This is a Cedar Leasehold property. The list price reflects the combined value of the home and a 99-year leasehold interest in the land (term of years). The ground lease is structured to meet Fannie Mae, Freddie Mac, FHA, and VA requirements and is considered real property. Estimated ground rent is $429.19/month (in 2026 dollars). The lease includes an annual option to purchase the land based on a formula. Fantastic location & established neighborhood with surveillance cameras for your peace of mind. This two-story, corner-lot home is nestled in the Greenwood Forest area of Houston. Convenience and lifestyle are fused together offering a home office, dining room area and a game room too. The primary suite boasts a private bath, with two additional bedrooms for guests. Enjoy a private backyard with sprinkler system! The community amenities including walking trail, dog park, playground, and pool. Conveniently located near Bush airport and Beltway 8, 290, 249 and 45 freeways.
| Date | Event | Price |
|---|---|---|
| · | Ter | $250,000 |
| · | Ter | $255,000 |
| · | Exp | $258,000 |