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$300,631

NAL Estimated Property Value

427 Dr Martin Luther King Jr Dr, La Porte, TX, 77571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,833 Sq Ft
price_per_sqft$169.07 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher
FlooringTile

Exterior

Lot Size6,251 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0232090000029
Lot Number28,29
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLTS 28 & 29 BLK 90 LA PORTE
Census Tract343700
Assessed Land Value$50,000
Assessed Improvement Value$250,631
Assessment Year2025

About this property

Experience the modern luxury in this newly constructed brick home, ready for you to move in and make your own. With 3 bedrooms and 2 bathrooms, this home is a showcase of impeccable design and craftsmanship.Upon entering, you'll be captivated by the exquisite designer tile that graces every corner of the house, including the custom tile showers in the bathrooms. The coffered ceilings in both the living room and bedrooms add an elegant touch that sets this home apart.The kitchen is a chef's dream, featuring stylish shaker cabinets, sleek quartz countertops, stainless steel appliances, and matching hardware. Your primary bedroom is generously sized, providing a welcoming retreat within your home. The primary bathroom is a sanctuary of its own, boasting a spacious stand-up shower and a luxurious tub that rivals a resort-style spa. Step outside to discover a covered patio, overlooking a fully fenced backyard that offers privacy and space for outdoor activities. Only 4 homes left

Investor Tools

Property Icon
$300,631
Estimated Property Value
$290,595Estimated Mortgage Balance
$10,036Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,859 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,918
$300,631
2025
$50,000
$250,631
$300,631
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,918
$300,631

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$303,402
Yes
First
Jan 12, 2024
Feb 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,595
$10,405
3%
97%
$1,820/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,820/mo
$-98/mo
6.9%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: La Porte

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427 Dr Martin Luther King Jr Dr | Property Details | No Agent List