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Owner Contacts

$533,000

NAL Estimated Property Value

1306 Fairgate Dr, Houston, TX, 77094

Off Market

4 Beds

3 Bath

2,712 Sq Ft

Single Family Residence

$132.74 / sqft

Built in 1991

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Range

FlooringCarpet, Tile, Wood

Exterior

Lot Size8,398 sqft

Building Information

Year Built1991

Garage Spaces2

Land Information

APN1171540030002

Lot Number2

SubdivisionGreen Trails Park

Land UseResidential

Legal DescriptionLT 2 BLK 3 GREEN TRAILS PARK SEC 2 AMEND

Census Tract454504

Assessed Land Value$92,241

Assessed Improvement Value$325,759

Assessment Year2025

About this property

Beautiful two-story 4-bedroom home with modern airy feel in sought-after Green Trails on over-sized wooded lot. This home is move-in ready and sits on a quiet tree-lined street in the heart of popular Green Trails. Gorgeous wood floors greet you at the entry and extend into the formal dining and flex space with custom built-in shelves that could be used as a Study, Game Room or Formal Living. Enjoy the updated ceiling fans and light fixtures. Family room features gas log fireplace and opens to large island kitchen with breakfast area overlooking the pool-sized backyard! Updated kitchen has granite counters, stainless appliances, gas cooktop, double ovens, under mount sink. Detached garage w/ long drive way. Large owner’s suite w/ spacious updated bath including double sinks, separate tub & frameless shower. Excellent location w/ easy access to I-10 and Energy Corridor near shopping, medical & schools. Zoned to remarkable Katy ISD Schools. Location, location location! NEVER FLOODED!

Investor Tools

$533,000

Estimated Property Value

$263,594Estimated Mortgage Balance

$269,406Estimated Equity

49% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,198 /month

Positive

Cash Flow Estimate:

$1,066 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$722/month

$1,150/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,004

$418,000

2025

$92,241

$325,759

$418,000

Tax History

Year

Tax Paid

Assessed Value

2024

$6,004

$418,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Top Flite Financial Inc

Conventional

$292,000

First

Apr 28, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$263,594

$260,406

49%

$1,751/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,340/mo

$2,901/mo

+$439/mo

7.5%

Learn About the Market: Opportunity in Houston

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