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$320,000

NAL Estimated Property Value

3330 Las Palmas Street 24, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,449 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$227.74 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Washer, Dishwasher
FlooringCarpet, Laminate, Tile

Building Information

Year Built1989
Garage Spaces2

Land Information

APN1156720040024
SubdivisionDrexel Place
Land UseResidential
Legal DescriptionUNIT 24 BLDG 4 DREXEL PLACE LAS PALMAS
Census Tract411505
Assessed Land Value$125,000
Assessed Improvement Value$188,409
Assessment Year2025

About this property

Prime location! Walk to Highland Village, Central Market, and MORE! This GEM of a community is located on tree-lined street surrounded by $1MM+ homes. Only 24 units, this particular home offers front and back green space with a patio. First floor living with wood burning fireplace and endless natural light. All bedrooms up with ensuite bathroom and walk-in laundry room. Minutes from TX Medical Center, Galleria shopping Mall, Memorial Park, and Downtown. Don't miss beauty! New water heater (2022), fresh paint, AC has been serviced, and new carpet.

Investor Tools

Property Icon
$320,000
Estimated Property Value
$279,553Estimated Mortgage Balance
$40,447Estimated Equity
12% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,980 /month
Positive
Cash Flow Estimate:
$660 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
$341/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,401
$313,409
2025
$125,000
$188,409
$313,409
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,401
$313,409

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wercinski Living Trust
Conventional
$300,000
No
First
Sep 6, 2022
Oct 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,553
$40,447
12%
87%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$2,140/mo
$-180/mo
7.3%

City: Houston

3330 Las Palmas Street 24 | Property Details | No Agent List