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$1,473,000

NAL Estimated Property Value

12227 Old Oaks Dr, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,328 Sq Ft
price_per_sqft$461.77 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Microwave, Gas Cooktop, Gas Range, Dishwasher, Refrigerator
FlooringTile

Exterior

Lot Size9,191 sqft

Building Information

Year Built1959
Stories1
Garage Spaces2

Land Information

APN0845910000007
Lot Number7
SubdivisionMemorial Forest
Land UseResidential
Legal DescriptionLT 7 BLK 4 MEMORIAL FOREST SEC 1 R/P
Census Tract430700
Assessed Land Value$734,625
Assessed Improvement Value$728,375
Assessment Year2025

About this property

Rivals new construction, never flooded, this home was taken down to the studs and completely rebuilt to new home standards and taste with impeccable design and premier selections in 2018 and 2019. Ceilings were raised with a vaulted ceiling in the living room to 11', Formal dining and entry to 9'6", Coffered ceiling in master to 9'. Replaced electrical, replaced supply and drain plumbing lines, driveway repoured, fixtures and all appliances, Milgard black frame double pane SunCoat low e glass windows and mahogany entry doors, solid wood interior doors, custom wood cabinets, Kohler plumbing fixtures, pot filler, Emtek hardware, Taj Mahal quartzite kitchen counters, Sea Pearl quartzite bath counters, marble herringbone backsplash, built in banquet with Sunbrella cushions, copper gutters, Bevolo gas lanterns front, electric lanterns back, Itallian wood look porcelain floors and so much more! This is like new construction with old Memorial charm intact in a highly prized Memorial niche.

Investor Tools

Property Icon
$1,473,000
Estimated Property Value
$905,711Estimated Mortgage Balance
$567,289Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,838 /month
Positive
Cash Flow Estimate:
$2,946 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,570/month
$235/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,474
$1,463,000
2025
$734,625
$728,375
$1,463,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,474
$1,463,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$982,600
No
First
Mar 10, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$905,711
$626,289
40%
61%
$5,892/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$6,127/mo
$-2,877/mo
2.6%

City: Houston

12227 Old Oaks Dr | Property Details | No Agent List