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$1,480,000

NAL Estimated Property Value

1515 Latexo Dr, Houston, TX, 77018

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,387 Sq Ft
price_per_sqft$249.6 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen
Lot Size8,477 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APN0731000540008
Lot Number8
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 8 BLK 78 OAK FOREST SEC 9
Census Tract531700
Assessed Land Value$517,341
Assessed Improvement Value$838,160
Assessment Year2025

About this property

Awesome Mediterranean recent construction on over-sized lot with a pool in Oak Forest zoned to Oak Forest Elementary! This beautiful home has rich, artisan touches everywhere. Enter through the double doors to a grand 2 story entry. The study has exposed beams and glass doors. The great room is open to kitchen and breakfast and looks out to absolutely stunning backyard. The master bedroom is down with beautiful raised ceiling. Master bath has double vanities and separate soaking tub and huge walk-in closet with tons of built-ins. Upstairs features 3 additional bedrooms as well as a game room and media room. The backyard is an oasis with covered patio, summer kitchen and freestanding wood burning fireplace. The custom pool shimmers constantly with its entire surface of small blue glass tiles and water features. This stunning home is rare with its fabulous features on an over-sized lot in Oak Forest. Walking distance to parks, restaurants, and retail.

Investor Tools

Property Icon
$1,480,000
Estimated Property Value
$452,530Estimated Mortgage Balance
$1,027,470Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,880 /month
Positive
Cash Flow Estimate:
$2,960 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,504/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,648
$1,355,501
2025
$517,341
$838,160
$1,355,501
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,648
$1,355,501

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$510,400
No
First
Jul 31, 2020
Aug 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$452,530
$1,152,470
71%
31%
$3,061/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$3,061/mo
$-835/mo
1.8%

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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1515 Latexo Dr | Property Details | No Agent List