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$1,003,000

NAL Estimated Property Value

510 Park Trail Lane, Houston, TX, 77007

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,298 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$232.08 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size3,393 sqft

Building Information

Year Built2002
Garage Spaces1

Land Information

APN1212800020018
Lot Number18
SubdivisionMemorial Heights
Land UseResidential
Legal DescriptionLT 18 BLK 2 MEMORIAL HEIGHTS SEC 7
Census Tract510202
Assessed Land Value$275,612
Assessed Improvement Value$685,813
Assessment Year2025

About this property

A sense of sophisticated elegance and uncompromised detail awaits you inside the exclusive manned gates of The Park at Memorial Heights. A true labor of love, no expense was spared to reimagine the interior and exterior of this home and create an oasis where you're only minutes from downtown, but feel surrounded by nature. On each of the three levels you’ll find an outdoor space with views of Spotts Park, where you can relax and watch the sunsets. Throughout the courtyard and living areas of the first floor, you’ll feel an essence of New Orleans with the brick patio, therapeutic fountain, exposed brick walls, rich wood flooring and trellises featuring evening lighting. The open floorplan begs to entertain guests with a seamless flow from the outside in. With two primary suites and a huge flex room on the 3rd floor that could also serve as a 5th bedroom if needed, there are endless options to create a home that fits your family’s needs. Full list of upgrades available on feature list.

Investor Tools

Property Icon
$1,003,000
Estimated Property Value
$247,602Estimated Mortgage Balance
$755,398Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,018 /month
Positive
Cash Flow Estimate:
$2,006 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,892/month
$3,650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$17,685
$961,425
2025
$275,612
$685,813
$961,425
No

Tax History

Year
Tax Paid
Assessed Value
2024
$17,685
$961,425

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lendlo Mortgage Llc
Fha
$256,832
Yes
First
May 24, 2024
Jun 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$247,602
$755,398
75%
25%
$1,540/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$5,190/mo
$-1,850/mo
4.0%

City: Houston

510 Park Trail Lane | Property Details | No Agent List