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$3,132,000

NAL Estimated Property Value

323 Terrace Dr, Houston, TX, 77007

$3,154,196 ARVInfo
Off MarketInfo
Beds4 Beds
Baths7 Bath
Baths6,300 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$507.14 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Double Oven, Microwave, Gas Range, Indoor Grill, Dishwasher, Refrigerator
FlooringCarpet, Marble, Stone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size20,094 sqft

Building Information

Year Built1999
Stories2
Garage Spaces3

Land Information

APN0690420040010
Lot Number10
SubdivisionGlen Cove
Land UseResidential
Legal DescriptionLT 10 BLK 4 GLEN COVE SEC 2
Census Tract510802
Assessed Land Value$1,754,700
Assessed Improvement Value$945,300
Assessment Year2025

About this property

Walking distance to the Eastern Glades of Memorial Park and situated on a 20,000 plus square foot homesite, this impressive estate offers exceptional amenities. Designer features include limestone flooring, professional-grade kitchen appliances, and optical projection art lighting. This special home includes a wine room with a tasting area, a powder room highlighted by vanity supported on Waterford crystal legs, a library featuring antique Italian hardwood floors, a media room with theater seating adjacent to the game room and wet bar. Owners' retreat on the first floor contains elegant dual baths and closets. Outside features include a pavilion with a summer kitchen, pizza oven, and fireplace, saltwater pool with LED lighting and fountains, a mosquito system, and a generator. Elevator installed for easy access to secondary bedrooms.

Investor Tools

Property Icon
$3,132,000
Estimated Property Value
$0Estimated Mortgage Balance
$3,132,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$3,154,196
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,170 /month
Positive
Cash Flow Estimate:
$6,390 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,394/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$37,073
$2,700,000
2025
$1,754,700
$945,300
$2,700,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$37,073
$2,700,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$3,348,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
N/A
+$3,340/mo
1.3%

Learn About the Market: Opportunity in Houston

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Explore

Houston

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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323 Terrace Dr | Property Details | No Agent List