1view

Owner Contacts

$472,000

NAL Estimated Property Value

5318 Palmetto Street, Houston, TX, 77081

Off Market

3 Beds

4 Bath

2,949 Sq Ft

$133.94 / sqft

Built in 2005

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Gas Oven, Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer

FlooringCarpet, Laminate, Tile, Wood

Exterior

Lot Size4,008 sqft

Building Information

Year Built2005

Garage Spaces1

Land Information

APN1260470010001

Lot Number1

SubdivisionElm Street

Land UseResidential

Legal DescriptionLT 1 BLK 1 ELM STREET SEC 2

Census Tract421501

Assessed Land Value$140,839

Assessed Improvement Value$303,686

Assessment Year2025

About this property

Amazing corner townhome zoned to prestigious BELLAIRE High School. This home offers lots of natural light and a superb layout with first floor living space, 3 bedrooms (2nd floor) and 3 1/2 bathrooms, and a top floor game room providing 2,949 sq ft of spacious elegance. It has a large master bedroom with an adjacent sitting room. Features include solid oak wood floors throughout the first floor, gas fireplace, gourmet kitchen and a large fenced backyard great for children and pets. Located in a highly sought-after central location in Bellaire, just minutes from the Galleria, Downtown and the Medical Center. This home and surrounding structures have never flooded. This is a MUST SEE! Schedule your private showing today!

Investor Tools

$472,000

Estimated Property Value

$351,822Estimated Mortgage Balance

$120,178Estimated Equity

25% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,832 /month

Positive

Cash Flow Estimate:

$944 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$693/month

$1,036/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,951

$444,525

2025

$140,839

$303,686

$444,525

Tax History

Year

Tax Paid

Assessed Value

2024

$5,951

$444,525

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Yasmine Gibellini

Purchase Money Mortgage

$386,000

First

Sep 24, 2021

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$351,822

$120,178

25%

75%

$2,315/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$3,351/mo

$-1,629/mo

4.4%

Learn About the Market: Opportunity in Houston

Explore

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.

Explore This Area