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General Description
minimizeINVESTOR OPPORTUNITY! Amazing opportunity for an investor looking for a turn-key rental property. This one story has 7 bedrooms, 2 baths & is situated on a large corner lot. Renovated kitchen & bathrooms. Fenced backyard with an extended covered patio. Double wide driveway for parking. 6 out of the 7 rooms are currently occupied, and there is room to add an 8th bedroom.
MLS#:
48994638 (HAR)
Sold Price Range:
$285,001 - $325,000
Listing Status:
Sold
Address:
9503 Balsam Ln
City:
Houston
State:
TX
Zip Code:
County:
Subdivision:
Legal Description:
LT 14 BLK 17 LAKE FOREST SEC 2
Property Type:
Single-Family
Bedrooms:
7 Bedroom(s)
Baths:
2 Full Bath(s)
Stories:
1
Style:
Traditional
Year Built:
1956 / Appraisal District
Building Sqft.:
1,660 /Seller
Lot Size:
8,904 Sqft. /Appraisal District
Key Map©:
455D
Market Area:
Rooms/Lot Dimensions
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Bedroom:
0x0, 1st
Interior Features
Bedroom Description:
All Bedrooms Down
Cooling:
Central Electric
Heating:
Central Electric
Microwave:
Yes
Oven:
Electric Oven
Range:
Electric Cooktop
Exterior Features
Roof:
Composition
Foundation:
Slab
Private Pool:
No
Exterior Type:
Brick
Lot Description:
Corner
Water Sewer:
Public Sewer, Public Water
Front Door Face:
East
Exterior:
Back Yard, Back Yard Fenced
Additional Information
List Type:
Exclusive Right to Sell/Lease
Dwelling Type:
Free Standing
HOA Mandatory:
No
Buyer Agent Compensation*:
2.5%
Sub Agent Compensation*:
0%
Financial Information
Financing Considered:
Cash Sale, Conventional, Investor, Owner Financing
Other Fees:
No
Maintenance Fee:
No
Taxes w/o Exemp:
$5, 741/2023
Tax Rate:
2.2019
Selling Agent and Brokerage
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Selling Broker
Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $157.08 | $260,751 | 56.14% | $260,751 | 56.14% |
| 2022 | $100.60 | $167,000 | 37.42% | $167,000 | 147.72% |
| 2021 | $73.21 | $121,523 | 9.08% | $67,414 | 10.00% |
| 2020 | $67.11 | $111,409 | 3.97% | $61,286 | 10.00% |
| 2019 | $64.55 | $107,154 | 58.26% | $55,715 | 10.00% |
| 2018 | $40.79 | $67,707 | 0.00% | $50,650 | 10.00% |
| 2017 | $40.79 | $67,707 | 0.00% | $46,046 | 10.00% |
| 2016 | $40.79 | $67,707 | 11.74% | $41,860 | 10.00% |
| 2015 | $36.50 | $60,595 | 40.11% | $38,055 | 10.00% |
| 2014 | $26.05 | $43,248 | 37.51% | $34,596 | 10.00% |
| 2013 | $18.95 | $31,451 | 0.00% | $31,451 | 0.00% |
| 2012 | $18.95 | $31,451 | $31,451 |
2023 Harris County Appraisal District Tax Value
| Market Land Value: | $33,167 |
| Market Improvement Value: | $227,584 |
| Total Market Value: | $260,751 |
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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$1,659 Monthly
| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 1,180 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 478 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Subdivision Name:
Lake Forest (Houston)
County / Zip Code:
77078
Single Family Properties:
416
Average Bedrooms:
2.99
Average Baths:
1.41
Median Square Ft.:
1,220
Median Lot Square Ft.:
7,200
Median Year Built:
1953
Median Appraised Value:
$112,825
Neighborhood Value Range:
$54 - $201 K
Median Price / Square ft.:
$94.60
View Price Trends for Lake Forest (houston)
Schools
minimizeSchool 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.
ASSIGNED SCHOOLS
Good | 
Forest Brook Middle School Middle . 06 - 08
. HOUSTON ISD
|
|
Average |
View Nearby Schools ↓
Property Map
minimize9503 Balsam Ln Houston TX 77078 was recently sold. It is a 0.20 Acre(s) Lot, 1,660 SQFT, 7 Beds, 2 Full Bath(s) in Lake Forest.
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