B+

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Owner Contacts

$1,592,000

411 Wetherby Ter, Houston, TX, 77024

Off Market

3 Beds

4 Bath

2,839 Sq Ft

Single Family Residence

$491.37 / sqft

Built in 2022

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Oven, Microwave, Gas Range, Dishwasher, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Lot Size2,448 sqft

Building Information

Year Built2022

Garage Spaces1

Land Information

APN1359420050027

Lot Number27

Land UseResidential

Legal DescriptionLT 27 BLK 3 MEMORIAL GREEN SEC 2 R/P & EXTN

Census Tract430900

Assessed Land Value$478,160

Assessed Improvement Value$901,840

Assessment Year2025

About this property

MOVE IN READY! New construction by Pelican Builders, Inc. located on premier corner lot in Memorial Green! Last remaining Wetherby plan features: 3/4 bedrooms, 3.5 baths, first-floor living, wood floors throughout, 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 patio. Gourmet kitchen features Bosch stainless steel appliances, quartzite 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; Two secondary bedrooms with walk-in closets and jack & jill bath; utility room. 3rd floor oversized game room with full bath. Elevator, two-car garage. Walkable to Memorial Green shops and restaurants. SBISD schools (Frostwood Elem., Memorial Middle, Memorial HS) BY APPOINTMENT ONLY.

Investor Tools

$1,592,000

Estimated Property Value

$917,000Estimated Mortgage Balance

$699,158Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$9,552 /month

Positive

Cash Flow Estimate:

$3,184 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,706/month

$4,326/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,516

$1,380,000

2025

$478,160

$901,840

$1,380,000

Tax History

Year

Tax Paid

Assessed Value

2024

$12,516

$1,380,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Toyota Financial Savings Bank

Conventional

$917,000

First

Mar 28, 2024

Apr 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$892,842

$786,158

46%

56%

$5,647/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$9,973/mo

$-7,453/mo

1.9%

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