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$1,699,000

NAL Estimated Property Value

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
$1,234,026Estimated Mortgage Balance
$464,974Estimated Equity
29% 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%

City: Houston

409 Sutherland Terrace Pl | Property Details | No Agent List