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$5,088,000

NAL Estimated Property Value

306 Rainier Dr, Houston, TX, 77024

Off MarketInfo
Beds6 Beds
Baths9 Bath
Baths8,609 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$604.02 / sqft
Year BuiltBuilt in 2012

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size23,749 sqft

Building Information

Year Built2012
Garage Spaces3

Land Information

APN0903270000002
Lot Number2
SubdivisionRainier Forest
Land UseResidential
Legal DescriptionLT 2 BLK 1 RAINIER FOREST
Census Tract430600
Assessed Land Value$1,312,500
Assessed Improvement Value$3,299,606
Assessment Year2025

About this property

Welcome to your dream home nestled on a quiet street in the highly sought after Bunker Hill Village. This exquisite residence boasts six generously-sized bedrooms, each with its own ensuite bathroom, high ceilings throughout, this home ensures privacy and convenience for family and guests. The spacious primary suite features a luxurious bathtub, glass walk-in shower, and an expansive walk-in closet. The main level is designed for elegant entertaining with a formal living room and dining room, complemented by your wet bar and wine room for effortless hosting. The gourmet kitchen flows seamlessly into the family room and breakfast area overlooks the beautiful pool. This home features a dedicated home office with built-in shelving. With three additional half baths, this residence is designed to accommodate every need. The upstairs game room and theater room offers endless fun and entertainment. Zoned to the fabulous SBISD schools Frostwood Elem, Memorial Middle, and Memorial High.

Investor Tools

Property Icon
$5,088,000
Estimated Property Value
$3,825,472Estimated Mortgage Balance
$1,262,528Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$31,200 /month
Positive
Cash Flow Estimate:
$10,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,705/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,018
$4,612,106
2025
$1,312,500
$3,299,606
$4,612,106
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,018
$4,612,106

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$3,900,000
No
First
Apr 1, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,825,472
$2,046,528
34%
75%
$23,383/mo

Learn About the Market: Opportunity in Houston

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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.

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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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306 Rainier Dr | Property Details | No Agent List