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$1,050,000

$1,099,999

2318 Althea Dr, Houston, TX, 77018

On MarketInfo
Just AddedInfo
Price DropInfo
Beds5 Beds
Baths4 Bath
Baths3,047 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$344.6 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringWood

Exterior

Lot Size7,092 sqft

Building Information

Year Built2011
Stories1
Garage Spaces2

Land Information

APN0731000840024
Lot Number24
SubdivisionOak Forest
Land UseResidential
Legal DescriptionLT 24 BLK 7 OAK FOREST SEC 13
Census Tract531200
Assessed Land Value$372,419
Assessed Improvement Value$639,080
Assessment Year2025

About this property

Leave your spreadsheets at home—you won’t need ‘em—this Oak Forest home checks all the boxes! Off the Entry is a private Library with built-ins, a large Dining Room and the Great Room open to the Kitchen with center island, gas Range and Pantry. First Floor Suite is a picture-perfect spot for your Guests. Second floor Master Suite is spacious and gracious with spa-esque Bath and walk-in Closet. Three secondary bedrooms share oversized Bath. Gleaming hardwoods are underfoot everywhere you tread! Covered Deck leads to expansive Yard plus a 300 sq. ft. Guest Cottage: [net sq. ft. of the property is 3,367 including the Cottage—making the asking price a competitive: $331/sq.ft.!] The Cottage is the perfect spot for a Gym, an Office or Guests. Walk to TC Jester Park and enjoy: Jogging Path, Playground, Pool, Dog Park + Frisbee Golf Course! Minutes to Downtown and all the hottest restaurants, this elevated home is everything for which you’ve been searching and more!

Investor Tools

Property Icon
$1,090,000
Estimated Property Value
$641,250Estimated Mortgage Balance
$575,302Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,540 /month
Positive
Cash Flow Estimate:
$2,180 /month

Interested in this property?

Brian Spack

Martha Turner Sotheby's International Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,725/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,247
$1,011,499
2025
$372,419
$639,080
$1,011,499
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,247
$1,011,499

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Dow Employees Cu
Arm (Adjustable Rate Mortgage)
$641,250
No
First
May 31, 2017
Jun 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$514,698
$575,302
52%
47%
$2,970/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,970/mo
$-744/mo
2.5%

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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