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Owner Contacts

$205,000

NAL Estimated Property Value

3231 Allen Pkwy Apt 1106, Houston, TX, 77019

Off Market

1 Beds

1 Bath

580 Sq Ft

Condos / Townhouses

$362.07 / sqft

Built in 1993

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

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

Exterior

Private Pool

Exterior FeaturesBalcony

Building Information

Year Built1993

Land Information

APN1250020010006

SubdivisionReata At River Oaks

Land UseResidential

Legal DescriptionUNIT 1106 BLDG 1 .0052 INT COMMON LAND & ELE REATA AT RIVER OAKS CONDO

Census Tract410300

Assessed Land Value$32,780

Assessed Improvement Value$139,747

Assessment Year2025

About this property

JUST REDUCED discover this hidden GEM! Gorgeous 1st floor privately owned condominium in the Heart of River Oaks area! Gated community on famous Allen Parkway in front of Memorial Park Trails, minutes from Downtown Houston, Galleria and Texas Medical Center. Seller installed on July 2022 CARRIER-BRAND 410 NEW AC System ($7300 value). New NEST THERMOSTAT. Enjoy gourmet kitchen with beautiful contemporary granite countertops & contemporary chandelier fixture, lots of designer kitchen cabinetry for storage, stainless-steel appliances, refrigerator and washer/dryer included with sale of condominium, hardwood flooring throughout exquisite floorplan, this unit has all the comforts, living room wall has already installed brackets for flat screen TV home system, enjoy modern stand-up shower easy to walk-in, gorgeous art-niche bathroom flooring, experience comfy patio/terrace overlooking lush landscape, this unit is downstairs close to resort swimming pool and close location to parking garage.

Investor Tools

$205,000

Estimated Property Value

$0Estimated Mortgage Balance

$205,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,260 /month

Positive

Cash Flow Estimate:

$420 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$107/month

$320/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$258

$172,527

2025

$32,780

$139,747

$172,527

Tax History

Year

Tax Paid

Assessed Value

2024

$258

$172,527

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$201,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$320/mo

+$1,320/mo

9.6%

Learn About the Market: Opportunity in Houston

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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.

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