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$1,443,000

NAL Estimated Property Value

5006 Palmetto St, Bellaire, TX, 77401

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,329 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$251.56 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Double Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,701 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN0731770000006
Lot Number6
SubdivisionMclaughlin R/P
Land UseResidential
Legal DescriptionLT 6 MCLAUGHLIN R/P
Census Tract421000
Assessed Land Value$513,000
Assessed Improvement Value$840,809
Assessment Year2025

About this property

Stunning, meticulously-maintained, 2 story, 4 bedroom and 4 ½ baths, stone and stucco home. 9,700 SF (HCAD) lot in desirable Bellaire. Great open floor plan is airy and spacious. Formal living and dining at the front of the home with family room, kitchen and dinette overlooking the huge back yard. Beautiful, private back yard has a heated pool/spa with waterfall feature, landscaping, a cedar arbor and a 300 sq ft covered patio. Chef’s dream gourmet kitchen with island, under-mount cabinet lighting, wine refrigerator and plenty of countertop space. The study has French doors. There are 4 large bedrooms on the 2nd floor, including the master, and a spacious game room with 3 closets. Upstairs rooms have vaulted ceilings. Home has a 2 stall garage, 2 car porte cochere, driveway with electronic gate, full-house HEPA air filtration system, mosquito system & much more! Low tax rate, no HOA, and no MUD. Easy access to the Galleria, Medical Center & Downtown! Home did not flood during Harvey.

Investor Tools

Property Icon
$1,443,000
Estimated Property Value
$737,327Estimated Mortgage Balance
$705,673Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,658 /month
Positive
Cash Flow Estimate:
$2,886 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,241/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19,671
$1,353,809
2025
$513,000
$840,809
$1,353,809
No

Tax History

Year
Tax Paid
Assessed Value
2024
$19,671
$1,353,809

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ally Bank
Conventional
$810,500
No
First
Aug 20, 2021
Sep 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$737,327
$743,673
50%
51%
$4,860/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$4,860/mo
$-1,520/mo
2.8%

City: Bellaire

5006 Palmetto St | Property Details | No Agent List