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$1,763,000

NAL Estimated Property Value

419 Faust Ln, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,583 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$294.35 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Convection Oven, Double Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer
FlooringCarpet, Tile, Wood

Exterior

Lot Size8,398 sqft

Building Information

Year Built2008
Stories1
Garage Spaces2

Land Information

APN0843220000011
Lot Number11
SubdivisionMemorial Bend
Land UseResidential
Legal DescriptionLT 11 BLK 4 MEMORIAL BEND SEC 1
Census Tract430900
Assessed Land Value$546,000
Assessed Improvement Value$891,595
Assessment Year2025

About this property

This custom home is move in ready! New carpet in bedrooms(2022), updated refrigerator(2018) double ovens(2018), air conditioners(2018,2020),dishwasher(2018). Entertain around the exotic Granite waterfall island. Your inner chef will be inspired by the high end stainless steel appliances and 6 burner gas cooktop. Enjoy casual meals in the shared breakfast area or formal dining room. Store leftovers in the second fridge. When you enter the home through the garage, the mudroom will keep your belongings out of sight. In the evening, retire to your serene primary suite. The spa inspired en suite features dual vanities, a separate shower and a private area to soak in the vessel tub. The oversized custom closet with built ins and shoe racks does not disappoint. Rest easy knowing your children are attending exemplary Schools (Rummel Creek Elementary, Memorial Middle/High).

Investor Tools

Property Icon
$1,763,000
Estimated Property Value
$1,206,965Estimated Mortgage Balance
$556,035Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,578 /month
Positive
Cash Flow Estimate:
$3,526 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,881/month
$450/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,751
$1,437,595
2025
$546,000
$891,595
$1,437,595
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,751
$1,437,595

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kothari Holdings Lp
Commercial
$1,290,650
No
First
Nov 30, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,206,965
$636,035
34%
68%
$7,739/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$8,189/mo
$-4,939/mo
2.2%

City: Houston

419 Faust Ln | Property Details | No Agent List