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$210,000

16618 Larchwood Dr, Houston, TX, 77396

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths884 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$237.56 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

BankruptcyAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator Included, Convection Oven, Microwave, Electric Cooktop
FlooringTile

Exterior

Lot Size7,200 sqft

Building Information

Year Built1974
Stories1
Garage Spaces2

Land Information

APN0931700000611
Lot Number611
SubdivisionGlen Lee Place
Land UseResidential
Legal DescriptionLT 611 BLK 24 GLEN LEE PLACE SEC 3
Census Tract241501
Assessed Land Value$46,440
Assessed Improvement Value$115,524
Assessment Year2025

About this property

Welcome to this updated home offering modern finishes, major improvements and exciting potential for additional living space or rental income! The home features an updated kitchen with quartz countertops and appliances that convey with the property. The bathroom has been updated with a quartz vanity and beautifully retiled walk-in shower. Major updates include a 4-year-old roof on the main home, 4-year-old AC, 4-year-old tankless water heater, and a 2-year-old roof on the rear addition. The rear addition is partially finished and offers potential for a separate living area, guest suite, home office, or income-producing apartment. Since purchasing, the owners have added new siding and insulation to the addition, giving the next owner a head start on finishing the space. Outside, a gated driveway provides added privacy and security, while the oversized carport offers plenty of covered parking. With stylish updates and added potential, this property is ready for its next owner!

Investor Tools

$139,190Estimated Mortgage Balance
$22,774Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,260 /month
Positive
Cash Flow Estimate:
$420 /month

Interested in this property?

Sydney Peterson

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$224/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,883
$161,964
2025
$46,440
$115,524
$161,964
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,883
$161,964

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Garza Family Limited Partnership
Commercial
$140,000
No
First
May 26, 2026
Jun 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,190
$22,774
14%
86%
$840/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,430/mo
$840/mo
+$590/mo
10.6%

City: Houston

16618 Larchwood Dr | Property Details | No Agent List