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$309,301

NAL Estimated Property Value

7505 Memorial Woods Drive 11, Houston, TX, 77024

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,691 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$183.32 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

High EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Oven, Microwave, Electric Cooktop, Refrigerator, Dishwasher, Washer/Dryer
FlooringCarpet

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1979
Stories2
Garage Spaces2

Land Information

APN1142910020001
SubdivisionMemorial Oaks
Land UseResidential
Legal DescriptionTH 11 BLDG B .02404 INT COMMON LAND & ELE MEMORIAL OAKS T/H CONDO
Census Tract430101
Assessed Land Value$58,767
Assessed Improvement Value$250,534
Assessment Year2025

About this property

Beautifully updated townhome in Memorial Woods! This unit only shares a small portion of wall with the neighboring unit, so it’s nearly a free-standing home! Step inside to stunning travertine floors through the first floor living space. In the living room a stone fireplace is flanked by French doors leading to one of two outdoor living areas. Remodeled kitchen includes rich stained wood cabinets, granite countertops, and walk-in pantry. The formal dining room is wrapped in windows to fill the space with natural light. A half bath and two storage closets are also on the first floor. On the second floor you will find two primary suites, each with updated baths and walk-in closets. The 3rd floor flex space makes a perfect office! Additional outdoor courtyard leads to a 2-car garage with your own private driveway – perfect for guest parking. Additional updates include a water heater, garage door, electrical panel, all bathrooms, painting, light fixtures, and more! All info per seller.

Investor Tools

Property Icon
$309,301
Estimated Property Value
$0Estimated Mortgage Balance
$309,301Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$420/month
$488/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,489
$309,301
2025
$58,767
$250,534
$309,301
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,489
$309,301

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$309,301
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,910/mo
$488/mo
+$1,422/mo
7.4%

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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7505 Memorial Woods Drive 11 | Property Details | No Agent List