Fcu
Conventional
$400,000
No
First
Mar 6, 2023
Apr 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,694
$104,906
21%
71%
$2,399/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,934/mo
+$406/mo
7.6%

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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3122 Cherry Mill Ct | Property Details | No Agent List