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$937,000

NAL Estimated Property Value

5603 Locke Ln, Houston, TX, 77056

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,022 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$313.53 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size9,392 sqft

Building Information

Year Built1963
Stories1
Garage Spaces2

Land Information

APN0780090010013
SubdivisionBriarcroft
Land UseResidential
Legal DescriptionTR 3 BLK 1 BRIARCROFT
Census Tract431801
Assessed Land Value$532,583
Assessed Improvement Value$196,201
Assessment Year2025

About this property

Welcome to this charming single story home in Briarcroft set on a horseshoe lot with a finished canopy of gorgeous oak trees. This home is warm & inviting and offers spacious living with vaulted ceilings, hardwood flooring & abundant natural light. The living room has a wood burning fireplace with custom built ins & wall of windows/doors overlooking pool and backyard. The kitchen features marble countertops, stainless appliances and is open to a breakfast nook and adjacent to a flex space currently used as a study. There is a wonderful space in the back that is adorned w windows & used as a family movie space. Primary suite is spacious & has expanded tile bath with separate shower/soaking tub & dual closets. Secondary bedroom has ensuite bath & third bedroom has access to hall bath. Great floor plan and built in wet bar. Recent improvements include roof, fresh paint, AC system and partial under slab plumbing replacement. Convenient location with close proximity to shopping & dining.

Investor Tools

Property Icon
$937,000
Estimated Property Value
$797,271Estimated Mortgage Balance
$139,729Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,685 /month
Positive
Cash Flow Estimate:
$1,895 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,342/month
$879/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,420
$728,784
2025
$532,583
$196,201
$728,784
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,420
$728,784

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Open End Mortgage / Open End With Future Advance Clause
$60,000
No
First
Jan 12, 2016
Jan 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$797,271
$136,729
14%
85%
$4,893/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,772/mo
$-3,192/mo
3.3%

City: Houston

5603 Locke Ln | Property Details | No Agent List