$1,275,000
31 W Terrace Dr, Houston, TX, 77007
On Market
Property Lead Type:
Absentee OwnerHigh EquityCash Buyers
Highlights
Interior
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
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%
