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$262,500

1601 S Shepherd Dr Apt 281, Houston, TX, 77019

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths1,020 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$257.35 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher

Exterior

Lot Size8.54 acres

Building Information

Year Built1978
Stories1

Land Information

APN1141710010025
SubdivisionRiver Oaks Gardens Condo 3rd Amend
Land UseResidential
Legal DescriptionTH 281 BLDG B .005459 INT COMMON LAND & ELE RIVER OAKS GARDENS CONDO 3RD AMEND
Census Tract410401
Assessed Land Value$53,380
Assessed Improvement Value$227,566
Assessment Year2025

About this property

DON'T MISS THIS GEM! A beautiful condo in the highly sought after, gated community of River Oaks Gardens.You will forget you are in one of the most vibrant areas of Houston, once you enter this tranquill, park-like setting with incredible 100 year old Oak trees & lush landscaping. This unit stands out for it's valuable upgrades within the last 2 years: replumbing of the 50 year old galvanized pipes, new & efficient A/C, thoughtfully remodeled kitchen wt. new cabinets, soft closing drawers, modern fixtures, and gorgeous wood flooring throughout the living areas. Offers 2 Bedrooms & 2 Full Baths. This 2nd floor flat is conveniently located close to the guard office, mail room, and your assigned, covered parking space. Residents enjoy exceptional ammenities including concierge garbage pickup (no more trips to the dumpster) 24/7 Courtesy guards, and a beautiful resort style pool. Easy access to great shopping and dining, steps away from the historic, newly restored River Oaks Theater!

Investor Tools

$173,068Estimated Mortgage Balance
$107,878Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,686 /month
Positive
Cash Flow Estimate:
$562 /month

Interested in this property?

Lyla Gillaspie

Central Metro Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$519/month
$580/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,818
$280,946
2025
$53,380
$227,566
$280,946
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,818
$280,946

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cu Members Mortgage
Conventional
$195,200
No
First
Dec 1, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,068
$107,878
38%
62%
$1,171/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,250/mo
$1,751/mo
+$499/mo
9.6%

City: Houston

1601 S Shepherd Dr Apt 281 | Property Details | No Agent List