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$228,000

1601 S Shepherd Dr # 1, Houston, TX, 77019

On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths847 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$269.19 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Washer/Dryer Stacked, Dishwasher
FlooringTile

Exterior

Lot Size8.54 acres

Building Information

Year Built1978
Stories1

Land Information

APN1141710170004
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 118 BLDG R .004130 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$35,753
Assessed Improvement Value$152,423
Assessment Year2025

About this property

WONDERFUL!! 1st floor 1bedroom Plus Study/Den or Guest Suite. Large gated private patio. Living Room has fireplace and French door to patio. Dining Room opens to Kitchen and Living room. Primary Bedroom with doors to private patio has Walk-In closet. Luxurious Large Glass Block shower in Bath(Previous owner enlarged bath by extending into 1/2 bath). Extra room can be Study/Den or Guest Suite(no closet). Tile floors throughout with mostly tile faux wood look( No Carpet). Wood Blinds on all windows and doors. Stackable washer/dryer. Move-in ready. Lush grounds with large community pool. Quiet and well established complex with 24 hour security. Unbelievable walkability! Adjacent to River Oaks Shopping District with Restaurants, Bookstore, and Grocery--All IN WALKING DISTANCE--NEXT BLOCK OR ACROSS THE STREET. UPSCALE LOCATION! Across the street from Houston's Prestigious River Oaks Neighborhood. Minutes to Downtown, Museum Districts, Galleria and Med. Center. Great Condo!!

Investor Tools

$12,985Estimated Mortgage Balance
$193,015Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

Interested in this property?

Cynthia Lathrop

Lathrop Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$279/month
$485/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,319
$188,176
2025
$35,753
$152,423
$188,176
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,319
$188,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Cu
Unknown
$30,500
No
First
Aug 19, 2005
Aug 2010

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,985
$193,015
93%
6%
$183/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,640/mo
$668/mo
+$972/mo
9.6%

City: Houston