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$3,495,000

24 E Rivercrest Dr, Houston, TX, 77042

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths5,533 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$631.66 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Convection Oven, Double Oven, Microwave, Electric Cooktop, Dishwasher, Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSide Yard, Sprinkler System
Lot Size3.77 acres

Building Information

Year Built1999
Garage Spaces6

Land Information

APN0720820010011
Lot Number11
SubdivisionRivercrest
Land UseResidential
Legal DescriptionLT 11 BLK 1 RIVERCREST
Census Tract431001
Assessed Land Value$2,639,070
Assessed Improvement Value$2,338,247
Assessment Year2025

About this property

Rare opportunity to acquire a gated legacy estate in the prestigious Rivercrest Addition, encompassing approximately 3.6 Acres per survey. Offering exceptional privacy, the property is heavily wooded and highlighted by a private lake, private well, whole home generator, and horse stables with pasture; all set among expansive grounds. The existing home features a single story floorplan with beautiful views over the private lake and charming finishes. An extraordinary setting with the opportunity to create a private compound featuring a primary residence with guest house, staff quarters, garages, additional outbuildings, tennis court, pool, or other custom amenities limited only by vision. A truly rare Rivercrest offering of acreage, serenity, and potential. See the listing next door at 26 W Rivercrest for the opportunity to acquire additional acreage.

Investor Tools

$1,615,694Estimated Mortgage Balance
$4,689,306Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$37,830 /month
Positive
Cash Flow Estimate:
$12,610 /month

Interested in this property?

Walter Bering

Martha Turner Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$8,750/month
$3,600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$73,473
$4,977,317
2025
$2,639,070
$2,338,247
$4,977,317
No

Tax History

Year
Tax Paid
Assessed Value
2024
$73,473
$4,977,317

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Arm (Adjustable Rate Mortgage)
$2,200,000
No
First
Nov 12, 2015
Dec 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,615,694
$4,689,306
74%
26%
$9,276/mo

City: Houston