1view

Owner Contacts

$1,829,000

NAL Estimated Property Value

3445 Locke Ln, Houston, TX, 77027

$2,010,690 ARV

Off Market

3 Beds

3 Bath

2,726 Sq Ft

$621.79 / sqft

Built in 1939

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Bathrooms Half 1

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Wood

Exterior

Private 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

$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)

$2,010,690

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

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

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%

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