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Owner Contacts

$292,000

NAL Estimated Property Value

3231 Allen Parkway 1316, Houston, TX, 77019

Off Market

2 Beds

2 Bath

1,006 Sq Ft

Condos / Townhouses

$283.3 / sqft

Built in 1993

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1993

Garage Spaces2

Land Information

APN1250020010048

SubdivisionReata At River Oaks

Land UseResidential

Legal DescriptionUNIT 1316 BLDG 1 .0079 INT COMMON LAND & ELE REATA AT RIVER OAKS CONDO

Census Tract410300

Assessed Land Value$51,262

Assessed Improvement Value$218,536

Assessment Year2025

About this property

Welcome to The Reata at River Oaks, where luxury meets convenience in this 2-bed, 2-bath corner unit condo. With vaulted ceilings, open floorplan, renovated flooring, and a private balcony, this bright space offers comfort and style. The two generously sized bedrooms provide ample space and tranquility, each featuring large walk-in closets and upgraded baths for your utmost comfort and convenience. The kitchen and spacious dining area elevate the living experience with a touch of luxury and modernity. When work is done, it's time to take a dip in the sparkling pool or explore the beauty of Buffalo Bayou. Close to shops, restaurants, and downtown, this condo is your perfect urban retreat. Schedule your showing today!

Investor Tools

$292,000

Estimated Property Value

$226,188Estimated Mortgage Balance

$65,812Estimated Equity

22% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,752 /month

Positive

Cash Flow Estimate:

$584 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$519/month

$500/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,767

$269,798

2025

$51,262

$218,536

$269,798

Tax History

Year

Tax Paid

Assessed Value

2024

$4,767

$269,798

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Kind Lending Llc

Conventional

$235,000

First

Apr 19, 2024

May 2054

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$226,188

$65,812

22%

77%

$1,409/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,960/mo

$1,909/mo

+$51/mo

8.1%

Learn About the Market: Opportunity in Houston

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