B+

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Owner Contacts

$1,976,000

305 Royale Heights Ln, Houston, TX, 77024

Off Market

3 Beds

5 Bath

3,890 Sq Ft

Single Family Residence

$394.6 / sqft

Built in 2016

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Ice Maker, Convection Oven, Double Oven, Microwave, Gas Range, Dishwasher, Refrigerator

FlooringCarpet, Marble, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen, Balcony

Lot Size3,541 sqft

Building Information

Year Built2016

Garage Spaces2

Land Information

APN1359420030034

Lot Number34

Land UseResidential

Legal DescriptionLT 34 BLK 1 MEMORIAL GREEN SEC 2 R/P & EXTN

Census Tract430900

Assessed Land Value$595,980

Assessed Improvement Value$1,136,546

Assessment Year2025

About this property

Gorgeous recent construction corner home with custom upgrades and finishes built by Pelican Builders, Inc. Located in Memorial Green, a gated community of beautifully designed, luxury urban homes in the heart of Memorial! Beautiful exterior elevation, on premier corner lot overlooking the park. This four-story home features second-floor living loaded with top-of-the line upgrades, 3/4 bedrooms and 4.5 baths. Well-appointed island kitchen features Osborne cabinetry, Wolf range with custom vent hood, Sub-Zero refrigerator, wine cooler and ice-maker. Open-layout dining and living with custom built-ins, gas fireplace and balcony. Third-floor primary bedroom with custom walk-in closet by SpaceMan. Fourth floor Media/Game room features full bath, wet bar and rooftop terrace. Numerous upgrades including: elevator, epoxy garage floor, outdoor grill, sound system, security alarm and more! Walkable to Memorial Green shops and restaurants. SBISD schools: Frostwood, Memorial Middle & Memorial High

Investor Tools

$1,976,000

Estimated Property Value

$1,480,000Estimated Mortgage Balance

$513,259Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,856 /month

Positive

Cash Flow Estimate:

$3,952 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,990/month

$3,680/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$14,002

$1,732,526

2025

$595,980

$1,136,546

$1,732,526

Tax History

Year

Tax Paid

Assessed Value

2024

$14,002

$1,732,526

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Nexera Holding Llc

Conventional

$1,480,000

First

Sep 26, 2025

Oct 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,462,741

$566,259

27%

74%

$8,874/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$12,554/mo

$-10,034/mo

1.5%

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