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$199,000

NAL Estimated Property Value

7223 Lakewood Dr, Houston, TX, 77016

Off MarketInfo
LeaseInfo
Beds5 Beds
Baths3 Bath
Baths2,525 Sq Ft
price_per_sqft$1.19 / sqft
Year BuiltBuilt in 1955

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
HeatingHeating
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Refrigerator

Exterior

Lot Size7,322 sqft

Building Information

Year Built1955
Stories1

Land Information

APN0825160000006
Lot Number6
SubdivisionScenic Woods
Land UseResidential
Legal DescriptionLT 6 BLK 43 SCENIC WOODS
Census Tract231500
Assessed Land Value$52,287
Assessed Improvement Value$87,819
Assessment Year2025

About this property

Step into a unique opportunity in Scenic Woods with this 2,525 sq. ft. single-story property designed for flexible living or business use. The inviting front porch leads into a layout with a centrally located kitchen that serves as the heart of the home. Multiple rooms provide versatility for assisted living, senior care, daycare, medical use, or multi-generational living. ADA accessibility, a sprinkler system, a full-home generator, and city ordinance approval for up to 12 occupants ensure safety and compliance. Natural light enhances the open common areas, while bedrooms offer privacy and comfort. The kitchen’s central position makes it ideal for group dining or family gatherings, and the large yard with on-site parking expands options. With its adaptable floorplan, business-ready features, and residential warmth, this property is ready to serve the needs of care providers, entrepreneurs, or families seeking space and function in a convenient Houston location.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$346/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,157
$140,106
2025
$52,287
$87,819
$140,106
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,157
$140,106

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$206,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
10.4%

City: Houston

7223 Lakewood Dr | Property Details | No Agent List