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Owner Contacts

$226,000

NAL Estimated Property Value

515 Tallowood Rd Unit 22, Houston, TX, 77024

Off Market

2 Beds

3 Bath

1,122 Sq Ft

Condos / Townhouses

$1.92 / sqft

Built in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Bathrooms Half 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher

FlooringCarpet, Tile, Wood

Building Information

Year Built1970

Stories2

Land Information

APN1094060000006

SubdivisionTallowood T/H Condo

Land UseResidential

Legal DescriptionUNIT 22 BLDG C .015090 INT COMMON LAND & ELE TALLOWOOD T/H CONDO

Census Tract430800

Assessed Land Value$38,350

Assessed Improvement Value$163,490

Assessment Year2025

About this property

Welcome home to this well-maintained end-unit condo conveniently located near City Centre and Memorial City and zoned to exemplary SBISD award-winning Spring Branch Schools including Frostwood Elementary, Memorial Middle and Memorial High School. This two bedroom two and a half bath townhome is located with easy access to beltway 8 & I-10 with walkability to nearby parks and restrautans. The home offers a first floor alley style kitchen area with plenty of cabinet space including granite counters, washer and dryer. The second floor offers two bedrooms that are generous in size with plenty of storage. The home has tile and wood floors through out with no carpet. HOA includes all utilities (electrical, water/sewer, basic cable, exterior insurance/maintenance, community pool & common grounds) along with a gated pool. Furniture and Tv's can be included in lease or removed.

Investor Tools

$226,000

Estimated Property Value

$0Estimated Mortgage Balance

$226,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,356 /month

Positive

Cash Flow Estimate:

$452 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$288/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,322

$201,840

2025

$38,350

$163,490

$201,840

Tax History

Year

Tax Paid

Assessed Value

2024

$2,322

$201,840

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$224,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

N/A

+$1,910/mo

10.1%

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