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$267,000

NAL Estimated Property Value

1011 Festival Dr, Houston, TX, 77062

SoldInfo
7/14/26
Beds3 Beds
Baths2 Bath
Baths1,780 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.2 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Lot Size10,197 sqft

Building Information

Year Built1967
Stories1
Garage Spaces2

Land Information

APN0966070000794
Lot Number794
SubdivisionClear Lake City
Land UseResidential
Legal DescriptionLT 794 BLK 48 CLEAR LAKE CITY SEC 4
Census Tract340501
Assessed Land Value$62,775
Assessed Improvement Value$192,660
Assessment Year2025

About this property

This gorgeous home has recently had just about every update you can imagine creating a property that's timeless, beautiful, and functional. Roof, windows, PEX, garage door openers, electric panel, blown-in insulation all just updated in 2026 along with an Accuclean Filter HVAC system (2019). All bases covered! The exterior and interior of the home have also had a complete remodel. Walking up to the home notice the charming landscaping and fresh paint along with the warm mahogany door; no black and white cookie cutter homes here! As you enter take in the spacious open floor plan, new luxury vinyl plank flooring that flows throughout the home, and stunning quartz countertops paired with the green stacked mosaic kitchen tile backsplash; AND don't miss the HUGE butler's pantry that's perfect for your espresso machine, countertop appliances, and storage! The spa-inspired primary bathroom is the cherry on top. Gorgeous designer tile from top to bottom! Set up your showing before it's gone!

Investor Tools

Property Icon
$267,000
Estimated Property Value
$224,351Estimated Mortgage Balance
$42,975Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$422/month
$63/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$255,435
2025
$62,775
$192,660
$255,435
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$255,435

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jeanne Marie Ying
Stand Alone First / Home Equity First Lien
$225,000
No
First
Apr 21, 2026
Oct 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$224,351
$42,649
15%
84%
$1,349/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,412/mo
+$310/mo
7.7%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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