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$375,000

1602 Emerald Lake Ct, Houston, TX, 77062

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,243 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$167.19 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesBack Green Space
Lot Size8,847 sqft

Building Information

Year Built1993
Garage Spaces1

Land Information

APN1174890040014
Lot Number14
SubdivisionBay Pointe
Land UseResidential
Legal DescriptionLT 14 BLK 4 BAY POINTE SEC 3
Census Tract340202
Assessed Land Value$78,660
Assessed Improvement Value$294,799
Assessment Year2025

About this property

Welcome Home in Bay Pointe to this 4-2-1 home on a quiet cul-de-sac! The lot has no side neighbors in the heart of Clear Lake. No carpet throughout with high ceilings, natural light, and a newly painted interior. Two large living spaces, remodeling in the kitchen and both bathrooms. The windows were upgraded to double pane. The huge master suite has a barn door into the bathroom with two sinks, separate shower and soaking tub. All new fencing outside less than years ago. The community has a pool and tennis courts. Come and see!

Investor Tools

$121,175Estimated Mortgage Balance
$252,284Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

David LeBoy

RE/MAX Space Center

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
$900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,887
$373,459
2025
$78,660
$294,799
$373,459
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,887
$373,459

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$133,200
No
First
Dec 2, 2021
Dec 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,175
$252,284
67%
32%
$799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,699/mo
+$23/mo
5.5%

City: Houston