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$299,990

12506 Walmgate Ct, Houston, TX, 77047

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,511 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$198.54 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator Included, Freestanding Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher
FlooringCarpet, Vinyl Plank

Exterior

Lot Size5,767 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN1410060010061
Lot Number61
Land UseResidential
Legal DescriptionLT 61 BLK 1 CITY GATE SEC 2
Census Tract331502
Assessed Land Value$53,863
Assessed Improvement Value$232,537
Assessment Year2025

About this property

Welcome to 12506 Walmgate Ct, a beautifully maintained one-story home in the gated City Gate community. This inviting 3-bedroom, 2-bath residence features an open-concept layout with stylish updates and thoughtful finishes throughout. The living area showcases durable LVP flooring, recessed lighting, a modern electric fireplace and a striking custom geometric accent wall that creates a distinctive focal point. Large windows bring in an abundance of natural light, while the open kitchen and dining areas provide an easy flow for everyday living and entertaining. The private primary suite offers a comfortable retreat, with two additional bedrooms providing flexibility for guests, a home office or other needs. Built in 2021, this home offers the appeal of newer construction along with a convenient location near Hwy 288, the Texas Medical Center, Downtown Houston and Pearland. Enjoy the benefits of gated-community living with convenient access to major roadways, shopping, dining!

Investor Tools

$256,063Estimated Mortgage Balance
$43,937Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,800 /month
Positive
Cash Flow Estimate:
$600 /month

Interested in this property?

Jimmy Franklin

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$443/month
$1,590/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,812
$286,400
2025
$53,863
$232,537
$286,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,812
$286,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$282,015
No
First
Oct 4, 2021
Nov 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$256,063
$43,937
14%
85%
$1,691/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
$3,281/mo
$-1,281/mo
8.0%

Learn About the Market: Opportunity in Houston

Local Market Pages
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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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12506 Walmgate Ct | Property Details | No Agent List