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$254,076

NAL Estimated Property Value

503 Dr Martin Luther King Jr Drive, La Porte, TX, 77571

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,762 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$130.53 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Range, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet, Tile

Exterior

Lot Size3,123 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN0232160030018
Lot Number18
SubdivisionLa Porte
Land UseResidential
Legal DescriptionLT 18 BLK 103 LA PORTE
Census Tract343700
Assessed Land Value$25,000
Assessed Improvement Value$229,076
Assessment Year2025

About this property

Come take a look at this immaculate townhome with NO monthly maintenance dues! This lovely, well maintained home has 3 bedrooms on the 2nd level, 2.5 bath, and a 2 car garage with an open concept, large primary bedroom with raised ceiling, spacious primary bathroom with a soaking tub and separate shower, double sinks, and a large walk in closet. The additional secondary bedrooms are spacious and can comfortably accommodate a king sized bedroom set. You'll find this home has appealing and convenient enhancements such as recessed lighting throughout the 1st level, stainless steel appliances including a side by side refrigerator, tiled backsplash and granite countertops, gutters, and a concrete slab in the large, fenced backyard perfect for relaxing on your patio set. You'll be conveniently located near Kemah Boardwalk, Sylvan Beach Park, grocery & retail stores, and near major highways (TX-225, TX-146, and Beltway 8). Schedule to view this amazing home today! Professional pics coming!

Investor Tools

Property Icon
$254,076
Estimated Property Value
$200,237Estimated Mortgage Balance
$53,839Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,524 /month
Positive
Cash Flow Estimate:
$508 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
$508/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,482
$254,076
2025
$25,000
$229,076
$254,076
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,482
$254,076

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amcap Mortgage Ltd
Fha
$215,268
Yes
First
Aug 12, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,237
$53,839
21%
79%
$1,291/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,799/mo
$-77/mo
8.1%

City: La Porte

503 Dr Martin Luther King Jr Drive | Property Details | No Agent List