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$209,950

12633 Memorial Dr Apt 145, Houston, TX, 77024

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,357 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$154.72 / sqft
Year BuiltBuilt in 1969

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Refrigerator Included, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringLaminate, Tile

Exterior

Lot Size23.42 acres

Building Information

Year Built1969
Stories1

Land Information

APN1118290140005
SubdivisionThe Pines Condo
Land UseResidential
Legal DescriptionUNIT 145 BLDG P .004766 INT COMMON LAND & ELE THE PINES CONDO
Census Tract430900
Assessed Land Value$53,299
Assessed Improvement Value$227,223
Assessment Year2025

About this property

Well-maintained three-bedroom, two-bathroom, ground-level condominium in the highly sought-after Memorial area. Features include double-pane windows, laminate and tile flooring, an interior electrical panel, an HVAC system installed in 2025, and a new dishwasher. The spacious living room opens to an additional balcony area, offering flexible space for multiple uses. The kitchen opens to the dining area, which leads to a large backyard with plenty of potential for outdoor enjoyment. The HOA fee includes water, sewer, electricity, and trash. Community amenities include an on-site HOA office, swimming pool, and playground. The unit comes with one assigned covered parking space, with additional unassigned parkings available in front of the unit. Enjoy convenient access to Beltway 8 and I-10, along with excellent shopping, dining, and nearby hospitals. Zoned to highly rated Spring Branch ISD schools.

Investor Tools

$63,002Estimated Mortgage Balance
$217,520Estimated Equity
77% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,683 /month
Positive
Cash Flow Estimate:
$561 /month

Interested in this property?

Yukyung Choe

HomePlus Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$314/month
$572/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,365
$280,522
2025
$53,299
$227,223
$280,522
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,365
$280,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Anne J Faust
Unknown
$85,000
No
First
Jan 15, 2015
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,002
$217,520
77%
22%
$510/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,520/mo
$1,082/mo
+$1,438/mo
10.8%

City: Houston