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$479,999

702 N Shepherd Drive, Houston, TX, 77007

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,878 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$255.59 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh EquityMove-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, Refrigerator
FlooringTile, Wood

Exterior

Lot Size1,442 sqft

Building Information

Year Built2014
Garage Spaces2

Land Information

APN1342710010031
Lot Number31
SubdivisionPark Place In The Heights
Land UseResidential
Legal DescriptionLT 31 BLK 1 PARK PLACE IN THE HEIGHTS
Census Tract510500
Assessed Land Value$122,485
Assessed Improvement Value$354,872
Assessment Year2025

About this property

Welcome to this rare find in the heart of the Heights where location and community pool truly set this home apart. Situated on the Heights Hike & Bike Trail and just steps from some of Houston’s most loved dining, shopping, and entertainment, this like-new 3 bed 3 bath gem puts you at the center of one of the city’s most desired communities. This well-maintained, move-in ready home offers open-concept plan with elevated island kitchen. Show-stopping kitchen features gas cooktop, stainless appliances, tons of counter & cabinet space. Perfect for entertaining and/or your everyday routine. Primary retreat includes en-suite bath w/ double vanities, tub, shower, and huge walk-in closet. Enjoy happy hour in your private front yard or step outside your door to the Hike & Bike Trail, tons of local coffee shops, restaurants, shopping, & so more more. Easy access to I10, 610, all Heights has to offer. This is a must-see!! Buyer to verify all info. Schedule your private showing today.

Investor Tools

Property Icon
$519,000
Estimated Property Value
$0Estimated Mortgage Balance
$195,355Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,114 /month
Positive
Cash Flow Estimate:
$1,038 /month

Interested in this property?

Brookes Cunningham

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,063/month
$3,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,165
$477,357
2025
$122,485
$354,872
$477,357
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,165
$477,357

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Unknown
$341,900
No
First
Jun 7, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$323,645
$195,355
37%
62%
$2,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$5,150/mo
$-2,570/mo
6.0%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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