NoAgentList RatingHow are grades calculated?

1view

$223,000

12633 Memorial Drive 61, Houston, TX, 77024

Off Market

2 Beds

2 Bath

1,287 Sq Ft

Condos / Townhouses

$205.91 / sqft

Built in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

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

FlooringVinyl

Building Information

Year Built1969

Stories1

Land Information

APN1118290110012

SubdivisionThe Pines Condo

Land UseResidential

Legal DescriptionUNIT 124 BLDG M .004412 INT COMMON LAND & ELE THE PINES CONDO

Census Tract430900

Assessed Land Value$41,800

Assessed Improvement Value$178,200

Assessment Year2025

About this property

This beautiful property offers accents of classic elegance with all the luxuries of a modern living space. Featuring beautiful flooring throughout the entire condominium and floor-to-ceiling windows, this home is the perfect space for those looking for modern luxury in a home. Enjoy the pool view while enjoying the natural light from the living room. Just minutes away from popular urban areas like City Centre and Memorial City Mall. Also ideally located in the Spring Branch Independent School District, this home is linked to one of the most renowned school districts in Houston. All Bills Paid community. Do not miss this opportunity, schedule your showing today while it last!

Investor Tools

$223,000

Estimated Property Value

$0Estimated Mortgage Balance

$151,518Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,590 /month

Positive

Cash Flow Estimate:

$530 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$314/month

$555/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,651

$220,000

2025

$41,800

$178,200

$220,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,651

$220,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bokf Na

Conventional

$90,000

First

Aug 23, 2016

Sep 2031

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$71,482

$151,518

67%

32%

$540/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$1,095/mo

+$815/mo

10.3%

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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