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Owner Contacts

$765,000

NAL Estimated Property Value

3522 Merrick St, Houston, TX, 77025

Off Market

4 Beds

3 Bath

2,683 Sq Ft

Single Family Residence

$1.68 / sqft

Built in 1951

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Lot Size6,686 sqft

Building Information

Year Built1951

Stories1

Garage Spaces2

Land Information

APN0760170060014

Lot Number14

SubdivisionBraes Oaks

Land UseResidential

Legal DescriptionLT 14 BLK 6 BRAES OAKS SEC 1

Census Tract413100

Assessed Land Value$482,323

Assessed Improvement Value$156,258

Assessment Year2025

About this property

Updated home on a gorgeous street in Braes Heights. This home has so much to offer - 4 bedrooms & 3 full bathrooms and a home office which could be a 5th bedroom. Home has several custom built-ins & upgrades throughout. Wood floors in all living areas. Kitchen w/ quartz countertops, large island w/ gas range - opens to breakfast & family room. Split plan, primary bedroom/bathroom is separated from front 3 bedrooms. Primary has large custom designed walk-in closet. Large slate patio w/ gas fire place, gas grill & TV. Utility room houses washer/dryer & A LOT of storage cabinets. For energy efficiency - Dual pane LowE glass windows, hot water heater with circulating water pump & dual speed HVAC systems. Walk to highly desired Mark Twain Elem & Pershing MS and grocery. Close to hike & bike trail. Ready for immediate occupancy. 12 month lease minimum. Tenant(s) must pass background check. Sorry NO large dogs. Call today to see ALL this home has to offer! *owner/agent/property manager

Investor Tools

$765,000

Estimated Property Value

$82,725Estimated Mortgage Balance

$682,275Estimated Equity

89% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,590 /month

Positive

Cash Flow Estimate:

$1,530 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,156/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$10,044

$638,581

2025

$482,323

$156,258

$638,581

Tax History

Year

Tax Paid

Assessed Value

2024

$10,044

$638,581

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Independent Bank

Conventional

$250,350

First

Feb 23, 2015

Mar 2030

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$82,725

$698,275

89%

11%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,640/mo

N/A

+$2,640/mo

4.1%

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