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$527,000

NAL Estimated Property Value

423 N Gate Stone, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,364 Sq Ft
price_per_sqft$222.08 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Lot Size1,816 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN1218070030007
Lot Number7
SubdivisionMemorial Heights 8 2nd Par R/P
Land UseResidential
Legal DescriptionLT 7 BLK 3 MEMORIAL HEIGHTS 8 2ND PAR R/P
Census Tract510202
Assessed Land Value$189,422
Assessed Improvement Value$308,738
Assessment Year2025

About this property

Nestled behind 24 hour manned gates, this 3 bedroom, 3.5 bath townhome is located in the prestigious Park at Memorial Heights. Community has own private entrance to Spotts Park w walking/biking trails, playground, basketball courts, & tennis courts. Ample (yet never crowded) guest parking, this home has convenient 1st floor living + NO CARPET! Step inside to living room w hardwood floors, plantation shutters, a fireplace flanked with custom built-ins, crown molding, & high ceilings. Open kitchen w SS appliances, granite counters, under cabinet lighting, & massive pantry. Dining area overlooks the back patio, which connects to the detached 2 car garage. Travel to the 2nd floor for the primary retreat, laundry room, & a secondary bedroom w/ ensuite. 3rd floor features massive room w ensuite bath & endless possibilities, from guest suite, media room, home office, gym, or all the above. HEB is just around the corner along with many restaurants, bars, and shopping centers. NEVER FLOODED!

Investor Tools

Property Icon
$527,000
Estimated Property Value
$264,142Estimated Mortgage Balance
$262,858Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,162 /month
Positive
Cash Flow Estimate:
$1,054 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$901/month
$4,400/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,174
$498,160
2025
$189,422
$308,738
$498,160
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,174
$498,160

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$280,000
No
First
Apr 11, 2023
May 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$264,142
$265,858
50%
50%
$1,679/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$6,079/mo
$-3,499/mo
5.9%

City: Houston

423 N Gate Stone | Property Details | No Agent List