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$440,000

1506 Grayson Oaks Pl, Houston, TX, 77043

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths3 Bath
Baths2,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.31 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size3,071 sqft

Building Information

Year Built2016
Garage Spaces2

Land Information

APN1371060010083
Lot Number83
Land UseResidential
Legal DescriptionLT 83 BLK 1 CITY HEIGHTS AT BRITTMOORE
Census Tract543201
Assessed Land Value$120,105
Assessed Improvement Value$316,291
Assessment Year2025

About this property

Location! Location! Welcome to this stunning former model home in a quiet, gated community with a private walking trail around the lake and beautiful water views conveniently located near major highways and CityCentre! This exceptional 3-story home offers 3 bedrooms, 3.5 baths, an office, 2-car garage, covered patio, large backyard, and thoughtful upgrades throughout. The light-filled second floor features 10-foot ceilings, 8-foot doors, hardwood floors & stairs, a dramatic floor-to-ceiling designer-tile fireplace, custom bar with wine fridge, surround sound and balcony. The gourmet kitchen boasts glass-inset cabinetry, puck lighting, designer granite, and GE stainless appliances. The third floor offers a custom-built office nook, spacious secondary bedroom with ensuite bath and oversized closet, plus a luxurious primary suite with giant custom walk-in closet and Jacuzzi tub. Enjoy the corner lot with only one neighbor, fire pit, and landscape lighting. Hurry, this one will go fast!

Investor Tools

$279,007Estimated Mortgage Balance
$157,389Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,640 /month
Positive
Cash Flow Estimate:
$880 /month

Interested in this property?

Amy Lippincott

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
$975/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,844
$436,396
2025
$120,105
$316,291
$436,396
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,844
$436,396

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
K Hovnanian American Mortgage Llc
Conventional
$320,000
No
First
Feb 27, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,007
$157,389
36%
64%
$1,919/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,340/mo
$2,894/mo
$-1,554/mo
3.7%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1506 Grayson Oaks Pl | Property Details | No Agent List