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$2,590,000

NAL Estimated Property Value

3718 Drake St, Houston, TX, 77005

$2,857,997 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths5,624 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$408.07 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Double Oven, Microwave, Gas Range, Dishwasher, Dryer, Refrigerator, Washer
FlooringMarble, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesOutdoor Kitchen
Lot Size8,102 sqft

Building Information

Year Built2013
Garage Spaces2

Land Information

APN0681250240020
Lot Number20
SubdivisionSunset Terrace
Land UseResidential
Legal DescriptionLT 20 BLK 10 SUNSET TERRACE SEC 10
Census Tract411801
Assessed Land Value$918,000
Assessed Improvement Value$1,132,000
Assessment Year2025

About this property

This stunning 4 bedroom, 4.5 bath home is primely located on a quiet street in Sunset Terrace. The interior was built with high ceilings throughout, generously sized rooms, a dedicated home office, TWO enormous game room options and plenty of storage. This house has a sophisticated security system and was constructed as a LEED Certified energy efficient home. Other features include Pella windows, Cantera Iron front door, Viking appliances, marble counters, huge kitchen island with seating and amazing chandeliers. The well manicured back yard is outfitted with a vaulted, covered porch with fan, sparking pool, fireplace, outdoor kitchen and sizable green space. Close proximity to West U Elementary and the fabulous shops and restaurants in Weslayan Plaza. Easy and direct freeway access with short commutes to the Galleria, downtown and medical center.

Investor Tools

Property Icon
$2,590,000
Estimated Property Value
$1,135,928Estimated Mortgage Balance
$1,454,072Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$2,857,997
Rent-to-Value Ratio: 0.72%
Rent Estimate
$15,540 /month
Positive
Cash Flow Estimate:
$5,180 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$36,754
$2,050,000
2025
$918,000
$1,132,000
$2,050,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$36,754
$2,050,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$1,200,000
No
First
Jun 30, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,135,928
$1,516,072
57%
44%
$7,195/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$7,195/mo
$-3,855/mo
1.5%

City: Houston

3718 Drake St | Property Details | No Agent List