26Days on Market

1view

$202,000

$209,500

3231 Allen Pkwy Apt 1207, Houston, TX, 77019

On Market

Price Drop

1 Beds

1 Bath

641 Sq Ft

Condos / Townhouses

$315.13 / 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, Oven, Microwave, Electric Range, Free-Standing Range, Dishwasher

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesBalcony, Outdoor Kitchen

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

Price Reduced by $10,000! 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. Monthly HOA fee covers water and trash services, making this home a great low-maintenance option in a prime location.

Investor Tools

$128,719Estimated Mortgage Balance

$81,976Estimated Equity

39% 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

Interested in this property?

Phuong Ho

5th Stream Realty

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$95/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

$128,719

$83,281

39%

61%

$975/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,369/mo

+$271/mo

9.4%

Learn About the Market: Opportunity in Houston

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