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$314,000

1002 Morningside Dr # 3, Terrell Hills, TX, 78209

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,331 Sq Ft
price_per_sqft$253.94 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling
AppliancesDishwasher, Microwave, Oven, Range, Cooktop, Disposal
FlooringCarpet, Concrete, Marble, Wood

Building Information

Year Built2022
Roof Type109
Garage Spaces1

Land Information

APN05848-100-0030
SubdivisionMorningside Condo
Land UseSingle Family Residential
Legal DescriptionCB 5848A (THE MORNINGSIDE CONDOMINIUMS), UNIT 3 2024 NEW PER CONDO DECLARATION 20230063299///
Census Tract120401
Assessed Land Value$38,320
Assessed Improvement Value$160,360
Assessment Year2025

About this property

This stunning townhome-style condo, nestled in the highly sought-after Terrell Hills neighborhood, perfectly blends modern luxury with a prime location. Upon entering, you'll be welcomed by soaring ceilings, expansive skylights, and an abundance of natural light that creates a bright, sophisticated atmosphere. The gourmet kitchen is a chef's dream, featuring soft-close cabinetry, sleek quartz countertops, and top-of-the-line appliances. The owner's suite serves as a serene retreat, complete with a private balcony to take in breathtaking sunset views. The generously sized secondary bedrooms each offer their own luxurious bathrooms and spacious walk-in closets. Outside, beautifully landscaped, low-maintenance grounds invite you to enjoy a life of comfort and elegance. Just minutes from Fort Sam Base and close to the vibrant Historic Pearl, the Witte Museum, and more, this home seamlessly combines tranquility with unbeatable convenience.

Investor Tools

Property Icon
$314,000
Estimated Property Value
$0Estimated Mortgage Balance
$314,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,028 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$481/month
$50/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,204
$198,680
2025
$38,320
$160,360
$198,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,204
$198,680

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$314,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,840/mo
$50/mo
+$1,790/mo
7.0%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Terrell Hills

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1002 Morningside Dr # 3 | Property Details | No Agent List