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$456,000

NAL Estimated Property Value

5315 Palmetto Street, Houston, TX, 77081

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,550 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.47 / sqft
Year BuiltBuilt in 1967

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size7,200 sqft

Building Information

Year Built1967
Garage Spaces2

Land Information

APN0771170020001
Lot Number1
SubdivisionPalmetto Plaza
Land UseResidential
Legal DescriptionLT 1 BLK 2 PALMETTO PLAZA
Census Tract421501
Assessed Land Value$108,000
Assessed Improvement Value$175,627
Assessment Year2025

About this property

Unique opportunity to own an unrestricted 62 x 120 corner lot that can be used for residential or commercial development. Great location just outside the city of Bellaire commercial district. Zoned to Bellaire High School. Great opportunity for a multitude of businesses or residential development. Survey and Elevation certificate available upon request. Lots of commercial and new construction residential in the immediate area. Close to the Galleria and Medical Center.

Investor Tools

Property Icon
$456,000
Estimated Property Value
$299,252Estimated Mortgage Balance
$156,748Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,736 /month
Positive
Cash Flow Estimate:
$912 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$677/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,849
$283,627
2025
$108,000
$175,627
$283,627
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,849
$283,627

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Purchase Money Mortgage
$320,000
No
First
Nov 23, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$299,252
$156,748
34%
66%
$1,919/mo

City: Houston

5315 Palmetto Street | Property Details | No Agent List