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$153,000

NAL Estimated Property Value

2238 S Piney Point Rd Apt 207, Houston, TX, 77063

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths863 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$148.32 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Oven, Refrigerator, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Storage

Building Information

Year Built1967
Stories1

Land Information

APN1092440010015
SubdivisionDeerwood Gardens Condo
Land UseResidential
Legal DescriptionUNIT 207 BLDG T .004470 INT COMMON LAND & ELE DEERWOOD GARDENS CONDO
Census Tract431102
Assessed Land Value$26,725
Assessed Improvement Value$113,935
Assessment Year2025

About this property

Incredible home in Houston's prestigious Memorial Area. ALL BILLS PAID w/ your HOA Dues (water, electricity+)! Nestled in the trees & along the bayou, this property is next to Piney Point Village's luxurious million dollar homes, & offers a quiet serenity right in the heart of Houston. This unit is 1 of only a few 2nd floor units in the community with direct access from the backdoor - convenient for dog walking in the attached greenspace & leads to paths & sitting areas. Updated with solid surface engineered wood flooring throughout, granite countertops, stainless appliances, shower/bath, and gorgeous double back door w/ built-in blinds & side lights. Besides it's natural light & lovely layout, the most incredible feature of this unit is it's location w/in the community-tucked in the back corner overlooking nature & luxury estates & w/in walking distance to clubhouse & community pool. Covered assigned parking, storage, easy commute to work, excellent restaurants, & the best shopping!

Investor Tools

Property Icon
$153,000
Estimated Property Value
$91,172Estimated Mortgage Balance
$61,828Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$197/month
$352/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,594
$140,660
2025
$26,725
$113,935
$140,660
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,594
$140,660

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Conventional
$100,800
No
First
May 20, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,172
$61,828
40%
60%
$605/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,260/mo
$957/mo
+$303/mo
9.9%

City: Houston

2238 S Piney Point Rd Apt 207 | Property Details | No Agent List