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$328,000

NAL Estimated Property Value

2818 Chancery Summit Ct, Houston, TX, 77047

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,404 Sq Ft
price_per_sqft$139.35 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesBack Green Space, Sprinkler System
Lot Size5,001 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN1503760010033
Lot Number33
Land UseResidential
Legal DescriptionLT 33 BLK 1 CITY GATE SEC 1
Census Tract331502
Assessed Land Value$53,020
Assessed Improvement Value$274,980
Assessment Year2025

About this property

Welcome to this bright and beautiful home located in the gated community of City Gate. This recently built DR Horton home offers superior finishes and upgraded building standards that rival surrounding new construction in the area. This home stands out in the community with its classic brick façade and a welcoming front exterior that features a stylish blend of contemporary and traditional architectural elements. Ideally located on a quiet cul-de-sac, this home enjoys a prime spot within the community, surrounded by a variety of well-maintained homes, many of them single-story. As one of the earlier designs, this home features a generously sized kitchen and living area, creating an open and inviting space perfect for hosting Sunday night games or casual gatherings with friends. The second level features a primary suite, three additional bedrooms, a utility room, and game room. The backyard offers an existing sprinkler system for convenient year-round irrigation.

Investor Tools

Property Icon
$328,000
Estimated Property Value
$268,034Estimated Mortgage Balance
$59,966Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,010 /month
Positive
Cash Flow Estimate:
$670 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$538/month
$1,350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,815
$328,000
2025
$53,020
$274,980
$328,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,815
$328,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dhi Mortgage Company Ltd
Conventional
$297,501
No
First
Mar 26, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$268,034
$59,966
18%
82%
$1,784/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,590/mo
$3,134/mo
$-544/mo
9.5%

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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