NoAgentList RatingHow are grades calculated?

1view

$206,000

12633 Memorial Drive 132, Houston, TX, 77024

Off Market

2 Beds

2 Bath

1,052 Sq Ft

Condos / Townhouses

$199.62 / sqft

Built in 1969

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Washer/Dryer Stacked, Dishwasher, Washer/Dryer

FlooringLaminate

Building Information

Year Built1969

Stories1

Land Information

APN1118290120008

SubdivisionThe Pines Condo

Land UseResidential

Legal DescriptionUNIT 132 BLDG N .003471 INT COMMON LAND & ELE THE PINES CONDO

Census Tract430900

Assessed Land Value$35,417

Assessed Improvement Value$150,990

Assessment Year2025

About this property

Fantastic opportunity to own a 2 bed/2 bath condo in a highly desirable Pines Condo subdivision. If you're looking for a place in a prime location and zoned to highly acclaimed Spring Branch schools - this is IT. Located on the 2nd floor and overlooking the beautiful pine trees in the back, this can be a place you call it HOME. HOA fee includes water/sewer, electricity, trash and cable. The home was recently remodeled and the balcony was remodeled into an office. There are 2 community pools, assigned parking space, walking distance to shopping, dining and Hershey Park. City Centre and Memorial Mall minutes away! Don't miss this rare opportunity and schedule your visit today! Unit did not flood/per Seller

Investor Tools

$206,000

Estimated Property Value

$0Estimated Mortgage Balance

$206,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,260 /month

Positive

Cash Flow Estimate:

$420 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$281/month

$445/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,342

$186,407

2025

$35,417

$150,990

$186,407

Tax History

Year

Tax Paid

Assessed Value

2024

$2,342

$186,407

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$206,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$445/mo

+$1,465/mo

11.1%

Learn About the Market: Opportunity in Houston

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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.

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