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$1,409,000

12227 Cobblestone Dr, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,820 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$301.38 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher
FlooringTile, Wood

Exterior

Lot Size9,993 sqft

Building Information

Year Built1959
Garage Spaces2

Land Information

APN0845890000008
Lot Number8
SubdivisionMemorial Forest
Land UseResidential
Legal DescriptionLT 8 & TR 7 BLK 2 MEMORIAL FOREST SEC 1 R/P
Census Tract430700
Assessed Land Value$628,623
Assessed Improvement Value$496,377
Assessment Year2025

About this property

Welcome home to this classic beauty in the highly desired neighborhood of Memorial Forest. This 1959 home is architecturally reminiscent of the era yet offers a perfect blend of classic charm and modern convenience, making it a fantastic opportunity for those seeking a comfortable yet stylish residence in a prime location that known for its excellent schools. Inside, you'll be greeted with elegant hardwood floors, classic crown molding, and plantation shutters covering the energy efficient double pane windows to enhance insulation while allowing plenty of natural light. The family chef will love the granite countertops, updated appliances, expansive cabinetry, and a double drawer dishwasher to make cleanup a breeze! The home is adorned with modern fixtures and plenty of storage options. The gameroom upstairs could easily be utilized as a 5th bedroom! Don't miss your opportunity to make this beautifully updated property your new home!

Investor Tools

Property Icon
$1,409,000
Estimated Property Value
$900,000Estimated Mortgage Balance
$531,642Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,454 /month
Positive
Cash Flow Estimate:
$2,818 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,384/month
$495/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,564
$1,125,000
2025
$628,623
$496,377
$1,125,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,564
$1,125,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Matador Lending Llc
Conventional
$900,000
No
First
Dec 9, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$877,358
$526,642
37%
62%
$5,396/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$5,891/mo
$-2,641/mo
2.8%

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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