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$808,000

NAL Estimated Property Value

506 Walnut Bend Ln, Houston, TX, 77042

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,877 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$283.28 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size16,501 sqft

Building Information

Year Built1967
Garage Spaces2

Land Information

APN0982880000018
Lot Number18
SubdivisionWalnut Bend
Land UseResidential
Legal DescriptionLT 18 BLK 29 WALNUT BEND SEC 8
Census Tract450803
Assessed Land Value$255,000
Assessed Improvement Value$438,443
Assessment Year2025

About this property

Experience the allure of this beautifully situated home on a sprawling 16,500 sqft. ravine lot in the desirable North section of Walnut Bend. The property boasts exceptional living spaces both indoors & out, designed for comfort & style. The chef’s kitchen is a culinary dream with granite counters, breakfast bar, gas cooktop, & custom storage. The adjoining family room accesses the outdoor living with vaulted ceiling, custom TV enclosure, outdoor kitchen & pergola with fire pit. 1st floor primary suite is a tranquil retreat, complete with spa-inspired bath & a walk-in closet. 2nd floor accommodates 3 well-appointed bedrooms, cedar closet & upgraded bath featuring dual sinks & abundant storage. Backyard provides expansive green space with raised flower beds, & multiple outdoor living areas. Residents can take advantage of community pool, a neighborhood pool, park, & tennis courts. This home is located minutes away from City Centre, offering an array of upscale dining & shopping options.

Investor Tools

Property Icon
$808,000
Estimated Property Value
$376,336Estimated Mortgage Balance
$431,664Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,890 /month
Positive
Cash Flow Estimate:
$1,630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,170/month
$1,128/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,005
$693,443
2025
$255,000
$438,443
$693,443
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,005
$693,443

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$382,500
No
First
Jun 11, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$376,336
$453,664
54%
47%
$2,294/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,440/mo
$3,422/mo
$-982/mo
3.6%

City: Houston

506 Walnut Bend Ln | Property Details | No Agent List