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$2,109,000

NAL Estimated Property Value

503 Timber Terrace Rd, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,628 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$386.78 / sqft
Year BuiltBuilt in 1955

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
AppliancesDisposal, Ice Maker, Convection Oven, Trash Compactor, Microwave, Electric Cooktop, Dishwasher, Refrigerator
FlooringCarpet, Stone, Wood

Exterior

Exterior FeaturesBalcony
Lot Size26,990 sqft

Building Information

Year Built1955
Stories1
Garage Spaces3

Land Information

APN0772370020016
Lot Number16
SubdivisionTimber Lane Terrace
Land UseResidential
Legal DescriptionLT 16 & TRS 15A & 17B BLK 2 TIMBER LANE TERRACE
Census Tract430102
Assessed Land Value$1,194,170
Assessed Improvement Value$541,916
Assessment Year2025

About this property

Welcome to this exquisite Memorial home, a stunning example of mid-century modern architecture by the renowned Phillip G. Willard. Boasting 4 bedrooms and 4 bathrooms, this spacious 4628 square foot home is situated on an expansive 26,989 square foot lot that offers picturesque views of the surrounding ravine. Recently updated with fresh interior and exterior paint, the original parquet flooring, angled windows, and exposed brick walls imbue this classic home with a timeless charm. The property has been professionally designed for 2023 by Mark Atkins of Masa Studio Architects, with all necessary city permits approved and ready for immediate construction upon transfer to the new owner. All plans and permits will be handed over to the next lucky owner, who will have the opportunity to put their own personal touches on this unique gem. Don't miss this rare chance to own a piece of history - and with the added peace of mind that this home has never been flooded.

Investor Tools

Property Icon
$2,109,000
Estimated Property Value
$946,607Estimated Mortgage Balance
$1,162,393Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,654 /month
Positive
Cash Flow Estimate:
$4,218 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,141/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,151
$1,736,086
2025
$1,194,170
$541,916
$1,736,086
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,151
$1,736,086

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Premia Mortgage Llc
Conventional
$1,000,000
No
First
Jun 6, 2023
Jul 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$946,607
$1,403,393
59%
45%
$5,996/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
$5,996/mo
$-2,746/mo
1.8%

City: Houston