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$1,699,000

409 Sutherland Terrace Pl, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,345 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$497.76 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size2,583 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN1359420080011
Lot Number11
Land UseResidential
Legal DescriptionLT 11 BLK 1 MEMORIAL GREEN SEC 2 R/P & EXTN 2ND PAR R/P
Census Tract430900
Assessed Land Value$492,888
Assessed Improvement Value$907,112
Assessment Year2025

About this property

TO BE BUILT! CORNER LOT! Memorial Green is a gated community of beautifully designed, luxury urban homes located in the heart of Memorial. Built by Pelican Builders and designed by George Hopkins. The Park Plan features beautiful exterior elevations, first-floor living, wood floors throughout living area, crown molding, high ceilings and outdoor living! 1st floor open-layout living with fireplace, dining and access to outdoor living; abundance of light from wall of windows and french doors to side courtyard. Gourmet kitchen features Bosch stainless steel appliances, quartz countertops and designer cabinetry. 2nd floor Primary suite with luxurious bath including soaking tub and walk-in shower, separate vanities and separate his&hers walk-in closets; ensuite secondary bedroom with walk-in closet; study and utility room. 3rd floor ensuite secondary bedroom; media room with covered rooftop terrace! Elevator capable, two-car garage, first-floor living with outdoor space. Park view!

Investor Tools

Property Icon
$1,699,000
Estimated Property Value
$1,260,000Estimated Mortgage Balance
$464,974Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,194 /month
Positive
Cash Flow Estimate:
$3,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,185/month
$4,200/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,730
$1,400,000
2025
$492,888
$907,112
$1,400,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,730
$1,400,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
New American Funding
Conventional
$1,260,000
No
First
Mar 26, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,234,026
$509,974
29%
73%
$7,555/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$11,755/mo
$-9,235/mo
1.8%

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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