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$493,493

4843 Mcdermed Dr, Houston, TX, 77035

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,283 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$214.59 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Gas Range, Dishwasher, Oven
FlooringTile, Wood

Exterior

Lot Size8,398 sqft

Building Information

Year Built1956
Stories1
Garage Spaces1

Land Information

APN0852010000004
Lot Number4
SubdivisionWillow Meadows
Land UseResidential
Legal DescriptionLT 4 BLK 19 WILLOW MEADOWS SEC 2
Census Tract420300
Assessed Land Value$260,400
Assessed Improvement Value$233,093
Assessment Year2025

About this property

Positioned on a premier street in Willow Meadows, this home has been magnificently maintained and superbly updated, with a floor plan designed for elegant entertaining. A wrap around porch and graceful exterior and interior galleries provide lovely vistas thru walls of glass doors. Cloister garden, sweeping lawn and a shady arcade set the tone of serenity and low-key luxury throughout. The home offers a 2,283 SF interior, four Lrg bedrooms w/ two remodeled baths, two Family Rms, Morning Rm, Formal Dng Rm & a Study w/ built-ins. The Mstr Bdrm w/ en-suite; walk-in closet & a lavish Bath. Hrdwd Flrs in Living Rm & in Bdrms. Opulent Family Rm w/ glass-enclosed Fireplace & Travertine tile & Crown molding. Gallery Kitchen features: Granite cntrtp; designer backsplash; under cabinet lighting, SS Applncs & built-in Pantry. Morning Rm w/ built-in china cabinet. Drainlines & attic Water Supplies Rplcd. EnergyStar Reflective Roof. Ducts Replaced & add’l returns installed 2017. Did Not Flood!

Investor Tools

Property Icon
$493,493
Estimated Property Value
$380,000Estimated Mortgage Balance
$149,792Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,961 /month
Positive
Cash Flow Estimate:
$987 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,017
$493,493
2025
$260,400
$233,093
$493,493
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,017
$493,493

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keller Mortgage Llc
Conventional
$380,000
No
First
May 6, 2021
Jun 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$343,701
$166,299
32%
70%
$2,279/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$2,639/mo
$-413/mo
5.4%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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4843 Mcdermed Dr | Property Details | No Agent List