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$693,000

NAL Estimated Property Value

411 N Gate Stone, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,251 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$193.76 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Range, Dishwasher, Washer/Dryer

Exterior

Lot Size1,856 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN1218070030012
Lot Number8B
SubdivisionMemorial Heights 8 2nd Par R/P
Land UseResidential
Legal DescriptionLT 8B BLK 3 MEMORIAL HEIGHTS 8 2ND PAR R/P
Census Tract510202
Assessed Land Value$191,889
Assessed Improvement Value$410,150
Assessment Year2025

About this property

Sophisticated corner home in Houston’s most desired location of The Park at Memorial Heights, right off Allen Parkway. These units rarely come to the market, so don’t miss your opportunity. This hidden gem has everything you can possibly desire within a cozy and gated community, featuring a 24 hour guard. There are plenty of parking spaces. Minutes from Downtown, Medical Center, entertainment and within walking distance to the Bayou and Spotts Park. Ideal for those who enjoy the outdoors and convenience of city living. Floor plan features first floor living with outdoor area off the kitchen. Recently updated bathrooms and kitchen with stunning finishes throughout. Ideal for the quarantined lifestyle with flex spaces throughout the home, including an open area in the third floor to be used as a gym, study or home office. Low HOA fees include common areas, exterior landscaping, rear trash pick up & 24-hr attended guard gate. Contact me today for a tour!

Investor Tools

Property Icon
$693,000
Estimated Property Value
$457,323Estimated Mortgage Balance
$235,677Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,158 /month
Positive
Cash Flow Estimate:
$1,386 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,021/month
$3,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,781
$602,039
2025
$191,889
$410,150
$602,039
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,781
$602,039

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Gateway First Bank
Conventional
$500,800
No
First
Oct 20, 2021
Nov 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$457,323
$247,677
35%
66%
$3,003/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$6,503/mo
$-3,923/mo
4.5%

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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411 N Gate Stone | Property Details | No Agent List