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$798,146

NAL Estimated Property Value

707 Memorial Heights Dr, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,931 Sq Ft
price_per_sqft$225.18 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Convection Oven, Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony
Lot Size1,459 sqft

Building Information

Year Built2019
Garage Spaces1

Land Information

APN1400450010027
Lot Number27
Land UseResidential
Legal DescriptionLT 27 BLK 1 MEMORIAL HEIGHTS VILLAS
Census Tract510201
Assessed Land Value$206,397
Assessed Improvement Value$591,749
Assessment Year2025

About this property

Stunning masterpieces of modern architecture, the newly developed Arya Memorial Heights located right in the heart of the Washington Corridor. Each free standing home offers private driveway space, smart home capabilities, rooftop terraces for outdoor entertaining, low taxes & no HOA. The blend of steel, wood & designer earth tones makes these iconic townhouses a trademark of modern luxury. Each floor features soaring ceilings, tall baseboards accented by custom trim work & smart home capabilities. Beautiful wood floors are illuminated by natural light through floor to ceiling windows on the second floor living/dining area. No expense was spared, from the massively, gorgeous waterfall quartz island in the kitchen to the luxurious fixtures. Wake up to the views of the city from your third-floor master suite then prepare for the day in the expansive master retreat with a resort-style master bath & endless walk-in closets. Only miles to major freeways, dining, shopping & entertainment.

Investor Tools

Property Icon
$798,146
Estimated Property Value
$476,634Estimated Mortgage Balance
$321,512Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,789 /month
Positive
Cash Flow Estimate:
$1,596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,336/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,035
$798,146
2025
$206,397
$591,749
$798,146
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,035
$798,146

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$528,000
No
First
Apr 20, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$476,634
$321,512
40%
60%
$3,166/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$3,166/mo
+$174/mo
5.0%

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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707 Memorial Heights Dr | Property Details | No Agent List