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B+
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$682,000

7622 Olympia Dr, Houston, TX, 77063

Off MarketInfo
Beds3 Beds
Baths5 Bath
Baths3,144 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$238.23 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave
FlooringCarpet, Tile

Exterior

Lot Size2,161 sqft

Building Information

Year Built1972
Stories2
Garage Spaces2

Land Information

APN0975440000038
Lot Number38
SubdivisionHammersmith
Land UseResidential
Legal DescriptionLT 38 BLK 3 HAMMERSMITH SEC 2
Census Tract431204
Assessed Land Value$109,080
Assessed Improvement Value$468,183
Assessment Year2025

About this property

Prime corner townhome in the heart of the desirable Hammersmith community! This elegant 3 bedroom, 4.5 bath home offers exceptional natural light throughout thanks to expansive, windows. Enjoy beautiful views of the courtyard pool and gardens directly from the living room, study, kitchen, and all bedrooms. The spacious layout includes a downstairs study attached to the living area. an upstairs retreat featuring an oversized primary suite with dual walk-in closets and his-and-hers baths, 2nd bedroom suite with two walk-in closets, and the spacious 3rd bedroom suite next to an accessible cozy deck/balcony. A convenient upstairs laundry room and extra hallway storage add functionality. Low HOA fee includes center courtyard pool access all year-round access. Recent paint inside and out. A truly special opportunity near desired grocery shopping, high-end dining at the Houston Galleria location! Easy access to major highways. Showings start saturday, October 4.

Investor Tools

Property Icon
$682,000
Estimated Property Value
$148,000Estimated Mortgage Balance
$648,777Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,494 /month
Positive
Cash Flow Estimate:
$1,498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
$800/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,946
$577,263
2025
$109,080
$468,183
$577,263
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,946
$577,263

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Dba Ditech.Com
Unknown
$130,000
No
First
N/A
Mar 2017

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,223
$649,777
95%
5%
$888/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,980/mo
$1,688/mo
+$292/mo
3.5%

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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7622 Olympia Dr | Property Details | No Agent List