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Days43Days on Market
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$5,000,000

7438 Wright Rd, Houston, TX, 77041

On MarketInfo
Baths3 Bath
Baths4,549 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,099.14 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesMicrowave
FlooringStone

Exterior

Exterior FeaturesStorage
Lot Size5.00 acres

Building Information

Year Built1972
Stories1
Garage Spaces7

Land Information

APN0640150000130
SubdivisionFairview Gardens
Land UseResidential
Legal DescriptionTRS 22A 22B 22C & 22D FAIRVIEW GARDENS SEC 1
Census Tract540800
Assessed Land Value$1,090,050
Assessed Improvement Value$1,062,537
Assessment Year2025

About this property

Looking for a property that can serve as your residence, business, and animal hub near the city? Look no further! This property covers over 5 acres without any restrictions and includes various structures. These structures consist of a main home that resembles a hill county retreat, a guest house, a warehouse garage with 3 overhead doors, a 6 horse stable, active dog kennels and runs, and a commercial office space with a separate entrance. Moreover, two separate commercial buildings are present on the property, along with covered carports and storage at the back. The property is equipped with a well and 5 commercial septic systems, and you can easily accommodate up to 6 horses. Although city utilities are not yet connected, they are available. Additionally, you will have easy access to Highway 290 and the Beltway.

Investor Tools

$122,327Estimated Mortgage Balance
$2,030,260Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$30,000 /month
Positive
Cash Flow Estimate:
$10,000 /month

Interested in this property?

Kevin Schamel

Coldwell Banker Realty - The Woodlands

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,736/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,070
$2,152,587
2025
$1,090,050
$1,062,537
$2,152,587
Yes (2014)

Tax History

Year
Tax Paid
Assessed Value
2024
$10,070
$2,152,587

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jvh Intersets Inc
Unknown
$140,000
No
First
Dec 5, 2019
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$122,327
$2,030,260
94%
6%
$840/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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7438 Wright Rd | Property Details | No Agent List