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Owner Contacts

$298,000

NAL Estimated Property Value

7722 Redding Rd, Houston, TX, 77036

Off Market

5 Beds

2 Bath

2,251 Sq Ft

Single Family Residence

$126.61 / sqft

Built in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Gas Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Lot Size13,199 sqft

Building Information

Year Built1961

Garage Spaces2

Land Information

APN0933430000016

Lot Number16

SubdivisionSharpstown Country Club Terr 2

Land UseResidential

Legal DescriptionLT 16 BLK 42 SHARPSTOWN COUNTRY CLUB TERRACE SEC 2

Census Tract433300

Assessed Land Value$143,640

Assessed Improvement Value$118,360

Assessment Year2025

About this property

Multiple offers received. Investors and flippers, here’s your chance! This 5-bedroom, 2-bath home sits on a large and spacious lot, offering plenty of potential for expansion or outdoor enjoyment. With two bedrooms on the main floor and a large formal living/dining area, there's room to reimagine the layout, including an expansion into the family room or expanding the kitchen. An experienced and confident flipper will quickly identify the endless possibilities. Please note: the property in its current condition is not eligible for VA or FHA loans. Sellers are seeking a fast close and will consider serious offers with proof of funds. Don’t miss out on this great investment opportunity!

Investor Tools

$298,000

Estimated Property Value

$160,376Estimated Mortgage Balance

$137,624Estimated Equity

45% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,788 /month

Positive

Cash Flow Estimate:

$596 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$131/month

$250/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$86

$262,000

2025

$143,640

$118,360

$262,000

Tax History

Year

Tax Paid

Assessed Value

2024

$86

$262,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

New Day Financial Llc

Reverse Mortgage / Hecm

$228,000

First

Apr 25, 2013

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$160,376

$135,624

45%

54%

$1,367/mo

Learn About the Market: Opportunity in Houston

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