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$2,795,000

2242 Pelham Dr, Houston, TX, 77019

$3,039,592 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths5 Bath
Baths4,976 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$561.7 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Wine Refrigerator, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Stone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen
Lot Size8,124 sqft

Building Information

Year Built2005
Garage Spaces4

Land Information

APN0601550440038
Lot Number38
SubdivisionRiver Oaks
Land UseResidential
Legal DescriptionLT 38 BLK 44 RIVER OAKS SEC 1
Census Tract411100
Assessed Land Value$1,340,625
Assessed Improvement Value$1,238,528
Assessment Year2025

About this property

Timeless River Oaks traditional offering 4-5BD, 5.1BA with an elevator-capable floor plan designed for elegant entertaining and everyday living. A private library and formal dining room with butler's pantry welcome you upon entry. The well-appointed butler's pantry features Sub-Zero wine refrigeration, creating an ideal space for effortless hosting. The spacious family room with fireplace flows seamlessly into the breakfast area and expansive island kitchen. Upstairs, the primary suite features dual walk-in closets and a spa-inspired bath with soaking tub and steam shower. Three secondary bedrooms with ensuite baths, a large game room, and utility room complete the second floor, while a connected guest suite with bath and private staircase offers added flexibility. Outdoors, enjoy a pool and spa, covered patio with summer kitchen, turfed side yard, gated motor court, beautifully landscaped grounds, and a two-car garage with additional gated driveway parking plus extra storage.

Investor Tools

$1,182,634Estimated Mortgage Balance
$1,786,902Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$3,039,592
Rent-to-Value Ratio: 0.72%
Rent Estimate
$17,790 /month
Positive
Cash Flow Estimate:
$5,930 /month

Interested in this property?

Dee Dee Howes

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,002/month
$2,713/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$33,198
$2,579,153
2025
$1,340,625
$1,238,528
$2,579,153
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$33,198
$2,579,153

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Space City Cu
Conventional
$1,300,000
No
First
Sep 20, 2021
Oct 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,182,634
$2,035,366
63%
40%
$7,795/mo

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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2242 Pelham Dr | Property Details | No Agent List