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$1,584,000

NAL Estimated Property Value

506 Timber Terrace Rd, Houston, TX, 77024

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,006 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$399.4 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size18,077 sqft

Building Information

Year Built1954
Stories1
Garage Spaces2

Land Information

APN0772370010004
Lot Number4
SubdivisionTimber Lane Terrace
Land UseResidential
Legal DescriptionLT 4 BLK 1 TIMBER LANE TERRACE
Census Tract430102
Assessed Land Value$958,081
Assessed Improvement Value$107,140
Assessment Year2025

About this property

Welcome to 506 Timber Terrace Road — a rare opportunity on one of the neighborhood’s most coveted streets. Originally designed in the 1950s by Lucian T. Hood, this single-story residence offers just over 4,000 square feet of living space and timeless architectural character. Currently configured as a 4-bedroom home, the property presents endless potential to thoughtfully reimagine, renovate, or build a custom dream home. Opportunities like this on Timber Terrace are few and far between — secure your place on this iconic street before it’s gone.

Investor Tools

Property Icon
$1,584,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,584,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,600 /month
Positive
Cash Flow Estimate:
$3,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,612/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,429
$1,065,221
2025
$958,081
$107,140
$1,065,221
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$11,429
$1,065,221

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,584,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,250/mo
N/A
+$3,250/mo
2.5%

City: Houston

506 Timber Terrace Rd | Property Details | No Agent List