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$330,000

NAL Estimated Property Value

613 E Forest Ave, Shoreacres, TX, 77571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,156 Sq Ft
price_per_sqft$132.65 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

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

Exterior

Private PoolPrivate Pool
Lot Size12,998 sqft

Building Information

Year Built1962
Stories1
Garage Spaces2

Land Information

APN0580580280008
Lot Number8
SubdivisionShoreacres
Land UseResidential
Legal DescriptionLT 8 BLK 28 SHOREACRES
Census Tract341700
Assessed Land Value$45,500
Assessed Improvement Value$243,411
Assessment Year2025

About this property

Welcome Home! This Beautifully remodeled home is located in the sought after Shoreacres Community, just a 5 minute walk from the Bay. This Mid-Century 3 bed, 2bath, 1584 Sq ft home features quarts counter tops, brand new appliances and marble title backsplash. The living room has french doors which boast a newly updated in ground pool with a view that takes your breath away, while you sit under your covered patio. The 562 sq ft Mother-in law/Guest Suite which could serve as a great rental income stream has been taken down to the studs and looks immaculate. The nice soft and cozy colors this home has, gives you so many options to come and make this home yours. The neighborhood offers a private boat ramp where you can fish, but also offers a yearly membership to the Houston Yacht Club. Come take a look this home won't last long.

Investor Tools

Property Icon
$330,000
Estimated Property Value
$296,814Estimated Mortgage Balance
$33,186Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$324/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,232
$288,911
2025
$45,500
$243,411
$288,911
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,232
$288,911

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aj100k Investments Llc
Purchase Money Mortgage
$304,000
No
First
Jan 13, 2025
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$296,814
$24,186
7%
90%
$1,823/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,823/mo
$-101/mo
6.3%

City: Shoreacres

613 E Forest Ave | Property Details | No Agent List