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$399,000

$415,000

7303 Long Point Rd, Houston, TX, 77055

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,466 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.17 / sqft
Year BuiltBuilt in 1951

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Free-Standing Range, Gas Range
FlooringTile, Wood

Exterior

Lot Size7,867 sqft

Building Information

Year Built1951
Stories1

Land Information

APN0771210060006
Lot Number6
SubdivisionPine Terrace
Land UseResidential
Legal DescriptionLT 6 BLK 6 PINE TERRACE
Census Tract520301
Assessed Land Value$265,770
Assessed Improvement Value$73,330
Assessment Year2025

About this property

Situated along the rapidly evolving Long Point corridor, this property offers strong potential for redevelopment, renovation, or commercial/residential mixed-use. Centrally located just minutes from Downtown Houston, the Galleria, and major freeways, this 1951 home sits on a generously sized lot with extended driveway access. Positioned across from the upcoming Long Point Social Club and surrounded by new construction, the location benefits from ongoing area growth. Interior features include original solid oak wood flooring, a functional layout with multiple living areas, and flexible-use spaces. The kitchen and two full bathrooms were updated in 2024, and all appliances convey. Additional 2022-2024 updates include custom double-pane Low-E sound-efficient windows, insulated steel doors, a radiant barrier attic system, whole-house PEX plumbing from the city meter, whole-house water filtration, and a UV antibacterial air purifier installed in 2024.

Investor Tools

$74,869Estimated Mortgage Balance
$395,131Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,820 /month
Positive
Cash Flow Estimate:
$940 /month

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Wendy Cline Properties Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$337/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,694
$339,100
2025
$265,770
$73,330
$339,100
No

Tax History

Year
Tax Paid
Assessed Value
2020
$1,694
$339,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zeus Mortgage Ltd
Stand Alone First / Home Equity First Lien
$103,280
No
First
Mar 10, 2014
Apr 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$74,869
$395,131
84%
16%
$620/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$620/mo
+$1,102/mo
4.4%

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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7303 Long Point Rd | Property Details | No Agent List