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$926,784

NAL Estimated Property Value

731 Plainwood Dr, Houston, TX, 77079

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,598 Sq Ft
price_per_sqft$225.13 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dishwasher
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesSprinkler System
Lot Size11,922 sqft

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APN1142640020006
Lot Number6
SubdivisionMemorial Thicket
Land UseResidential
Legal DescriptionLT 6 BLK 2 MEMORIAL THICKET SEC 1
Census Tract450500
Assessed Land Value$171,384
Assessed Improvement Value$755,400
Assessment Year2025

About this property

Beautifully remodeled home in Memorial Thicket, which has a guarded entrance. Stunning entrance with double steel doors opens to stunning entrance with views into the courtyard. First floor wraps around beautiful shaded courtyard. Huge living area with high ceilings opens to dining area which leads to kitchen all with peaceful courtyard views. Island kitchen with marble tops, two ovens and large casual dining area that opens to the courtyard. Home office down stairs. Spacious primary retreat down with spa like bathroom all with beautiful views. Wood tile floors throughout the first floor, double pane windows and designer finishes throughout. Large gameroom upstairs plus two more big bedrooms. Don't miss the huge walk in attic storage in the gameroom. Low maintenance professionally landscaped front & back yards.

Investor Tools

Property Icon
$926,784
Estimated Property Value
$551,153Estimated Mortgage Balance
$375,631Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,561 /month
Positive
Cash Flow Estimate:
$1,854 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,397/month
$1,900/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,127
$926,784
2025
$171,384
$755,400
$926,784
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,127
$926,784

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$581,250
No
First
Jul 17, 2023
Aug 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$551,153
$375,631
40%
59%
$3,485/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$5,385/mo
$-3,275/mo
2.7%

Learn About the Market: Opportunity in Houston

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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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731 Plainwood Dr | Property Details | No Agent List