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$476,000

NAL Estimated Property Value

12625 Memorial Dr Apt 130, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,600 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$169.23 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringTile, Vinyl

Exterior

Exterior FeaturesCourtyard
Lot Size2,570 sqft

Building Information

Year Built1980
Stories2
Garage Spaces2

Land Information

APN1065780160010
Lot Number130
SubdivisionSomerset Place 3rd R/P
Land UseResidential
Legal DescriptionLT 130 BLK K SOMERSET PLACE 3RD R/P
Census Tract430900
Assessed Land Value$150,420
Assessed Improvement Value$309,742
Assessment Year2025

About this property

Welcome to this beautifully updated 3-bedroom, 2.5-bath townhome in Somerset Place, a gated community in Memorial. Landscaped grounds, peaceful courtyards, and outdoor sitting areas create a welcoming setting. Inside, fresh paint, crown molding, and luxury vinyl plank floors enhance the open layout. The remodeled kitchen features quartz countertops, slate backsplash, custom cabinetry, and a walk-in pantry. Recent updates include double-pane windows and doors, upgraded HVAC and electrical, refinished patio, and new water heater. Upstairs, all bedrooms have large walk-in closets and ceiling fans. Secondary bedrooms were expanded with enclosed patios, creating flexible retreats for offices, playrooms, or sitting areas. The spacious primary suite is light-filled and inviting. This move-in ready home offers an oversized two-car garage and a prime location near CityCentre, Memorial City Mall, Bendwood Park, and top-rated Spring Branch ISD schools. Schedule your showing today!

Investor Tools

Property Icon
$476,000
Estimated Property Value
$452,597Estimated Mortgage Balance
$23,403Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,856 /month
Positive
Cash Flow Estimate:
$952 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$240/month
$5,580/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$497
$460,162
2025
$150,420
$309,742
$460,162
No

Tax History

Year
Tax Paid
Assessed Value
2024
$497
$460,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Fha
$456,577
Yes
First
Nov 10, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$452,597
$8,403
1%
95%
$2,738/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$8,318/mo
$-5,798/mo
6.4%

City: Houston

12625 Memorial Dr Apt 130 | Property Details | No Agent List