See Home Value
$475,000
House - Off Market

5008 Park Drive N

Houston, TX 77023
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1728 Sqft
$3,399
Estimated Monthly
$0
HOA / Fees
4.41%
Cap Rate

About This Property

INVESTOR SPECIAL! This 3-bedroom, 2-bathroom home sits on an expansive double lot, offering endless potential for transformation.  Excellent location, established highly sought-after area of Eado. This Property is Priced for a Quick Sale at Over $68,972k Below Harris County Taxed Value!!!! MASSIVE investment deal! This single family home w/detached garage has a ton of potential. HUGE LOT (15,370) in the heart of Houston's Eastside.  Full rehab is needed to the main house or build 8 units (See attached Site Plan). AS-IS, NO SELLER REPAIRS, CASH SALE. Lots of revitalization in & around this beautiful Eastside community. Nestled in a highly desirable area, the property is conveniently located near restaurants, shopping, and the University of Houston, adding to its allure for potential tenants. Commuting is a breeze with easy access to major highways such as I-45, 59, and I-10, enhancing the property's connectivity and attractiveness for both residents and investors.
Unit Size
1,728Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$275
Property Type
House
Property Taxes
$1,066
HOA Dues
-
Year Built
1940
Last updated: 3 months ago (HAR #50426116)

Price History

Date / Event Date Event Price
Feb 8, 2024 No longer available -
No longer available
Dec 19, 2023 Listed by JEA Properties $475,000
Listed by JEA Properties
Oct 17, 2022 Sold $532,000
Sold
Aug 8, 2022 Listed by JEA Properties $495,000
Listed by JEA Properties

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Exterior Walls Type: Brick veneer
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,370
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,728
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: DOR RUTH COURT
  • Land Acres: 0.353
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: LTS 16 & 17 DOR RUTH COURT

Ownership

  • Current Owner : S RAMIREZ INVESTMENTS LLC
  • Previous Owner : SELMON INVESTMENT GROUP LLC
  • Owner Before Previous Owner: NAVARRO JILL GARRISON
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Houston Independent School District
  • School Tax School District: HOUSTON ISD
  • Census Tract: 310600

Geography

  • Assessors Map Reference: 5556A
  • Account Number: 0562930000025
  • District: 061
  • Parcel: 056-293-000-0025
  • Lot: 16,17
  • Municipality: CITY OF HOUSTON
  • Latitude: 29.7367
  • Longitude: -95.3256

    Address

  • Full Address: 5008 Park Dr
  • Address - House Number: 5008
  • Address - Street Name: Park
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Houston
  • Carrier Code: C008
  • 4-Digit Zip Code: 1414
  • Zip Code: 77023

Valuation

    Tax

  • Total Area: 1,724
  • Tax Year: 2022
  • Tax Amount: $10,881
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 061

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 78
  • Final Value: 478,700
  • High Value: 559,395
  • Low Value: 398,006

    Market Valuation

  • Market Total Value: $494,187
  • Market Land Value: $409,995
  • Market Improvement Value: $84,192

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $494,187
  • Assessed Land Value: $409,995
  • Assessed Improvements Value: $84,192

    Sales

  • Current Sale Contract Date: Feb 02, 2024
  • Current Sale Recording Date: Mar 14, 2024
  • Current Sale Transaction ID: 11922568589
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 89127
  • Previous Sale Recording Date: Oct 17, 2022
  • Previous Sale Contract Date: Oct 13, 2022
  • Previous Sale Amount: $532,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: GL&L HOLDINGS LLC
  • Previous Mortgage Transaction Date: Oct 17, 2022
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,728 ft²
$500,000 Aug 8, 2022
$450,000 - $550,000 Oct 14, 2022
$880/mo
House
3 Beds
2 Baths
1,647 ft²
$473,000 May 22, 2023
$426,000 - $520,000 Sep 12, 2023
$235/mo
House
3 Beds
3 Baths
1,696 ft²
$421,000 Jul 14, 2022
$379,000 - $463,000 Aug 22, 2022
$616/mo
House
3 Beds
3 Baths
1,803 ft²
$439,000 Oct 26, 2023
$396,000 - $482,000 Nov 22, 2023
-
House
3 Beds
4 Baths
1,852 ft²
$390,000 May 18, 2023
$351,000 - $429,000 Sep 15, 2023
$65/mo
House
3 Beds
3 Baths
1,803 ft²
$439,000 Oct 20, 2023
$396,000 - $482,000 Dec 21, 2023
-
House
3 Beds
3 Baths
1,813 ft²
$276/ft²
$499,990 Sep 25, 2023
-
-
House
3 Beds
3 Baths
1,803 ft²
$266/ft²
$479,000 Aug 21, 2023
-
-
House
3 Beds
4 Baths
1,937 ft²
$250/ft²
$484,900 Dec 18, 2023
-
$232/mo
House
3 Beds
3 Baths
1,900 ft²
$210/ft²
$399,777 Jun 26, 2023
-
$150/mo
In Contract
House
3 Beds
2 Baths
1,411 ft²
$311/ft²
$438,900 Nov 21, 2023
-
$529/mo
House
3 Beds
2 Baths
1,950 ft²
$221/ft²
$429,999 Sep 21, 2023
-
$671/mo

About South Central Houston


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Frequently Asked Questions

When was property at 5008 Park Drive built and last sold?
The property at 5008 Park Drive was built in 1940 and last sold on Feb 2, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 5008 Park Drive is $476,527.
What are some comparable homes to 5008 Park Drive?
Homes that are comparable to 5008 Park Drive include a house property at 503 Altic Street, 334 Eastwood Street, 5043 Jefferson Street.

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