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$2,547,000

NAL Estimated Property Value

507 Terrace Dr, Houston, TX, 77007

Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,846 Sq Ft
price_per_sqft$575.73 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 5Bathrooms Full 5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Water Heater, Disposal, Wine Refrigerator, Convection Oven, Double Oven, Gas Oven, Microwave, Free-Standing Range, Gas Range, Dishwasher, Refrigerator
FlooringCarpet, Stone, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Outdoor Kitchen
Lot Size7,749 sqft

Building Information

Year Built2015
Stories1
Garage Spaces2

Land Information

APN0690420090006
Lot Number6
SubdivisionGlen Cove
Land UseResidential
Legal DescriptionLT 6 BLK 5 GLEN COVE SEC 3
Census Tract510802
Assessed Land Value$1,046,500
Assessed Improvement Value$1,356,096
Assessment Year2025

About this property

Experience luxury living in this custom estate near Memorial Park where contemporary elegance meets timeless design. This two-story residence offers 4/5 bedrooms, 5 baths, soaring ceilings, & walls of windows that flood the interior w/ natural light. The grand living area opens to a private backyard oasis with plunge pool/spa, serene water feature, summer kitchen & covered patio w/ fireplace. The chef’s kitchen is appointed w/ commercial-grade Viking appliances, oversized island, walk-in pantry & sleek custom cabinetry. The 1st floor primary is a sanctuary w/ backyard views, soaking tub, glass-enclosed shower, dual sinks, vanity & dreamy walk-in closet. Add’l features incl. a home office, expansive gameroom/flex space, a plethora of storage & whole home generator. Enjoy easy commutes Downtown or to the Galleria area. Your active lifestyle awaits being near Memorial Park’s golf course, premier trails & the scenic Eastern Glades - while just minutes from Houston's top dining & hotspots.

Investor Tools

Property Icon
$2,547,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,547,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$16,740 /month
Positive
Cash Flow Estimate:
$5,580 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,351/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,472
$2,402,596
2025
$1,046,500
$1,356,096
$2,402,596
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,472
$2,402,596

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,581,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$60/mo
+$3,280/mo
1.6%

City: Houston

507 Terrace Dr | Property Details | No Agent List