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$772,000

858 Wax Myrtle Lane A, Houston, TX, 77079

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,260 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$154.76 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size10,258 sqft

Building Information

Year Built1960
Stories1
Garage Spaces1

Land Information

APN0930710000008
Lot Number8
SubdivisionMemorial Valley
Land UseResidential
Legal DescriptionLT 8 BLK 5 MEMORIAL VALLEY SEC 1
Census Tract450200
Assessed Land Value$493,500
Assessed Improvement Value$77,408
Assessment Year2025

About this property

Welcome to the prestigious Georgetown subdivision in the highly-coveted Memorial area! This wonderful two-Bedroom second-floor condo is filled with light and nestled among mature trees. Large patio is a private oasis plus two carport spaces, three walk-in closets and plenty of storage. Walk to City Centre shopping/dining/nightlife. Quiet community, scenic oak trees, 3 swimming pools, clubhouse, 2 playgrounds, dog park & patrol. HOA includes exterior insurance, roof, landscaping, water/sewer/gas, cable and trash pickup. Zoned to top SBISD Schools & Rummel Creek Elementary.

Investor Tools

Property Icon
$772,000
Estimated Property Value
$0Estimated Mortgage Balance
$772,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,632 /month
Positive
Cash Flow Estimate:
$1,544 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$462/month
$355/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,685
$570,908
2025
$493,500
$77,408
$570,908
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,685
$570,908

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$772,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$355/mo
+$1,755/mo
3.3%

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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858 Wax Myrtle Lane A | Property Details | No Agent List