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$488,000

NAL Estimated Property Value

2506 Parana Drive, Houston, TX, 77080

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,993 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$235.32 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Microwave, Dishwasher, Dryer, Washer
FlooringVinyl

Exterior

Lot Size7,279 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN0992160000041
Lot Number41
SubdivisionSpring Shadows
Land UseResidential
Legal DescriptionLT 41 BLK 5 SPRING SHADOWS SEC 4
Census Tract522102
Assessed Land Value$200,200
Assessed Improvement Value$283,900
Assessment Year2025

About this property

Charming + impeccably updated home nestled on quiet cul-de-sac in the heart of Spring Shadows that you won't want to miss. Steps away from Phase 2 of the Spring Branch Trail, this beauty boasts an impressive inventory of updates including modern kitchen with Carrera Marble, freshly renovated bathrooms, recent roof, HVAC, PEX plumbing, windows, water heater, Luxury Vinyl Plank Flooring, modern paint, fixtures, appliances, the list keeps going! Cozy up by the restored fireplace with a picture perfect view of the covered porch & shaded backyard ready to host your next hangout or holiday. The light filled, efficient layout lends itself to countless possibilities to make it perfectly yours. Minutes from CityCentre, Memorial City and walk/bike trails (never flooded!) with endless nearby dining options & activities, you'll be sure to love it here. Tour today!

Investor Tools

Property Icon
$488,000
Estimated Property Value
$245,512Estimated Mortgage Balance
$242,488Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,928 /month
Positive
Cash Flow Estimate:
$976 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$541/month
$336/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,051
$484,100
2025
$200,200
$283,900
$484,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,051
$484,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$263,000
No
First
Oct 28, 2022
Nov 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,512
$242,488
49%
50%
$1,577/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$1,913/mo
+$313/mo
5.5%

City: Houston

2506 Parana Drive | Property Details | No Agent List