A

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$236,760

12633 Memorial Drive 236, Houston, TX, 77024

Off Market

2 Beds

2 Bath

1,348 Sq Ft

Condos / Townhouses

$147.63 / sqft

Built in 1969

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

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

FlooringLaminate

Building Information

Year Built1969

Stories2

Land Information

APN1118290220002

SubdivisionThe Pines Condo

Land UseResidential

Legal DescriptionUNIT 236 BLDG X .004364 INT COMMON LAND & ELE THE PINES CONDO

Census Tract430900

Assessed Land Value$44,984

Assessed Improvement Value$191,776

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. 2nd floor game was enclosed off so that it can be used as a private bedroom. 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

$236,760

Estimated Property Value

$0Estimated Mortgage Balance

$236,760Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,421 /month

Positive

Cash Flow Estimate:

$474 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$286/month

$495/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,248

$236,760

2025

$44,984

$191,776

$236,760

No

Tax History

Year

Tax Paid

Assessed Value

2024

$2,248

$236,760

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$236,760

100%

0%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$495/mo

+$1,415/mo

9.7%

Learn About the Market: Opportunity in Houston

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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.

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