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$1,362,000

323 Electra Dr, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,596 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$520.03 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size33,284 sqft

Building Information

Year Built1960
Stories1
Garage Spaces4

Land Information

APN0900250000015
Lot Number15
SubdivisionMemorial Bend
Land UseResidential
Legal DescriptionLT 15 BLK 12 MEMORIAL BEND SEC 3 R/P
Census Tract450700
Assessed Land Value$783,871
Assessed Improvement Value$414,818
Assessment Year2025

About this property

A rare opportunity to own a true mid-century modern gem on an extraordinary 33,287 square foot lot backing to Rummel Creek. This meticulously maintained home sits on nearly ¾ of an acre of lush, terraced grounds that include a private cascading waterfall and stone steps leading directly to the bayou—an idyllic natural escape right in your backyard. The home features a whole house generator, tankless water heater and cascading shutters with remote control for storm protection. Surrounded by mature trees and moments from the Audubon Society’s 17-acre bird sanctuary, this serene setting feels worlds away yet is ideally located adjacent to the hike-and-bike trails of Terry Hershey Park. Enjoy unmatched privacy and natural beauty with easy access to I-10, Beltway 8, and the shops and dining of Town & Country and CityCentre.

Investor Tools

Property Icon
$1,362,000
Estimated Property Value
$806,500Estimated Mortgage Balance
$356,918Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,172 /month
Positive
Cash Flow Estimate:
$2,724 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$957/month
$444/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,675
$1,198,689
2025
$783,871
$414,818
$1,198,689
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,675
$1,198,689

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Network Funding Lp
Conventional
$806,500
No
First
Jul 15, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,005,082
$392,918
28%
74%
$6,117/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$6,561/mo
$-4,041/mo
2.2%

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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323 Electra Dr | Property Details | No Agent List