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Owner Contacts

$234,134

515 Tallowood Rd Unit 61, Houston, TX, 77024

Off Market

2 Beds

3 Bath

1,122 Sq Ft

Condos / Townhouses

$196.08 / sqft

Built in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2

Bathrooms Full 1

Bathrooms Half 1

Heating Central

Cooling

AppliancesDisposal, Microwave, Refrigerator, Dishwasher, Washer/Dryer

FlooringLaminate

Building Information

Year Built1970

Stories2

Land Information

APN1094110000005

SubdivisionTallowood T/H Condo

Land UseResidential

Legal DescriptionUNIT 61 BLDG H .015090 INT COMMON LAND & ELE TALLOWOOD T/H CONDO

Census Tract430800

Assessed Land Value$44,485

Assessed Improvement Value$189,649

Assessment Year2025

About this property

Welcome to a slice of serene, charming living in the highly sought-after Tallowood Community! Get ready to embrace an exceptionally convenient lifestyle in the heart of the Memorial area, zoned to highly-rated schools. All your main utilities—WATER, POWER, GAS, SEWER, & TRASH—are thoughtfully covered! Plus, the HOA maintains the beautiful grounds and community POOL, leaving you more time for what truly matters. Enjoy convenient FIRST FLOOR LIVING and powder room. Breakfast/dining space across from the kitchen. Back patio offers a great spot to get some sun or enjoy a quiet spot to sip your coffee. Upstairs offers two bedrooms, 1 remodeled bath, and second half bath. Two covered, assigned parking spots located behind the unit right outside of the patio space. NEVER FLOODED! Come experience the perfect blend of comfort, convenience, and community in Tallowood!

Investor Tools

$234,134

Estimated Property Value

$176,000Estimated Mortgage Balance

$58,642Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

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Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,405 /month

Positive

Cash Flow Estimate:

$468 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$318/month

$615/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,641

$234,134

2025

$44,485

$189,649

$234,134

Tax History

Year

Tax Paid

Assessed Value

2024

$2,641

$234,134

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

United Wholesale Mortgage

Conventional

$176,000

First

Mar 4, 2026

Apr 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$175,492

$58,642

25%

75%

$1,056/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,910/mo

$1,671/mo

+$239/mo

9.8%

Learn About the Market: Opportunity in Houston

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