B+

NoAgentList RatingHow are grades calculated?

1view

Owner Contacts

$583,000

311 Grand View Terrace, Houston, TX, 77007

Off Market

2 Beds

2 Bath

2,395 Sq Ft

Condos / Townhouses

$219.21 / sqft

Built in 2000

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Gas Cooktop, Dishwasher

FlooringWood

Exterior

Lot Size1,891 sqft

Building Information

Year Built2000

Garage Spaces2

Land Information

APN1199820020007

Lot Number7

SubdivisionMemorial Heights Amend

Land UseResidential

Legal DescriptionLT 7 BLK 2 MEMORIAL HEIGHTS SEC 3 AMEND

Census Tract510202

Assessed Land Value$194,198

Assessed Improvement Value$280,029

Assessment Year2025

About this property

Don’t miss your opportunity to own this beautiful custom townhouse in the highly sought-after Park at Memorial Heights. Many custom features include huge skylights on the 3rd floor, a custom home office workspace with built-in file cabinets, storage, and a unique workspace. The home includes 2 master bedrooms, a lovely private patio, a large kitchen with lots of storage, and the first floor with very large living/dining areas. This home has never lost electric power during hurricanes and last winter storm. All of this located within minutes of Downtown, Midtown, and the Galleria with manned gated entry. Beautiful common areas with a Gazebo and next to Spott’s Park and the Bayou Trails. Make an appointment today to see this GEM!

Investor Tools

$583,000

Estimated Property Value

$0Estimated Mortgage Balance

$208,914Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,498 /month

Positive

Cash Flow Estimate:

$1,166 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$804/month

$3,550/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,729

$474,227

2025

$194,198

$280,029

$474,227

Tax History

Year

Tax Paid

Assessed Value

2024

$6,729

$474,227

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Inc

Conventional

$414,400

First

Apr 13, 2021

May 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$374,086

$208,914

35%

64%

$2,485/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$6,035/mo

$-4,075/mo

4.0%

Learn About the Market: Opportunity in Houston

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Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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