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$449,000

8800 Woodway Dr Apt 15, Houston, TX, 77063

$583,700 ARVInfo
PendingInfo
Beds3 Beds
Baths5 Bath
Baths3,860 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$116.32 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Trash Compactor, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer, Cooktop
FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1983
Stories2
Garage Spaces2

Land Information

APN1081990030001
SubdivisionLake Vargo T/H R/P
Land UseResidential
Legal DescriptionTR 15C BLDG C LAKE VARGO T/H R/P
Census Tract431206
Assessed Land Value$129,050
Assessed Improvement Value$380,551
Assessment Year2025

About this property

Welcome home to this beautiful home located in the gated and tranquil community of Lake Vargo! This 3 bedroom, 4.5 bathroom home with elevator is filled with natural light. With an expansive floorplan and versatile living areas, this home has plenty of space for all lifestyles. Island kitchen features stove top, stainless steel dishwasher, and bright breakfast room with access to one of two patios. Kitchen offers access to the formal dining room and wet bar. The main living area boasts high ceilings with recessed lights and access to a second patio area with turf. Primary suite with balcony and fireplace, separate bathrooms, and walk-in closets. Ensuite guest bedrooms are generous in size and feature walk-in closets. The home is located across from the beautiful bayou views accessed from a winding path. Community pool is just steps away from your front door. Roof 2016, HVAC 2018, PEX Pipes, Central Vac, Refrigerator 2024, Dishwasher 2024. Do not miss this incredible opportunity!

Investor Tools

$388,104Estimated Mortgage Balance
$121,497Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$583,700
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,058 /month
Positive
Cash Flow Estimate:
$1,019 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$466/month
$7,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,045
$509,601
2025
$129,050
$380,551
$509,601
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,045
$509,601

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Zb Na
Credit Line (Revolving) / Heloc
$397,500
No
First
Feb 11, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$388,104
$121,497
23%
76%
$2,384/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,980/mo
$9,884/mo
$-7,904/mo
4.7%

City: Houston

8800 Woodway Dr Apt 15 | Property Details | No Agent List