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$1,186,732

39 East Terrace Drive, Houston, TX, 77007

$1,542,752 ARVInfo
Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths4,507 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$282.89 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

High EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWine Refrigerator, Double Oven, Electric Oven, Gas Cooktop

Exterior

Exterior FeaturesBalcony
Lot Size6,177 sqft

Building Information

Year Built1997
Garage Spaces2

Land Information

APN1172180010048
Lot Number48
SubdivisionArlington Terrace
Land UseResidential
Legal DescriptionLT 48 BLK 1 ARLINGTON TERRACE SEC 2
Census Tract510803
Assessed Land Value$468,203
Assessed Improvement Value$718,529
Assessment Year2025

About this property

Gorgeous home in the heart of Houston, located across the street from Memorial Park & minutes away from downtown & the Theaters! This luxurious home has it all! When entering you are greeted w double solid wood doors, travertine tile throughout the downstairs, high ceilings, stunning crown molding. Formal living room w floor to ceiling windows for plenty of natural sunlight, gorgeous gas log fireplace this room is perfect for family & friends to gather, large kitchen & breakfast area that look out to your lush garden, huge formal dining room w beautiful chandelier high ceilings, gorgeous molding & wall to wall butlers pantry tons of cabinet and counter space. Elevator or staircase leading you to the second floor. Large family room great for relaxing before bed time. Huge primary bedroom w tray ceilings, private balcony, built in book shelves, two organized walk in closets. Private study w book shelves. Large secondary bedroom. Don't miss this gem and this wonderful location!

Investor Tools

Property Icon
$1,186,732
Estimated Property Value
$0Estimated Mortgage Balance
$1,186,732Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,542,752
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,650 /month
Positive
Cash Flow Estimate:
$2,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,181/month
$4,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,238
$1,186,732
2025
$468,203
$718,529
$1,186,732
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,238
$1,186,732

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,186,732
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$4,950/mo
$-2,990/mo
2.0%

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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