32Days on Market

1view

$215,000

3231 Allen Parkway 1207, Houston, TX, 77019

On Market

1 Beds

1 Bath

641 Sq Ft

Condos / Townhouses

$335.41 / sqft

Built in 1993

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Electric Oven, Freestanding Oven, Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher

FlooringEngineered Wood, Tile

Exterior

Private Pool

Exterior FeaturesBalcony, Exercise Room, Outdoor Kitchen, Sprinkler System

Building Information

Year Built1993

Garage Spaces1

Land Information

APN1250020010023

SubdivisionReata At River Oaks

Land UseResidential

Legal DescriptionUNIT 1207 BLDG 1 .0056 INT COMMON LAND & ELE REATA AT RIVER OAKS CONDO

Census Tract410300

Assessed Land Value$35,947

Assessed Improvement Value$153,250

Assessment Year2025

About this property

Beautifully maintained condo located along Allen Parkway in the heart of Houston, offering convenient access to Downtown, River Oaks, Buffalo Bayou Park, restaurants, and entertainment. This unit features a desirable pool-facing view, an updated kitchen, recently updated wood flooring, and 2 assigned covered permit parking spaces for added convenience. The open living and dining area provides plenty of natural light and comfortable living space. Enjoy your private covered patio in this well-maintained community. Residents enjoy resort-style amenities including a swimming pool, 24/7 fitness center, dog park, controlled access, and beautifully maintained grounds. The HOA provides exceptional exterior maintenance, even replacing light bulbs outside the covered patio area for hassle-free living. Monthly HOA fee covers water and trash services, making this home a great low-maintenance option in a prime location.

Investor Tools

$129,065Estimated Mortgage Balance

$85,935Estimated Equity

39% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,290 /month

Positive

Cash Flow Estimate:

$430 /month

Interested in this property?

Phuong Ho

5th Stream Realty

Contact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$97/month

$394/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$86

$189,197

2025

$35,947

$153,250

$189,197

Tax History

Year

Tax Paid

Assessed Value

2024

$86

$189,197

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Bank Of America Na

Conventional

$162,500

First

Aug 31, 2016

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$129,065

$85,935

39%

60%

$975/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,369/mo

+$271/mo

9.2%

Learn About the Market: Opportunity in Houston

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 This Area