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Owner Contacts

$1,488,000

NAL Estimated Property Value

318 Tealwood Dr, Houston, TX, 77024

Off Market

5 Beds

5 Bath

3,211 Sq Ft

$491.75 / sqft

Built in 1968

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5

Bathrooms Full 4

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Microwave, Dishwasher

FlooringVinyl

Exterior

Private Pool

Lot Size9,601 sqft

Building Information

Year Built1968

Stories1

Garage Spaces2

Land Information

APN0993040000014

Lot Number14

SubdivisionTealwood

Land UseResidential

Legal DescriptionLT 14 BLK 3 TEALWOOD SEC 2

Census Tract430900

Assessed Land Value$624,000

Assessed Improvement Value$857,162

Assessment Year2025

About this property

LUXURY LIVING at it's finest in Memorial! The home is positioned in this classic Houston neighborhood and sits on a perfectly sized lot surrounded by large trees on a quiet street. You won't find anything like this - TALL ceiling, custom iron glass front pivot door, Monogram appliances, SEPARATE GARAGE APARTMENT like area with 2nd kitchen along with fully air-conditioned garage space, BACKYARD RETREAT with climate controlled/HEATED POOL, JACUZZI, outdoor gas grill, along with an outdoor shower, custom LED lighting and smart technology throughout. Upgrades galore with this one-of-a-kind beauty - there's just too many to list! Reputable, sought after schools in this area as well as many shops, boutiques, and restaurants nearby. Schedule your showing today!

Investor Tools

$1,488,000

Estimated Property Value

$1,136,347Estimated Mortgage Balance

$351,653Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$9,474 /month

Positive

Cash Flow Estimate:

$3,158 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,730/month

$700/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,318

$1,481,162

2025

$624,000

$857,162

$1,481,162

Tax History

Year

Tax Paid

Assessed Value

2024

$13,318

$1,481,162

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$1,198,400

First

Jul 7, 2023

Aug 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,136,347

$344,815

23%

76%

$7,186/mo

Learn About the Market: Opportunity in Houston

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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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