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$425,000

2531 Palo Pinto Dr, Houston, TX, 77080

$433,861 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$205.41 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Disposal, Dryer Included, Refrigerator Included, Washer Included, Electric Oven, Microwave, Electric Cooktop, Dishwasher
FlooringLaminate, Tile

Exterior

Exterior FeaturesSprinkler System
Lot Size7,989 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN0992160000052
Lot Number52
SubdivisionSpring Shadows
Land UseResidential
Legal DescriptionLT 52 BLK 5 SPRING SHADOWS SEC 4
Census Tract522102
Assessed Land Value$199,700
Assessed Improvement Value$169,256
Assessment Year2025

About this property

This Spring Shadows 4/2/2 gem has been lovingly-maintained by a long term owner. Most of the infrastructure has been updated (roof, windows, siding, gutters, on demand water heater, AC, sewer line, fixtures, fans, etc.), so there's very little that is original except the charm and large trees. >$30K was spent a few years back to update the hall bath and laundry room. It has a fresh coat of neutral Sherwin Williams Alabaster paint and is clean and ready for you to move right in. You could do updates over time something doesn't meet your tastes. You'll love the floor plan, with 4 large bedrooms and plenty of storage space. There's a large yard and you're zoned to exceptional Spring Branch ISD. It's a great place to put down roots. You get a home with great bones for a reasonable price, so you can enjoy appreciation over time and get established in a desirable neighborhood. Never flooded.

Investor Tools

$2,876Estimated Mortgage Balance
$455,124Estimated Equity
99% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$433,860
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,748 /month
Positive
Cash Flow Estimate:
$916 /month

Interested in this property?

Ruth Ann Manison

Prince Properties, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$213/month
$375/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$271
$368,956
2025
$199,700
$169,256
$368,956
No

Tax History

Year
Tax Paid
Assessed Value
2020
$271
$368,956

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Trust Company
N/A
$87,200
N/A
First
May 29, 1997
Jun 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,876
$455,124
99%
1%
$523/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,226/mo
$898/mo
+$1,328/mo
5.8%

City: Houston

2531 Palo Pinto Dr | Property Details | No Agent List