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$1,604,000

NAL Estimated Property Value

1509 Wakefield Dr, Houston, TX, 77018

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,473 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$329.53 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Convection Oven, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,322 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0731000040009
Lot Number9
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 9 BLK 22 OAK FOREST SEC 2
Census Tract531100
Assessed Land Value$442,860
Assessed Improvement Value$1,027,001
Assessment Year2025

About this property

Located on one of Oak Forest's best streets, 1509 Wakefield is awesome inside and out! This home has 4 bedrooms, 4.5 bathrooms, spacious covered outdoor living, and a fantastic backyard! Enter through double metal doors into the dramatic two story foyer. The first floor guest suite's bathroom has access to the outdoor living so it can also serve as a pool bath. Open kitchen/family/dining area with Fisher Paykel appliances and a large walk-in pantry. Dining room at the back of the home with a stepped-down ceiling. Upstairs, the primary bedroom is located on it's own wing of the home. The primary suite has a spa bath with an oversized shower and a soaking tub, plus a massive closet. The spacious laundry room can also serve as a craft room. The game room has a wet bar and an adjacent media/flex space, perfect for closing off kids' toys! Upstairs has two additional ensuite bedrooms with walk in closets. Zoned to Oak Forest Elementary School, walking distance to restaurants!

Investor Tools

Property Icon
$1,604,000
Estimated Property Value
$666,306Estimated Mortgage Balance
$937,694Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,624 /month
Positive
Cash Flow Estimate:
$3,208 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,673/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$24,050
$1,469,861
2025
$442,860
$1,027,001
$1,469,861
No

Tax History

Year
Tax Paid
Assessed Value
2024
$24,050
$1,469,861

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$710,000
No
First
Jan 31, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$666,306
$932,694
58%
42%
$4,257/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$4,257/mo
$-2,031/mo
1.7%

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.

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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1509 Wakefield Dr | Property Details | No Agent List