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Owner Contacts

$392,000

NAL Estimated Property Value

429 E Fair Harbor Ln, Houston, TX, 77079

Off Market

3 Beds

4 Bath

2,415 Sq Ft

Condos / Townhouses

$123.4 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher, Oven

FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1977

Stories2

Garage Spaces2

Land Information

APN1055600010009

Lot Number9

SubdivisionBarker Court T/H

Land UseResidential

Legal DescriptionS 28 FT OF LT 9 BARKER COURT T/H

Census Tract450500

Assessed Land Value$73,950

Assessed Improvement Value$309,384

Assessment Year2025

About this property

REMODELED, beautiful 2 story HOME-. kitchen w/Granite counter tops, wood look tile floor, stainless appliances, refrigerator included, designed back-splash, easy opening/closing kitchen cabinets; spacious laundry room w/washer and dryer (included); 2 car garage; living & dining with wood look tile floors, ceiling fan; entertainment media & bookcases; half bath on 1st floor; 2 bedrooms down with small office spaces & desk, custom carpentry closets, separate bathrooms & access to the back- one of the rooms can be used as another Master bedroom. Master bedroom upstairs with walk in closet; terrace with amazing views & stairway to the 1st floor-back. Security guard patrols neighborhood 24/7. Pipes replaced with Manifold pipes/Insulated Pex. Some amenities; Club house, Community pool, grounds, recreational facilities, tennis & basketball courts. Near by Terry Hershey Park, premier shopping, parks, Memorial City Mall & City Center, Oil/Gas companies. Great LOCATION in the ENERGY CORRIDOR.

Investor Tools

$392,000

Estimated Property Value

$202,209Estimated Mortgage Balance

$189,791Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,352 /month

Positive

Cash Flow Estimate:

$784 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$631/month

$2,528/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,607

$383,334

2025

$73,950

$309,384

$383,334

Tax History

Year

Tax Paid

Assessed Value

2024

$5,607

$383,334

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Better Mortgage Corporation

Conventional

$224,000

First

Apr 14, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$202,209

$194,791

49%

52%

$1,343/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,110/mo

$3,871/mo

$-1,761/mo

6.5%

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