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$749,000

863 Plainwood Dr, Houston, TX, 77079

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths4,574 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.75 / sqft
Year BuiltBuilt in 1994

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, Refrigerator Included, Washer Included, Convection Oven, Double Oven, Gas Range, Dishwasher
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size9,126 sqft

Building Information

Year Built1994
Garage Spaces2

Land Information

APN1173740010007
Lot Number7
SubdivisionMemorial Thicket
Land UseResidential
Legal DescriptionLT 7 BLK 1 MEMORIAL THICKET SEC 3
Census Tract450500
Assessed Land Value$177,429
Assessed Improvement Value$687,902
Assessment Year2025

About this property

Tucked at the end of a private cul-de-sac in Memorial Thicket, this 4-bedroom, 3-full and 2-half-bath home offers 4,574 square feet of light-filled living with a pool and large patio. Arched openings, floor-to-ceiling windows and two generous living areas—one with custom built-ins—create an inviting flow for entertaining. The chef’s kitchen features a large range, double ovens, built-in Sub-Zero refrigerator, farmhouse sink, abundant storage and a wine closet. The first-floor primary suite includes a sitting area, spacious custom closet and renovated bath with a freestanding tub, open shower and quartz countertops. A dedicated study and flexible formal dining or sitting room flank the foyer. Following flooding during Harvey related to reservoir releases, the first floor was taken to the studs and rebuilt, and the exterior stucco was replaced; the home has not flooded since. Fresh interior and exterior paint, cleaned carpet and refreshed landscaping complete the home.

Investor Tools

$162,923Estimated Mortgage Balance
$702,408Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,192 /month
Positive
Cash Flow Estimate:
$1,731 /month

Interested in this property?

Jessica Burton

Compass RE Texas, LLC - The Heights

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$974/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,366
$865,331
2025
$177,429
$687,902
$865,331
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,366
$865,331

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ctx Mtg
N/A
$100,000
No
First
N/A
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,923
$702,408
81%
19%
$1,287/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,730/mo
$3,387/mo
$-657/mo
3.8%

City: Houston

863 Plainwood Dr | Property Details | No Agent List