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Owner Contacts

$1,712,000

NAL Estimated Property Value

616 Redan Street, Houston, TX, 77009

Off Market

4 Beds

4 Bath

3,576 Sq Ft

$363.26 / sqft

Built in 2020

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator, Cooktop

FlooringTile, Wood

Exterior

Exterior FeaturesBalcony

Lot Size5,001 sqft

Building Information

Year Built2020

Stories1

Garage Spaces2

Land Information

APN0580050010001

Lot Number1

SubdivisionHermosa Court

Land UseResidential

Legal DescriptionLT 1 BLK 1 HERMOSA COURT

Census Tract510302

Assessed Land Value$500,000

Assessed Improvement Value$1,099,032

Assessment Year2025

About this property

Now completed! Fantastic Heights new construction by Jamestown Estate Homes. Study can double as a downstairs 5th bedroom. Dining room conveniently located near wine bar and kitchen. Fantastic kitchen featuring extra-large island with counter seating space. Huge family room (23'8" by 20') with views of the back yard. Generously-sized outdoor living space (14'4" x 13'8") opens to back yard with room for a pool. Stunning master suite upstairs with balcony, a vaulted ceiling in the bath, 2 closets and a convenient pass-through from a closet to the laundry room. 3 additional secondary bedrooms up, each with walk-in closets. Spacious garage (20'x21') to accommodate oversized vehicles. Zoned to sought-after Travis Elementary, located in close walking distance.

Investor Tools

$1,712,000

Estimated Property Value

$932,582Estimated Mortgage Balance

$779,418Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$10,272 /month

Positive

Cash Flow Estimate:

$3,424 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,980/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$27,195

$1,599,032

2025

$500,000

$1,099,032

$1,599,032

Tax History

Year

Tax Paid

Assessed Value

2024

$27,195

$1,599,032

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Chevron Fcu

Conventional

$1,039,200

First

Jan 8, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$932,582

$779,418

45%

54%

$6,231/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$6,231/mo

$-4,005/mo

1.6%

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