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$89,000

7826 Richland Dr, Houston, TX, 77028

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths1 Bath
Baths864 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.01 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size8,930 sqft

Building Information

Year Built1946
Stories1

Land Information

APN0761170040024
Lot Number24
SubdivisionParkhurst Estates
Land UseResidential
Legal DescriptionLT 24 BLK 4 PARKHURST ESTATES
Census Tract231000
Assessed Land Value$68,201
Assessed Improvement Value$28,642
Assessment Year2025

About this property

NO HOA, NO FLOOD ZONE—AND 8,930 SQ FT WITH THE BEST OF IT BEHIND THE HOUSE. This 0.205-acre Parkhurst Estates lot carries an 864 sq ft, 2-bed, 1-bath 1946 cottage sold as-is, with public water and sewer already in place and a paved street out front. No association, no dues, no flood insurance, and no waiting on a lot that cannot be built on—just roughly 136 feet of depth where this subdivision's median lot runs under 8,000 square feet. That depth is the part you cannot manufacture: sixty-plus feet of shaded yard behind the structure, room for an addition, a shop, or a second unit, on ground the county values at $68,201 for land alone. N Wayside Dr is 300 feet away, I-10 about five miles, Downtown about ten. New-construction duplexes already stand on Richland Dr; this block's direction is plain. At $89,000 you are buying ground and a structure, not retail. Opportunities priced here do not sit—schedule your showing today!

Investor Tools

$0Estimated Mortgage Balance
$123,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$738 /month
Positive
Cash Flow Estimate:
$246 /month

Interested in this property?

Alexis Skeen

Alexis Skeen, Broker

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$215/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,969
$96,843
2025
$68,201
$28,642
$96,843
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,969
$96,843

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$123,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,260/mo
N/A
+$1,260/mo
12.3%

City: Houston

7826 Richland Dr | Property Details | No Agent List