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$318,000

NAL Estimated Property Value

505 Heathgate Dr, Houston, TX, 77062

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,634 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$0.8 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Lot Size7,593 sqft

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APN1130050000005
Lot Number5
SubdivisionMeadowgreen
Land UseResidential
Legal DescriptionLT 5 BLK 11 MEADOWGREEN SEC 2
Census Tract340702
Assessed Land Value$63,291
Assessed Improvement Value$211,622
Assessment Year2025

About this property

Updated 4 bedroom beauty in the heart of Clear Lake! Large closets throughout including dual closets in the DOWNSTAIRS master bedroom. Over-sized master shower. Two living spaces and two dining spaces make this a great floor plan. Recently remodeled kitchen features additional cabinet space and new appliances (double oven!) French doors lead to the spacious COVERED back patio. Double privacy gate protects the extra wide garage for your vehicles and work space or man cave! The home is extra insulated for low energy bills and there is tons of attic space for storage. Other great features: wood floors, new carpet, new AC, great shade trees, never flooded. The owners loved raising their child in this home/neighborhood/school district. Centrally convenient to downtown and Galveston.

Investor Tools

Property Icon
$318,000
Estimated Property Value
$77,955Estimated Mortgage Balance
$240,045Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,908 /month
Positive
Cash Flow Estimate:
$636 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,938
$274,913
2025
$63,291
$211,622
$274,913
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,938
$274,913

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$97,888
No
First
Sep 29, 2016
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$77,955
$237,045
75%
25%
$587/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$587/mo
+$1,639/mo
8.4%

City: Houston

505 Heathgate Dr | Property Details | No Agent List