Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$344,000

NAL Estimated Property Value

2219 Penny Derrick Lane, Houston, TX, 77055

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,608 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$216.23 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Gas Oven, Microwave, Electric Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,742 sqft

Building Information

Year Built2022
Garage Spaces1

Land Information

APN1445500010051
Lot Number51
Land UseResidential
Legal DescriptionLT 51 BLK 1 KOLBE PARK
Census Tract520601
Assessed Land Value$129,574
Assessed Improvement Value$200,634
Assessment Year2025

About this property

Exceptional opportunity brought to you by the coveted building firm, City Choice Homes within a secure & gated community, Kolbe Park, in Spring Branch. Timeless in design, this incredible CORNER 2-level residence consists of 3 bedrooms, 2.5 baths, massive private yard & an open living concept design that allows for effortless flow between the home’s public spaces. Exceptional island kitchen features white quartz countertops, shaker cabinetry & top tier appliances that opens to the dining & living areas with 10’ ceilings. Ascend to the second level to find the primary suite, 2 guest rooms & utility room. A grand primary bedroom with high 10' ceilings & hardwoods throughout consists of an elongated vanity with double sinks, a sleek freestanding soaking tub, glass enclosed shower with designer plumbing fixtures & tremendous walk-in closet with built-ins. Two sizable guest suites with walk-in closets are accommodated by a bathroom with tub/shower combo clad in porcelain. Ready for Move-In!

Investor Tools

Property Icon
$344,000
Estimated Property Value
$321,427Estimated Mortgage Balance
$22,573Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,086 /month
Positive
Cash Flow Estimate:
$695 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$407/month
$1,800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,165
$330,208
2025
$129,574
$200,634
$330,208
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,165
$330,208

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Matador Lending Llc
Unknown
$337,269
No
First
Oct 11, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,427
$22,573
6%
93%
$2,023/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$3,823/mo
$-2,101/mo
6.0%

Learn About the Market: Opportunity in Houston

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...

2219 Penny Derrick Lane | Property Details | No Agent List