$269,737 EMV

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Lost Anchor Way Ln
Houston, TX 77044

Overview

This Preforeclosure is located at Lost Anchor Way Ln, Houston, TX 77044. This property is currently in pre-foreclosure with an estimated market value of $269,737.
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Status: Active
Listing ID: 63472395
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Learn about Lost Anchor Way Ln in Houston, TX

This property is available as a preforeclosure at Lost Anchor Way Ln. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Houston, specifically for Lost Anchor Way Ln and comparable listings. Based on this expert analysis, the estimated market value is $269,737. If purchased for rental purposes, the monthly rental rate could range between $1,760 and $2,140, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Lost Anchor Way Ln are updated daily along with others in Houston, Texas, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Lost Anchor Way Ln below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Lost Anchor Way Ln in Houston Texas Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Lost Anchor Way Ln
View Preforeclosure Status
04/25/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

What is the city of Houston, TX like?

Houston, the fourth largest city in the U.S., boasts a dynamic lifestyle rich in cultural diversity and economic opportunities. Known for its warm climate and vibrant arts scene, the city offers a mix of urban living with southern charm. With a variety of parks, museums, and theaters, residents enjoy a robust lifestyle filled with recreational activities.

In addition to its cultural attractions, Houston is a major hub for industries such as energy, healthcare, and aerospace. The economy is driven by various sectors, leading to stable job growth and a steady influx of new residents. The extensive job market paired with affordable living costs makes it an attractive destination for individuals and families alike.

Education is a priority in Houston, with numerous institutions providing quality schooling from elementary to higher education. Families moving into the area can take advantage of reputable public and private schools as well as local universities and community colleges. Additionally, the city is home to several prestigious healthcare facilities.

Outdoor enthusiasts will appreciate Houston's parks and green spaces, which provide ample opportunities for hiking, biking, and relaxing. With the proximity of the Gulf Coast, residents can also easily access beaches and water activities, making it an ideal place for those who enjoy an active lifestyle.

Nearby Schools

There are 5 schools in the area. Nearby schools include Hogg Middle School and Waltrip High School.

Hogg Middle School
Waltrip High School
River Oaks Elementary School
Principia School
St. John's School

Nearby Attractions

There are plenty of activities near this property like Houston Public Library, Houston Community College, and more.

Houston Public Library
Houston Community College
Texas Children's Hospital
Memorial Hermann Hospital
The Museum of Fine Arts

What kind of public transportation is there?


Public transportation options include: Houston METRO Bus Service provides comprehensive coverage of the city, The METRORail light rail system connects major downtown areas and the Texas Medical Center. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Hermann Park, Buffalo Bayou Park and more.

Hermann Park
Buffalo Bayou Park
Discovery Green
Memorial Park
Eleanor Tinsley Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

AT&T
Xfinity
Google Fiber
Spectrum
Rental Chart
View Rental and Market Value
for Lost Anchor Way Ln in Houston Texas
View Market Value

Property Information

Preforeclosure

The property located at Lost Anchor Way Ln in Houston, TX is listed as a Preforeclosure

This listing located at Lost Anchor Way Ln in Houston, TX could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Houston, Texas is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Houston, TX, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Houston, Texas doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Lost Anchor Way Ln located in Houston, TX is $1,950/month. Comparable homes around Lost Anchor Way Ln that are rentals have monthly ranges starting as low as $1,760 per month and as high as $2,140 per month. An owner looking to use this property as an investment could bring a return in the area of $1,760 - $2,140 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
04/25/25   Preforeclosure LAKESHORE COMMUNITY ASSOCIA...

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Lost Anchor Way Ln
Houston, TX 77044

$269,737 EMV

Status: Active Listing ID: 63472395

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Lost-Anchor-Way-Ln-Houston-TX-77044/63472395_lid

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