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$402,473

NAL Estimated Property Value

6617 Merry Ln, Houston, TX, 77023

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,166 Sq Ft
price_per_sqft$188.83 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Oven
FlooringTile, Vinyl, Wood

Exterior

Lot Size6,874 sqft

Building Information

Year Built1949
Garage Spaces3

Land Information

APN0622100020002
Lot Number2
Land UseResidential Single Family
Legal DescriptionLT 2 BLK 1 IDYLWOOD 2ND PAR R/P
Census Tract310700
Assessed Land Value$138,886
Assessed Improvement Value$263,587
Assessment Year2025

About this property

Opportunities like this only occur once in a lifetime! First time this custom, one owner, Home has ever been for sale! Meticulously maintained this oversized 3/2/2 was expanded, remodeled & upgraded - ideal for a new owner to add their desired touches to it & make it their Home, or simply enjoy it as is! Sound foundation (per engineer’s report), refurbished Oak hardwoods, new roof, double pane windows, fresh paint, fresh landscaping, irrigation system, custom screen doors, security alarm, termite prevention system & on & on - already exist! Inviting & spacious floorplan boasts Formal Living & Dining Rms, Great Room w/ F/P, Den & cheerful Kit w/ corner window sink & Breakfast Rm, WOW! Two car detached garage, spacious lot, drive way gate w/ extra parking & fresh paint! The Home has NEVER EVER flooded. Come Home to coveted Idylwood & enjoy Spurlock Park, Gus Wortham Golf Course, immediate proximity to Downtown, Med Center & all things blossoming in/around the East End Revitalized!

Investor Tools

Property Icon
$402,473
Estimated Property Value
$276,360Estimated Mortgage Balance
$126,113Estimated Equity
33% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,454 /month
Positive
Cash Flow Estimate:
$818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$891/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,684
$402,473
2025
$138,886
$263,587
$402,473
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,684
$402,473

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chevron Fcu
Conventional
$295,000
No
First
Dec 9, 2022
Jan 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,360
$139,640
33%
69%
$1,769/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,769/mo
$-47/mo
5.1%

City: Houston

6617 Merry Ln | Property Details | No Agent List