17Days on Market

1view

$999,812

1622 E Rose Terrace Ln, Houston, TX, 77055

On Market

3 Beds

5 Bath

4,216 Sq Ft

Single Family Residence

$237.15 / sqft

Built in 2014

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 4

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Water Purifier

Exterior

Lot Size5,131 sqft

Building Information

Year Built2014

Garage Spaces2

Land Information

APN1347990010008

Lot Number8

SubdivisionSpring Valley Cove

Land UseResidential

Legal DescriptionLT 8 BLK 1 SPRING VALLEY COVE

Census Tract520700

Assessed Land Value$264,240

Assessed Improvement Value$668,287

Assessment Year2025

About this property

Spring Branch East luxury home at 1622 E Rose Terrace Lane. Located in a gated Spring Valley Cove enclave, this premium corner unit features the community’s largest lot and most requested floor plan. Spanning 4,216 square feet of elevated design, the 3-4 bedroom (the third-floor room is a media room, but could also be a 4th bedroom with a full en-suite bathroom), 4.5-bath interior offers high ceilings, an island kitchen, open living spaces, and a second-floor game room. The oversized backyard includes a fully equipped outdoor kitchen and extended patio, perfect for entertaining. Unbeatable location with quick access to I-10, 610, and the Energy Corridor. Zoned to highly desired Spring Branch ISD schools: Valley Oaks Elementary and Memorial High School. Schedule your showing today! *All per seller*

Investor Tools

$950,000

Estimated Property Value

$731,718Estimated Mortgage Balance

$370,395Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,999 /month

Positive

Cash Flow Estimate:

$2,000 /month

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Eric Nelson

SERHANT.

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,000/month

$4,250/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,252

$932,527

2025

$264,240

$668,287

$932,527

Tax History

Year

Tax Paid

Assessed Value

2024

$7,252

$932,527

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$731,718

First

Sep 9, 2016

Oct 2046

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$579,605

$370,395

38%

61%

$4,388/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,226/mo

$8,638/mo

$-6,412/mo

2.8%

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