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Owner Contacts

$280,000

NAL Estimated Property Value

7505 Memorial Woods Dr Apt 58, Houston, TX, 77024

Off Market

3 Beds

3 Bath

1,804 Sq Ft

Condos / Townhouses

$1.44 / sqft

Built in 1979

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Oven, Microwave, Gas Range, Dishwasher

Building Information

Year Built1979

Stories2

Garage Spaces2

Land Information

APN1142910090004

SubdivisionMemorial Oaks

Land UseResidential

Legal DescriptionTH 58 BLDG I .02627 INT COMMON LAND & ELE MEMORIAL OAKS T/H CONDO

Census Tract430101

Assessed Land Value$50,089

Assessed Improvement Value$189,911

Assessment Year2025

About this property

In the heart of Memorial, this spacious 3 bed, 2.5 bath townhome is zoned to the best schools in Houston (Hunters creek elementary and Memorial high school) and a few minutes away from the Galleria, Memorial Park, MarqE complex, and inner loop activities. Over $75k In recent upgrades include Bose home theatre system with ceiling receesed 110 inch screen screen/laser projector(stays with house), completely remodeled all bathrooms with high-end porcelain tiles and jetted deep jacuzzi style bathtubs, zen patio with high vaulted-ceiling shade, wet bar with wine fridge, ultra-modern light fixtures (sconces, chandeliers etc) and much more. Won't last long!

Investor Tools

$280,000

Estimated Property Value

$208,392Estimated Mortgage Balance

$71,608Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,680 /month

Positive

Cash Flow Estimate:

$560 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$364/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,973

$240,000

2025

$50,089

$189,911

$240,000

Tax History

Year

Tax Paid

Assessed Value

2024

$2,973

$240,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Keller Mortgage Llc

Conventional

$238,500

First

Dec 20, 2019

Jan 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$208,392

$77,608

27%

74%

$1,430/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,520/mo

$1,430/mo

+$1,090/mo

10.8%

Learn About the Market: Opportunity in Houston

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