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$288,000

NAL Estimated Property Value

515 Tallowood Rd Unit 36, Houston, TX, 77024

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,440 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$159.03 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1970
Stories2

Land Information

APN1094080000004
SubdivisionTallowood T/H Condo
Land UseResidential
Legal DescriptionUNIT 36 BLDG E .018030 INT COMMON LAND & ELE TALLOWOOD T/H CONDO
Census Tract430800
Assessed Land Value$53,481
Assessed Improvement Value$227,998
Assessment Year2025

About this property

This Wonderful, Desirable Three Bedroom Unit Features Newly Installed Porcelain Wood-Like Tile Flooring Downstairs & Upstairs, Stairway with Wood Floors, No Carpet in the Unit and Freshly Painted. Kitchen updated with Granite Countertops, Cabinets, & Stainless-Steel Appliances. Spacious Living Room & Dining Room with plenty of room for entertaining. One Large Bedroom Down with Full Bath, & Your Private Sliding Door to the Patio Deck. Upstairs has Two Generous-Sized Bedrooms with Jack n Jill Bathroom, Walk-In Closets with Built-In Shelves. From the Kitchen & the Downstairs Bedroom, You can open the Doors to lead out to your Fenced Patio with Newly Installed Tiled Decking. Two Carports are assigned to your unit just outside your Patio. Electricity, Water, Sewer, & the Community Swimming Pool are included in the HOA fee. Refrigerator and Full-Sized Washer and Dryer Included. Zoned to Award Winning School, Closed to Memorial City Mall, City Centre, the Katy Freeway. Did Not Flood

Investor Tools

Property Icon
$288,000
Estimated Property Value
$111,505Estimated Mortgage Balance
$176,495Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,728 /month
Positive
Cash Flow Estimate:
$576 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$304/month
$592/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,203
$281,479
2025
$53,481
$227,998
$281,479
No

Tax History

Year
Tax Paid
Assessed Value
2020
$2,203
$281,479

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$125,000
No
First
Oct 9, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,505
$169,974
60%
39%
$750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$1,342/mo
+$1,178/mo
10.5%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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515 Tallowood Rd Unit 36 | Property Details | No Agent List