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$440,839

427 E Fair Harbor Ln, Houston, TX, 77079

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,312 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$128.89 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher, Washer/Dryer
FlooringCarpet, Tile

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1055600010010
Lot Number9,10
SubdivisionBarker Court T/H
Land UseResidential
Legal DescriptionN 2 FT OF LT 9 & S 28 FT OF LT 10 BARKER COURT T/H
Census Tract450500
Assessed Land Value$73,950
Assessed Improvement Value$366,889
Assessment Year2025

About this property

This is a beautiful 2 story townhome in the heart of the Energy Corridor in Barkers Court community. It has a fully remodeled first floor with a modern kitchen, large dining and living space, half bath, utility room, 2 car garage and a large primary bedroom/bath with walk-in shower. 2 Bedrooms up with hollywood bath. The interior atrium has 3 walls of glass doors for lots of natural light. Backyard with grass, a brick area for storage and storage shed. Beautiful wood beam accents, updated light fixtures, stainless steel appliances, wood look tile floor, newer carpet and wood burning fireplace and a fantastic location and a close-knit community of townhomes nestled within a beautiful neighborhood of single family homes in Barkers Landing. Near Terry Hershey Park, Energy Park, Energy Corridor and one block off Memorial Drive. KATY ISD. Community patroled by armed security guard 24/7. Security cameras at entries/exits to community.

Investor Tools

Property Icon
$440,839
Estimated Property Value
$248,200Estimated Mortgage Balance
$216,784Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,645 /month
Positive
Cash Flow Estimate:
$882 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$741/month
$2,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,688
$440,839
2025
$73,950
$366,889
$440,839
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,688
$440,839

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Conventional
$248,200
No
First
Apr 22, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,055
$216,784
49%
51%
$1,489/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,600/mo
$3,989/mo
$-2,389/mo
4.4%

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.

Explore Texas Explore This Area
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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427 E Fair Harbor Ln | Property Details | No Agent List