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$860,000

NAL Estimated Property Value

514 Patchester Dr, Houston, TX, 77079

$889,372 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,577 Sq Ft
price_per_sqft$348.86 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Gas Cooktop, Dishwasher
FlooringCarpet, Terrazzo, Tile, Wood

Exterior

Lot Size8,324 sqft

Building Information

Year Built1966
Garage Spaces2

Land Information

APN0985630000004
Lot Number4
SubdivisionWilchester West
Land UseResidential
Legal DescriptionLT 4 BLK 7 WILCHESTER WEST SEC 1
Census Tract450200
Assessed Land Value$399,600
Assessed Improvement Value$221,500
Assessment Year2025

About this property

Welcome to this 5-bedroom, 2.5-bath home nestled in the heart of Memorial, in the highly sought-after neighborhood of Wilchester West. Offering its original floor plan, this home presents a wonderful opportunity to move in as-is or update over time to reflect your personal style. Inside, you’ll find comfortable living spaces highlighted by rich wood paneling that creates a warm, inviting atmosphere. The layout provides an easy, functional flow, ideal for both everyday living and entertaining. Situated on a spacious lot with mature trees, the property offers a serene setting while still being conveniently close to shopping, dining, and desirable schools (buyer to verify eligibility). If you’ve been searching for a home in Memorial with the potential to make it truly your own, this is a rare opportunity you won’t want to miss.

Investor Tools

Property Icon
$860,000
Estimated Property Value
$734,079Estimated Mortgage Balance
$291,842Estimated Equity
14% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$889,371
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$500/month
$685/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,700
$621,100
2025
$399,600
$221,500
$621,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,700
$621,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mortgage Co
Credit Line (Revolving) / Heloc
$417,000
No
First
Jul 18, 2012
Aug 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$734,079
$125,921
14%
85%
$2,501/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
$3,186/mo
$-456/mo
3.8%

City: Houston

514 Patchester Dr | Property Details | No Agent List