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$1,212,000

NAL Estimated Property Value

951 Althea Dr, Houston, TX, 77018

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,927 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$340.11 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher
FlooringCarpet, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size7,693 sqft

Building Information

Year Built2013
Stories1
Garage Spaces2

Land Information

APN0660460420021
Lot Number21
SubdivisionGarden Oaks
Land UseResidential
Legal DescriptionLT 21 BLK 42 GARDEN OAKS SEC 4
Census Tract531000
Assessed Land Value$455,730
Assessed Improvement Value$472,636
Assessment Year2025

About this property

Unique opportunity to purchase a recently constructed home in Garden Oaks for under $1mm. This home is extremely impressive with its stone front and beautiful wood and iron double front doors. Enter the foyer and be greeted by a curved staircase and private study. The formal dining is elegant with its 10 ft. coffered ceiling. The family room and kitchen are open and seamless as they are showcased by the beamed ceilings. Kitchen has ample workspace and island with cooktop and double drawer dishwasher. The primary suite is on the first floor with bathroom that features double sinks, separate shower, and tub. There are 3 secondary bedrooms up plus a game room that could be used as the 5th bedroom or second home office. Lots of storage including a large walk-in IT closet. Oversized 2 car garage is ready for an addition of a second story apartment, office etc. Home is located in a prime location within Garden Oaks on a beautiful winding street. Walk to restaurants, parks, and retail.

Investor Tools

Property Icon
$1,212,000
Estimated Property Value
$646,412Estimated Mortgage Balance
$565,588Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,272 /month
Positive
Cash Flow Estimate:
$2,424 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,647/month
$25/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,702
$928,366
2025
$455,730
$472,636
$928,366
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,702
$928,366

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$700,000
No
First
Apr 25, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$646,412
$579,588
47%
53%
$4,197/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$4,222/mo
$-1,996/mo
2.2%

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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951 Althea Dr | Property Details | No Agent List