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$6,495,000

318 Knipp Rd, Houston, TX, 77024

On MarketInfo
Beds6 Beds
Baths5 Bath
Baths9,020 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$720.07 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 6Bathrooms Full 6
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Ice Maker, Wine Refrigerator, Convection Oven, Double Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Marble, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen, Balcony
Lot Size20,508 sqft

Building Information

Year Built2023
Stories1
Garage Spaces4

Land Information

APN0852750000004
Lot Number4
SubdivisionChapelwood
Land UseResidential
Legal DescriptionLT 4 BLK 1 CHAPELWOOD
Census Tract430600
Assessed Land Value$1,093,716
Assessed Improvement Value$2,332,844
Assessment Year2025

About this property

Exquisite modern transitional home in Bunker Hill Village, brand new construction with innovative design. On a 20,508 sq ft lot with a circular driveway, this custom residence offers 5/6 beds, 5/6 full baths, and 2 half baths. The two-story great room offers unobstructed views of the dining area and chef’s kitchen, both filled with natural light from large windows. The chef’s kitchen has dual oversized islands and premium appliances. The first floor includes a game room with wet bar, private theater, utility room, glass wine room, and primary suite with sitting area, spa bath, sauna, and boutique style closet. Upstairs, the north wing has four en-suite bedrooms, while the south wing features his-and-hers libraries. Outdoors, enjoy a resort-style pool and spa, fire pit, al fresco kitchen, lush landscaping, and a 3-car garage. The home is tech-savvy, elevator-ready, with four fireplaces, energy-efficient, sustainable, and comfortable. Walking path to lake and hiking trail.

Investor Tools

$1,808,594Estimated Mortgage Balance
$4,726,043Estimated Equity
73% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$40,392 /month
Positive
Cash Flow Estimate:
$13,464 /month

Interested in this property?

Becky Wheeler

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,913/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,300
$3,426,560
2025
$1,093,716
$2,332,844
$3,426,560
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,300
$3,426,560

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Regions Bank
Conventional
$1,893,750
No
First
Jan 20, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,808,594
$4,923,406
73%
27%
$11,197/mo

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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318 Knipp Rd | Property Details | No Agent List