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$2,779,000

NAL Estimated Property Value

3758 Drake Street, Houston, TX, 77005

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,851 Sq Ft
price_per_sqft$505.05 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen
Lot Size8,721 sqft

Building Information

Year Built2021
Stories1
Garage Spaces2

Land Information

APN0681250240010
Lot Number10
SubdivisionSunset Terrace
Land UseResidential
Legal DescriptionLT 10 BLK 10 SUNSET TERRACE SEC 10
Census Tract411801
Assessed Land Value$955,140
Assessed Improvement Value$1,434,636
Assessment Year2025

About this property

Premier new construction by one of Houston's best builders, Parker-Evans Custom Builders. Once you walk in this majestic home, you will see what sets it apart from another new construction in the neighborhood. This house has an ample amount of natural light, a large home office with private bathroom, covered back patio with cooking and entertainment area, mud room with private lockers, two walk-in pantries, powder room, two laundry areas, and double driveway. High-end finishes include; marble & quartzite countertops, 7" engineered white-oak floors, decorative tile, wood paneling, high ceilings with custom beams, custom mill-work and cabinets built onsite, copper standing seam & max definition shingle roofing, Wolf & Sub-Zero appliance package, Trane HVAC systems, and decorative front entry gas lantern. Rear drainage plan designed for nice sized pool. There is another 1,000 square feet of covered living area (covered patios and garage) that is not included in the price per square foot.

Investor Tools

Property Icon
$2,779,000
Estimated Property Value
$923,446Estimated Mortgage Balance
$1,855,554Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,674 /month
Positive
Cash Flow Estimate:
$5,558 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$4,387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$38,754
$2,389,776
2025
$955,140
$1,434,636
$2,389,776
No

Tax History

Year
Tax Paid
Assessed Value
2024
$38,754
$2,389,776

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$1,000,000
No
First
Apr 14, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$923,446
$1,855,554
66%
33%
$5,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$5,996/mo
$-2,656/mo
1.4%

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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3758 Drake Street | Property Details | No Agent List