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Days441Days on Market
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$950,000

1231 Bay Oaks Road, Houston, TX, 77008

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size23,718 sqft

Land Information

APN0771810060019
Lot Number19
SubdivisionTimbergrove Manor
Land UseResidential
Legal DescriptionLT 19 BLK 6 TIMBERGROVE MANOR
Census Tract511201
Assessed Land Value$803,700
Assessment Year2025

About this property

The lot covers BOTH SIDES of the ravine. FULL SET of plans already submitted to the City of Houston awaiting final approval included in the sale. Potential to start building in less than 30 days! Lot is clear and all electric, cable/data/phone lines have been buried along with side easements released by Centerpoint that allows for an 80 foot wide home.

Investor Tools

Property Icon
$916,000
Estimated Property Value
$0Estimated Mortgage Balance
$440,448Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,666/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,415
$803,700
2025
$803,700
N/A
$803,700
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,415
$803,700

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$483,750
No
First
Feb 28, 2024
Mar 2039

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$475,552
$440,448
48%
52%
$3,893/mo

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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1231 Bay Oaks Road | Property Details | No Agent List