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$179,900

7102 Wendemere St, Houston, TX, 77088

$212,343 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths1 Bath
Baths1,790 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$100.5 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

BankruptcyDeal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size15,002 sqft

Building Information

Year Built1979
Stories1

Land Information

APN0162660590003
Lot Number59
SubdivisionHighland Acre Homes
Land UseResidential
Legal DescriptionTR 3 OF LT 59 BLK 4 HIGHLAND ACRE HOMES
Census Tract533200
Assessed Land Value$119,900
Assessed Improvement Value$126,940
Assessment Year2025

About this property

This 15,000-square-foot lot in the desirable Acres Homes community presents an excellent opportunity for builders, investors, or buyers looking to develop new construction. The property is being offered at lot value, with an existing home that may be suitable for removal to make way for new development. With new townhomes being built throughout the surrounding area and no deed restrictions, this property offers great potential for a variety of building opportunities. Take advantage of the continued development in the area and secure a spacious lot with endless possibilities. Room sizes are estimated, and buyer must independently verify all information provided.

Investor Tools

$0Estimated Mortgage Balance
$261,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$212,343
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,566 /month
Positive
Cash Flow Estimate:
$522 /month

Interested in this property?

Mitchell Haynes

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$342/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,797
$246,840
2025
$119,900
$126,940
$246,840
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,797
$246,840

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Option One Mtg Corp
Credit Line (Revolving) / Heloc
$60,000
No
First
N/A
Jan 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$261,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
N/A
+$1,722/mo
7.9%

City: Houston