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$1,829,000

NAL Estimated Property Value

3445 Locke Ln, Houston, TX, 77027

$1,871,630 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,726 Sq Ft
price_per_sqft$621.79 / sqft
Year BuiltBuilt in 1939

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,945 sqft

Building Information

Year Built1939
Garage Spaces1

Land Information

APN0601590640005
Lot Number5
SubdivisionRiver Oaks
Land UseResidential
Legal DescriptionLT 5 BLK 64 RIVER OAKS SEC 7
Census Tract411400
Assessed Land Value$1,132,163
Assessed Improvement Value$522,837
Assessment Year2025

About this property

Classic River Oaks property in the heart of the desirable St. John's section. This home features original hardwood floors, tons of natural light with floor to ceiling windows, recent updates and a gleaming salt water pool. This 3 bedroom, 2.5 bath home features flexible living space on the first floor, a recently updated Kitchen and a floor plan that encourages seamless indoor/outdoor entertaining! All bedrooms are located on the second floor, which also features a bonus space that can be used as an additional bedroom, playroom, home office, etc! Located just steps from Pumpkin Park and many local restaurants and stores, you won't want to miss this opportunity!

Investor Tools

Property Icon
$1,829,000
Estimated Property Value
$723,047Estimated Mortgage Balance
$1,105,953Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,871,629
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,974 /month
Positive
Cash Flow Estimate:
$3,658 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,776/month
$2,457/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,166
$1,655,000
2025
$1,132,163
$522,837
$1,655,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,166
$1,655,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers Bank & Trust
Conventional
$750,000
No
First
May 28, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$723,047
$1,315,953
64%
40%
$4,497/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$6,954/mo
$-4,374/mo
1.7%

City: Houston

3445 Locke Ln | Property Details | No Agent List