21Days on Market

51view

$4,499,900

309 Glenwood Dr, Houston, TX, 77007

On Market

4 Beds

6 Bath

6,638 Sq Ft

Single Family Residence

$677.9 / sqft

Built in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 5

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Water Softener, Microwave, Gas Cooktop, Dishwasher

FlooringCarpet, Tile

Exterior

Exterior FeaturesBalcony, Outdoor Kitchen

Lot Size31,372 sqft

Building Information

Year Built2008

Stories1

Garage Spaces3

Land Information

APN0690420020013

Lot Number13

SubdivisionGlen Cove

Land UseResidential

Legal DescriptionLT 13 BLK 2 GLEN COVE SEC 2

Census Tract510802

Assessed Land Value$2,318,400

Assessed Improvement Value$1,222,539

Assessment Year2025

About this property

BACK ON MARKET DUE TO FINANCE 10/7! The Glenwood Residence is a rare find over 31,000 sf lot, 3-car garage, motor court & automatic gates, this one-owner custom home in Crestwood/Glen Cove. Designed by Hollenbeck Architects built by David Gunn, minutes from Memorial Park & golf course plus trails. Concrete tile roof, curved stacked-stone interior wall, concrete column & floating ceilings define the architecture. Custom cabinetry, Miele & Wolf appliances/breakfast area. Formal dining & study add dedicated spaces. Large primary features corner windows with motorized shades, ensuite with dual showers, vanity, custom walk-in closet. Two covered outdoor areas & summer kitchen, heated infinity pool with waterfall, spa/putting green. Fitness & massage room, wine display, Crestron home automation, game room, golf simulator add to the lifestyle. Recent updates HVAC, furnace & water heater (2024), new interior & exterior paint, carpet. Generac generator, water softener, and filtration system.

Investor Tools

$4,751,000

Estimated Property Value

$1,500,000Estimated Mortgage Balance

$3,322,657Estimated Equity

68% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$28,506 /month

Positive

Cash Flow Estimate:

$9,502 /month

Interested in this property?

Dana Johnson

Douglas Elliman Real Estate

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$6,110/month

$450/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$49,564

$3,540,939

2025

$2,318,400

$1,222,539

$3,540,939

Tax History

Year

Tax Paid

Assessed Value

2024

$49,564

$3,540,939

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

National City Bank

Unknown

$500,000

First

Sep 4, 2007

Sep 2022

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,442,609

$3,605,391

71%

30%

$11,992/mo

Learn About the Market: Opportunity in Houston

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