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Owner Contacts

$155,000

NAL Estimated Property Value

706 Redondo Dr, Houston, TX, 77015

Off Market

3 Beds

1 Bath

1,400 Sq Ft

$80.64 / sqft

Built in 1950

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

Heating Central

Cooling

FlooringLaminate, Tile

Exterior

Lot Size7,871 sqft

Building Information

Year Built1950

Stories1

Garage Spaces1

Land Information

APN0820640000103

SubdivisionHome Owned Estates

Land UseResidential

Legal DescriptionLT 21O3 BLK 73 HOME OWNED ESTATES SEC 5

Census Tract233200

Assessed Land Value$58,551

Assessed Improvement Value$95,097

Assessment Year2025

About this property

Discover the untapped potential of this charming property less than 20-minutes to Downtown, Houston. This home has 3-bedrooms, 1-full bathroom, 1-car attached garage and a large patio room. A/C is in working condition. Roof is approximately 8-years old. Home is zoned to Galena Park ISD, with Cimarron Elementary 2-minutes away. Greenwood Park is 1-minute away. Less than 10-minutes to East Houston Hospital. Easy access to Uvalde St., Normandy St, and I-10. Not in a flood zone. No back neighbors for added privacy. This property is being sold "As-Is," providing the perfect opportunity to transform it into one’s vision and maximize its value. Don't miss out on this investment opportunity!

Investor Tools

$155,000

Estimated Property Value

$154,770Estimated Mortgage Balance

$230Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$930 /month

Positive

Cash Flow Estimate:

$310 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$192/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,523

$153,648

2025

$58,551

$95,097

$153,648

Tax History

Year

Tax Paid

Assessed Value

2024

$1,523

$153,648

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Frost Bank

Conventional

$155,900

First

Dec 1, 2025

Dec 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$154,770

$230

100%

$935/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$935/mo

+$787/mo

13.3%

Learn About the Market: Opportunity in Houston

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