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$374,000

NAL Estimated Property Value

320 Walthall Dr, Houston, TX, 77022

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths2,040 Sq Ft
price_per_sqft$183.33 / sqft
Year BuiltBuilt in 1969

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
HeatingHeating

Exterior

Lot Size1 acre

Building Information

Year Built1969
Stories1

Land Information

APN0650980000029
Lot Number28,29
SubdivisionPecan Gardens
Land UseResidential
Legal DescriptionLTS 28 & 29 PECAN GARDENS
Census Tract530502
Assessment Year2025

About this property

This exclusive 1-acre land, precisely dimensioned at 208 ft x 208 ft, is ideally located to support the development of single family homes. An exceptional chance for builders and investors, this property offers a unique setup for innovative residential projects in a prestigious area. Its distinct size is a key benefit, facilitating an efficient design that requires only two driveways, and optimizing land usage. Situated outside 100 flood risk zones, it guarantees increased stability for any new construction. Pre-existing utilities on site make for a swift development process, adding to its attractiveness. Its closeness to the renowned Kennedy Elementary School enhances its value. Acquire this land to craft a noteworthy presence in the rapidly growing Independence Heights where new homes sell 400K on average. An essential acquisition for visionary real estate investors. Refer to the attached documents for more information. Property not subdivided.

Investor Tools

Property Icon
$374,000
Estimated Property Value
$61,071Estimated Mortgage Balance
$312,929Estimated Equity
83% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Liberty Home Mortgage Corp
Fha
$66,255
Yes
First
Mar 11, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$61,071
$308,929
83%
16%
$398/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$398/mo
+$1,324/mo
5.5%

City: Houston

320 Walthall Dr | Property Details | No Agent List