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$1,995,000

706 Mulberry Ln, Bellaire, TX, 77401

On MarketInfo
Beds4 Beds
Baths6 Bath
Baths3,798 Sq Ft
price_per_sqft$525.28 / sqft
Year BuiltBuilt in 1988

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size13,199 sqft

Building Information

Year Built1988
Stories2
Garage Spaces4

Land Information

APN0370410000068
SubdivisionWestmoreland Farms
Land UseResidential
Legal DescriptionTR 19G BLK 1 WESTMORELAND FARMS
Census Tract412700
Assessed Land Value$815,063
Assessed Improvement Value$391,737
Assessment Year2025

About this property

LOCATED MINUTES FROM THE MEDICAL CENTER.Experience luxury living with peace of mind in this beautifully remodeled home, thoughtfully designed to withstand floods and power outages. Elevated more than 3 feet above the flood plain in 2017. The home offers FOUR SPACIOUS ON-SUITE bedrooms.Rich hickory hardwood floors (2018) create a warm, sophisticated backdrop throughout, while new casement windows(2021)provide ample natural light and open fully for easy cleaning. The beautiful chef's kitchen features premium Thermador appliances, gleaming quartzite countertops grace the oversized island which includes a microwave drawer. Solar panels (2023)that can generate up to 108% of the home's electrical needs on sunny days. A whole-house generator (2022) is discreetly located behind the garage. The oversized garage is complemented by a carport(2021)and an electric vehicle charging station(2024).............UNIQUE HOME HAS SOLAR PANELS, WHOLE-HOUSE GENERATOR AND AN ELECTRIC VEHICLE CHARGING STATION.

Investor Tools

$1,553,053Estimated Mortgage Balance
$1,214,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,970 /month
Positive
Cash Flow Estimate:
$3,990 /month

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Elizabeth Galvan

Agent Liz Real Estate, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,888/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$16,592
$1,206,800
2025
$815,063
$391,737
$1,206,800
No

Tax History

Year
Tax Paid
Assessed Value
2024
$16,592
$1,206,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Compass Bank
Conventional
$859,200
No
First
Mar 14, 2017
Apr 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,553,053
N/A
0%
128%
$10,732/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$10,732/mo
$-7,392/mo
3.3%

City: Bellaire