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$3,069,000

NAL Estimated Property Value

3602 Locke Ln, Houston, TX, 77027

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths5,297 Sq Ft
price_per_sqft$556.92 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size10,250 sqft

Building Information

Year Built1990
Stories2
Garage Spaces2

Land Information

APN0601600720015
Lot Number15
SubdivisionRiver Oaks
Land UseResidential
Legal DescriptionLT 15 & TR 16 BLK 72 RIVER OAKS SEC 8
Census Tract411400
Assessed Land Value$1,558,000
Assessed Improvement Value$1,304,500
Assessment Year2025

About this property

Striking 3-5 bedroom contemporary River Oaks home with soaring ceilings and open floor plan. Front entry area has floating spiral staircase with access to two-story living room. Walls of windows for natural light and great wall space for art. Rich hardwood floors with slate surround accent. Cozy library sitting room off of living room with staircase to loft. Dining room with open access to kitchen area. Kitchen with center island, wet bar area, and breakfast area nook. Kitchen opens to family room with fireplace, work station, entertainment area, and back stairs. Great views of patio and pool from all rooms downstairs. Resort-like back yard with covered outdoor seating areas, pool with waterfall, and additional canopy covered terrace for second floor bedrooms. Master bedroom suite on third floor with luxurious bath, fireplace, balcony, and treehouse views. Secondary en suite bedrooms. Bedroom in back could be quarters or guest suite. Gorgeous wooded setting across from Pumpkin Park.

Investor Tools

Property Icon
$3,069,000
Estimated Property Value
$443,397Estimated Mortgage Balance
$2,625,603Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$18,414 /month
Positive
Cash Flow Estimate:
$6,138 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$5,287/month
$2,292/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$48,095
$2,862,500
2025
$1,558,000
$1,304,500
$2,862,500
No

Tax History

Year
Tax Paid
Assessed Value
2024
$48,095
$2,862,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Fidelity Inc
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$995,000
No
First
Sep 19, 2005
Oct 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$443,397
$2,819,603
86%
14%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,292/mo
+$1,048/mo
1.3%

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.

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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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3602 Locke Ln | Property Details | No Agent List