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$4,000,000

NAL Estimated Property Value

615 Pinehaven Dr, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,101 Sq Ft
price_per_sqft$403.1 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Off-Market ListDeal ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 6Bathrooms Full 6
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Trash Compactor, Microwave, Dishwasher

Exterior

Lot Size15,743 sqft

Building Information

Year Built2024
Stories1
Garage Spaces3

Land Information

APN0772050020010
Lot Number10
SubdivisionPine Wood Estates
Land UseResidential
Legal DescriptionLT 10 BLK 2 PINE WOOD ESTATES
Census Tract430101
Assessed Land Value$1,115,400
Assessed Improvement Value$2,884,600
Assessment Year2025

About this property

BREAKING NEWS!!!! A once in a lifetime opportunity to own 1/3 acre in Pine Wood Estates off Memorial Drive. Build your dream home where location really matters. This property borders Memorial(south), I-10 (North), Silber (West) and West Loop South(East). Minutes from Memorial Park, Houston Arboretum, Galleria, and easy access to Downtown Houston, Medical Center and both airports.

Investor Tools

Property Icon
$4,000,000
Estimated Property Value
$2,597,218Estimated Mortgage Balance
$1,402,782Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$24,000 /month
Positive
Cash Flow Estimate:
$8,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,520/month
$1,500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,235
$4,000,000
2025
$1,115,400
$2,884,600
$4,000,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,235
$4,000,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Conventional
$2,600,000
No
First
Apr 22, 2026
May 2056

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,597,218
$1,402,782
35%
65%
$14,959/mo

Learn About the Market: Opportunity in Houston

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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 Texas Explore This Area
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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615 Pinehaven Dr | Property Details | No Agent List