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Owner Contacts

$367,528

NAL Estimated Property Value

403 Redway Ln, Houston, TX, 77598

Off Market

4 Beds

3 Bath

2,380 Sq Ft

$157.56 / sqft

Built in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

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

FlooringBamboo

Exterior

Private Pool

Lot Size13,870 sqft

Building Information

Year Built1980

Stories2

Garage Spaces2

Land Information

APN1141340150019

Lot Number19

SubdivisionPipers Meadow

Land UseResidential

Legal DescriptionLT 19 BLK 15 PIPERS MEADOW SEC 1

Census Tract341002

Assessed Land Value$54,952

Assessed Improvement Value$312,576

Assessment Year2025

About this property

Gorgeous custom home on oversized 14,000 sf cul-de-sac lot in the Clear Lake area; zoned to Clear Lake HS. Fantastic resort backyard boasts greenhouse, gazebo, & in-ground pool with removable childproof barrier. Functional floor plan offers spacious family room with soaring ceilings, flexible formal living/dining spaces, & updated Chef's kitchen with adjacent breakfast space. All 4 bedrooms & 2 updated full bathrooms upstairs. Seller is a builder & has put a ton of updates into his personal home including rich bamboo floors, fresh paint, upgraded lighting & more. 400sf garage apartment with full kitchen & bathroom built in 2017, perfect for multi-generational living or rental income. Low utility bills thanks to updated double pane windows, ceiling fans in most rooms, radiant barrier in attic, & 2019 roof.

Investor Tools

$367,528

Estimated Property Value

$370,955Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,250 /month

Positive

Cash Flow Estimate:

$750 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$165/month

$350/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$144

$367,528

2025

$54,952

$312,576

$367,528

Tax History

Year

Tax Paid

Assessed Value

2020

$144

$367,528

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cmg Mortgage Inc

Fha

$368,207

Yes

First

Aug 26, 2024

Sep 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$370,955

N/A

101%

$2,297/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,500/mo

$2,647/mo

$-147/mo

8.2%

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