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General Description

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INVESTORS ~ Project Is Ready to Build! Excellent Development Opportunity near I-10. 3 lots provide a great developer opportunity. This is a 6 unit project, 3 units already SOLD & CLOSED (1412, 1414 & 1416 Wichman Street). Last 3 units (1418, 1420 &I 1422 Wichman Street) are ready for building. Development Sit Plans, Permits, Designs and Engineering all completed.

MLS#:

73482277 (HAR)

Sold Price Range:

$420,001 - $482,000

Listing Status:

Sold

Address:

1418 Wichman Street

City:

Houston

State:

Zip Code:

77007

County:

Harris County

Subdivision:

Forest Park Lndg

Legal Description:

LT 3 BLK 1 FOREST PARK LANDING

Property Type:

Lots

Lot Size:

5,080 Sqft. /Appraisal District

Maintenance Fee:

$ 350 / Monthly

Market Area:

Rice Military/Washington Corridor

Exterior Features

Lot Description:

Subdivision

Controlled Access:

Automatic Gate

Water Sewer:

Public Sewer, Public Water

Cable:

Unknown

Phone:

Unknown

Gas:

Gas Available

Electric:

Electric Available

Road Surface:

Concrete

Unit Location:

Subdivision

Area Pool:

Additional Information

HOA Mandatory:

Yes

List Type:

Exclusive Right to Sell/Lease

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional, Investor

Other Fees:

Yes / 250 / Transfer Fee

Maintenance Fee:

Yes / $350 / Monthly

Taxes w/o Exemp:

$2, 129/2021

Tax Rate:

2.3307

Selling Agent and Brokerage

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Selling Agent and Broker information is not available.

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$--	$98,753	8.10%	$98,753	8.10%
2022	$--	$91,350	0.00%	$91,350	0.00%
2021	$--	$91,350	-7.45%	$91,350	-7.45%
2020	$--	$98,700	12.99%	$98,700	12.99%
2019	$--	$87,350	0.00%	$87,350	0.00%
2018	$--	$87,350		$87,350

2023 Harris County Appraisal District Tax Value

Market Land Value:	$96,233
Market Improvement Value:	$2,520
Total Market Value:	$98,753

harris County Appraisal District

2023 Tax Rates

HOUSTON ISD:	1.0372 %
HARRIS COUNTY:	0.3437 %
HC FLOOD CONTROL DIST:	0.0306 %
PORT OF HOUSTON AUTHORITY:	0.0080 %
HC HOSPITAL DIST:	0.1483 %
HC DEPARTMENT OF EDUCATION:	0.0049 %
HOUSTON COMMUNITY COLLEGE:	0.0956 %
HOUSTON CITY OF:	0.5336 %
Total Tax Rate:	2.2019 %

Estimated Mortgage/Tax

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$1,804 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 1,623
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 181181
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

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Subdivision Facts

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Facts (Based on Active listings)

Market Area Name:

Rice Military/Washington Corridor

Home For Sales:

173

Average List Price:

$684,890

Average Bedrooms:

2.49

Average Baths:

2.27

Average Square Ft.:

2,440

Average Price/Square Ft.:

$279.70

Home For Lease:

180

Average Lease :

$2,632

Average Lease/Square Ft.:

$2.05

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.