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$1,275,000

31 W Terrace Dr, Houston, TX, 77007

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths3,681 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$346.37 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Ice Maker, Refrigerator, Microwave, Gas Range, Convection Oven, Electric Oven
FlooringWood

Exterior

Lot Size5,401 sqft

Building Information

Year Built1992
Garage Spaces2

Land Information

APN1172180010023
Lot Number23
SubdivisionArlington Terrace
Land UseResidential
Legal DescriptionLT 23 BLK 1 ARLINGTON TERRACE SEC 2
Census Tract510803
Assessed Land Value$641,488
Assessed Improvement Value$527,156
Assessment Year2025

About this property

This gracious home in Arlington Court, walkable to Memorial Park, was custom built for the current owners by V.J. Vallone. Situated on a corner lot, this classic brick homes features a pretty front yard and back patio, two story great room that anchors the flow of the first floor, a formal dining room, kitchen open to the great room and breakfast room, elevator, informal and formal powder rooms, and utility room. The second floor includes the primary bedroom, study, and two secondary bedrooms. A prime opportunity to buy a home in this exclusive community!

Investor Tools

$0Estimated Mortgage Balance
$1,579,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,474 /month
Positive
Cash Flow Estimate:
$3,158 /month

Interested in this property?

Kiki Wilson

Martha Turner Sotheby's International Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,532/month
$4,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,490
$1,168,644
2025
$641,488
$527,156
$1,168,644
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$10,490
$1,168,644

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,579,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$4,950/mo
$-2,370/mo
2.0%

City: Houston

31 W Terrace Dr | Property Details | No Agent List