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$219,000

NAL Estimated Property Value

1509 Palcio Real Dr, Houston, TX, 77047

Off MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,440 Sq Ft
price_per_sqft$1.06 / sqft
Year BuiltBuilt in 2005

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size3,899 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN1259630040006
Lot Number6
SubdivisionCity Park
Land UseResidential
Legal DescriptionLT 6 BLK 4 CITY PARK SEC 2
Census Tract330901
Assessed Land Value$37,740
Assessed Improvement Value$171,778
Assessment Year2025

About this property

Perfect 3-Bed/2-bath home in beautiful community. Flooring features engineered solid wood and tile in kitchen and bathrooms. Split den and living room provide great privacy. Beautiful front yard. Close to major freeways – Beltway 8, 610 and 288. Easy commute to Medical Center and downtown. Don't miss this great home. Owner is looking for a family with good rental history, and income > 3.5x of monthly rent. Text agent for quick response. To show the property, park on Nichole Wood Dr and walk to the front door.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,384
$209,518
2025
$37,740
$171,778
$209,518
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,384
$209,518

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$214,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,000/mo
N/A
+$2,000/mo
11.0%

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.

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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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1509 Palcio Real Dr | Property Details | No Agent List