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$608,411

NAL Estimated Property Value

1506 Orchard Park Drive, Houston, TX, 77077

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,598 Sq Ft
price_per_sqft$202.08 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Dryer, Refrigerator, Washer, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Lot Size6,460 sqft

Building Information

Year Built1999
Garage Spaces2

Land Information

APN1182950010003
Lot Number3
SubdivisionParkway Villages
Land UseResidential
Legal DescriptionLT 3 BLK 1 PARKWAY VILLAGES SEC 6 AMEND
Census Tract451603
Assessed Land Value$242,459
Assessed Improvement Value$365,952
Assessment Year2025

About this property

Located within the gated enclave of Parkway Villages in the Energy Corridor, this one-story residence offers 2,598 sq ft of well-designed living space with a layout that supports both everyday comfort and entertaining. Natural light fills the home, highlighting engineered wood flooring in the main areas, granite countertops, custom cabinetry, and a covered patio that extends the living space outdoors. The single-story floor plan provides ease of living, with a functional flow that offers flexibility for a variety of needs. Positioned within The Courts at Parkway Villages, this home presents a unique opportunity to personalize a residence in a sought-after, controlled-access community known for its location and long-term value. One-story homes in this section are rarely available. Offered as-is.

Investor Tools

Property Icon
$608,411
Estimated Property Value
$0Estimated Mortgage Balance
$608,411Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,650 /month
Positive
Cash Flow Estimate:
$1,217 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
$2,351/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,363
$608,411
2025
$242,459
$365,952
$608,411
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,363
$608,411

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$608,411
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,230/mo
$2,351/mo
$-121/mo
4.4%

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 Orchard Park Drive | Property Details | No Agent List