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$717,950

324 Forest Reserve Pl, Houston, TX, 77079

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,816 Sq Ft
price_per_sqft$395.35 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Refrigerator Included, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Vinyl Plank

Exterior

Exterior FeaturesBalcony, Sprinkler System
Lot Size2,901 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN1417220030001
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 3 RESERVE IN MEMORIAL SEC 1 AMEND
Census Tract450700
Assessed Land Value$245,000
Assessed Improvement Value$416,000
Assessment Year2025

About this property

Empire Homes new construction. Welcome to the Houston Plan, a stunning two-story residence in The Reserve in Memorial, a private 6-acre gated community with direct access to Terry Hershey Park. This thoughtfully designed home offers 3 bedrooms, 2.5 baths, and an upstairs flex room ideal for a home office, media space, or playroom. The private primary suite features a spacious bath with an oversized walk-in shower with bench seating and a generous walk-in closet. The open-concept main level includes a stylish kitchen with quartz countertops, Frigidaire stainless steel appliances, a 4-burner gas cooktop with center griddle, and a stainless vent hood. A tucked-away wine grotto provides the perfect spot for entertaining or a cozy night in. Enjoy a low-maintenance lifestyle with private community access to Terry Hershey Park and miles of hike-and-bike trails. Zoned to highly acclaimed Spring Branch ISD. An exceptional opportunity to own a new construction home in the coveted Memorial area.

Investor Tools

$0Estimated Mortgage Balance
$711,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,308 /month
Positive
Cash Flow Estimate:
$1,436 /month

Interested in this property?

Alison Sewell

Compass RE Texas, LLC - Houston

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$453/month
$2,600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,884
$661,000
2025
$245,000
$416,000
$661,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,884
$661,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$732,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$2,600/mo
$-490/mo
3.6%

City: Houston

324 Forest Reserve Pl | Property Details | No Agent List