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Owner Contacts

$226,468

NAL Estimated Property Value

3231 Allen Pkwy Apt 1313, Houston, TX, 77019

Off Market

1 Beds

1 Bath

816 Sq Ft

Condos / Townhouses

$256.13 / sqft

Built in 1993

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Dishwasher, Refrigerator

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1993

Land Information

APN1250020010045

SubdivisionReata At River Oaks

Land UseResidential

Legal DescriptionUNIT 1313 BLDG 1 .0067 INT COMMON LAND & ELE REATA AT RIVER OAKS CONDO

Census Tract410300

Assessed Land Value$43,029

Assessed Improvement Value$183,439

Assessment Year2025

About this property

The location of this complex cannot be over-stated, and unit 1313 is located right off Allen Parkway, a straight shot to Buffalo Bayou Park! Shopping and upscale dining venues abound in the area, and this is so close to Downtown! This unit is one of just a few in the entire complex that have a bedroom down and a loft area up. The loft can be used as an occasional guest space, a studio, a home office, you name it! The Seller had new windows installed in 2023. The condo was just repainted and is in move-in condition! All the appliances are included. Granite in the kitchen and bathroom, carpeting in the bedroom and loft - Reata at River Oaks has it all: manageable HOA dues, location, a club house, a pool, and a gym - Welcome home!

Investor Tools

$226,468

Estimated Property Value

$157,735Estimated Mortgage Balance

$68,733Estimated Equity

30% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,359 /month

Positive

Cash Flow Estimate:

$453 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$350/month

$389/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,072

$226,468

2025

$43,029

$183,439

$226,468

Tax History

Year

Tax Paid

Assessed Value

2024

$3,072

$226,468

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Newrez Llc

Conventional

$176,470

First

Nov 24, 2020

Dec 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$157,735

$68,733

30%

70%

$1,059/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$1,448/mo

+$192/mo

8.7%

Learn About the Market: Opportunity in Houston

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