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Owner Contacts

$2,068,000

121 Memorial Parkview Dr, Houston, TX, 77024

Off Market

3 Beds

5 Bath

4,685 Sq Ft

Single Family Residence

$467.24 / sqft

Built in 2021

Property Lead Type:

Absentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator

FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen

Lot Size3,994 sqft

Building Information

Year Built2021

Garage Spaces2

Land Information

APN1359420030010

Lot Number10

Land UseResidential

Legal DescriptionLT 10 BLK 1 MEMORIAL GREEN SEC 2 R/P & EXTN

Census Tract430900

Assessed Land Value$644,248

Assessed Improvement Value$1,382,581

Assessment Year2025

About this property

UNDER CONSTRUCTION! New Construction by Award-Winning Jeff Paul Custom Homes! The Buckingham Plan features stunning wall of windows on first floor with open-layout kitchen, dining and living with fireplace and beam ceiling detail overlooking private courtyard. High ceilings and oak flooring throughout, elevator installed. Second-floor spacious primary suite with oversized bath his and her vanities, walk-in shower, tub and walk-in closet; utility room, ensuite secondary bedroom and study. Third-floor ensuite secondary bedroom, game room with wet bar, powder bath and storage room. Roof terrace. Outdoor living with summer kitchen and pavilion, room for cocktail pool. Offering the Lock&Leave lifestyle. BY APPOINTMENT ONLY.

Investor Tools

$2,068,000

Estimated Property Value

$1,400,000Estimated Mortgage Balance

$338,381Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$13,134 /month

Positive

Cash Flow Estimate:

$4,378 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,680/month

$3,680/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$21,826

$2,026,829

2025

$644,248

$1,382,581

$2,026,829

Tax History

Year

Tax Paid

Assessed Value

2024

$21,826

$2,026,829

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cardinal Financial Company Lp

Conventional

$1,400,000

First

Jan 31, 2024

Feb 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,729,619

$366,381

17%

84%

$10,793/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$14,473/mo

$-11,953/mo

1.5%

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