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Owner Contacts

$1,830,000

NAL Estimated Property Value

462 Faust Ln, Houston, TX, 77024

Off Market

4 Beds

4 Bath

4,304 Sq Ft

Single Family Residence

$296.24 / sqft

Built in 2008

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesWater Heater, Disposal, Ice Maker, Convection Oven, Microwave, Gas Range, Dishwasher

FlooringTile, Wood

Exterior

Private Pool

Lot Size10,271 sqft

Building Information

Year Built2008

Stories1

Garage Spaces2

Land Information

APN0843210000032

Lot Number32

SubdivisionMemorial Bend

Land UseResidential

Legal DescriptionLT 32 BLK 3 MEMORIAL BEND SEC 1

Census Tract430900

Assessed Land Value$606,808

Assessed Improvement Value$820,973

Assessment Year2025

About this property

Gorgeous, sun-filled home on large corner lot located in Houston’s premier Memorial neighborhood. This designer finished home features a grand entrance, elegant formal dining, large, open island kitchen, Butler’s Pantry and two walk-in pantries. Upstairs wired media room, large game room and extra room that can be used for an exercise room. Master retreat is conveniently located on the first floor with oversized ensuite bath, three large walk-in closets with plenty of shelves and built-ins. Stunning, private study with French doors. Backyard oasis has a salt-water pool, and a large covered patio, perfect for outdoor dining and entertaining. Spacious front and backyard with plenty of entertaining space. Conveniently located in Memorial, easy access to I-10 and Beltway 8, City Centre and Memorial City. Zoned to Spring Branch schools.

Investor Tools

$1,830,000

Estimated Property Value

$893,832Estimated Mortgage Balance

$936,168Estimated Equity

52% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$10,980 /month

Positive

Cash Flow Estimate:

$3,660 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,920/month

$374/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$13,885

$1,427,781

2025

$606,808

$820,973

$1,427,781

Tax History

Year

Tax Paid

Assessed Value

2024

$13,885

$1,427,781

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Republic State Mortgage Co

Conventional

$1,000,000

First

Nov 27, 2020

Dec 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$893,832

$994,168

52%

49%

$5,996/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$3,250/mo

$6,370/mo

$-3,120/mo

2.1%

Learn About the Market: Opportunity in Houston

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