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General Description

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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.

MLS#:

51342426 (HAR)

Sold Price Range:

$1,638,001 - $1,888,000

Listing Status:

Sold

Address:

503 Timber Terrace Road

City:

Houston

State:

Zip Code:

77024

County:

Harris County

Subdivision:

Timber Lane Terrace (View subdivision price trend)

Legal Description:

LT 16 & TRS 15A & 17B BLK 2 TIMBER LANE TERRACE

Property Type:

Single-Family

Bedrooms:

4 Bedroom(s)

Baths:

4 Full Bath(s)

Garage(s):

3 / Attached

Stories:

Style:

Contemporary/Modern,Ranch

Year Built:

1955 / Appraisal District

Building Sqft.:

4,628 /Appraisal District

Lot Size:

26,986 Sqft. /Appraisal District

Key Map©:

491F

Market Area:

Memorial Close In

Rooms/Lot Dimensions

Living:

21x12, 1st

Family Room:

19x19, 1st

Dining:

14x12, 1st

Kitchen:

11x14, 1st

Breakfast:

7x10, 1st

Primary Bedroom:

15.8x21, 1st

Bedroom:

14x13, 1st

Bedroom:

18x14, 1st

Primary Bath:

9.5x15, 1st

Utility Room Desc:

16x12, 1st

Guest Suite:

15x20, 2nd

Sunroom:

27x6, 1st

Interior Features

Fireplace:

1/Gaslog Fireplace, Wood Burning Fireplace

Floors:

Carpet, Stone, Travertine, Wood

Countertop:

Granite

Bedroom Description:

2 Bedrooms Down, Primary Bed - 1st Floor

Room Description:

Formal Dining, Formal Living, Gameroom Up, Living Area - 1st Floor

Kitchen Description:

Breakfast Bar, Kitchen open to Family Room, Pantry, Walk-in Pantry

Bathroom Description:

Primary Bath: Double Sinks, Primary Bath: Separate Shower, Vanity Area

Cooling:

Central Electric, Zoned

Heating:

Central Electric, Zoned

Connections:

Electric Dryer Connections, Washer Connections

Ice Maker:

Yes

Compactor:

Yes

Range:

Electric Cooktop

Disposal:

Yes

Microwave:

Yes

Oven:

Convection Oven

Dishwasher:

Yes

Energy Feature:

Attic Vents, HVAC>13 SEER

Interior:

Balcony, Refrigerator Included, Wet Bar

Exterior Features

Roof:

Composition

Foundation:

Slab

Private Pool:

Exterior Type:

Brick, Stone, Wood

Lot Description:

Other

Garage Carport:

Double-Wide Driveway

Water Sewer:

Public Sewer, Public Water

Unit Location:

Other

Area Pool:

Exterior:

Balcony, Rooftop Deck, Sprinkler System

Additional Information

List Type:

Exclusive Right to Sell/Lease

HOA Mandatory:

Dwelling Type:

Free Standing

Buyer Agent Compensation*:

Sub Agent Compensation*:

*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Financial Information

Financing Considered:

Cash Sale, Conventional

Other Fees:

Ownership:

Full Ownership

Maintenance Fee:

Taxes w/o Exemp:

$1, 006, 906/2022

Tax Rate:

2.3379

Selling Agent and Brokerage

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Selling Agent

Alex Berry

Click to view phone

Selling Broker

Nan & Company Properties

2200 Post Oak # 1475
Houston, TX 77056

Want to know how much is this home worth?

Request Home Value

Property Tax

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Cost/sqft based on Market Value

Tax Year	Cost/sqft	Market Value	Change	Tax Assessment	Change
2023	$325.51	$1,506,446	49.61%	$1,506,446	49.61%
2022	$217.57	$1,006,906	1.54%	$1,006,906	1.54%
2021	$214.26	$991,617	5.33%	$991,617	5.33%
2020	$203.41	$941,403	0.00%	$941,403	0.00%
2019	$203.41	$941,403	-1.19%	$941,403	-1.19%
2018	$205.87	$952,744	0.00%	$952,744	0.00%
2017	$205.87	$952,744	0.00%	$952,744	0.00%
2016	$205.87	$952,744	0.00%	$952,744	7.97%
2015	$205.87	$952,744	0.00%	$882,442	10.00%
2014	$205.87	$952,744	30.64%	$802,220	10.00%
2013	$157.58	$729,291	0.00%	$729,291	0.00%
2012	$157.58	$729,291		$729,291

2023 Harris County Appraisal District Tax Value

Market Land Value:	$1,126,575
Market Improvement Value:	$379,871
Total Market Value:	$1,506,446

harris County Appraisal District

2023 Tax Rates

SPRING BRANCH ISD:	1.2688 %
HARRIS COUNTY:	0.3437 %
HC FLOOD CONTROL DIST:	0.0306 %
PORT OF HOUSTON AUTHORITY:	0.0080 %
HC HOSPITAL DIST:	0.1483 %
HC DEPARTMENT OF EDUCATION:	0.0049 %
HOUSTON CITY OF:	0.5336 %
Total Tax Rate:	2.3379 %

Estimated Mortgage/Tax

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$9,772 Monthly

Estimated Monthly Principal & Interest (Based on the calculation below)	$ 6,837
Estimated Monthly Property Tax (Based on Tax Assessment 2023)	$ 2,9352,935
Home Owners Insurance	Get a Quote

List Price

Loan Term

Months

Years

Down Payment

Annual Interest Rate

Estimated Monthly Principal & Interest

Calculate View Amortization Table

Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Subdivision Facts

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2023 Subdivision Facts

Subdivision Name:

Timber Lane Terrace

County / Zip Code:

77024

Single Family Properties:

Average Bedrooms:

4.29

Average Baths:

4.41

Median Square Ft.:

4,006

Median Lot Square Ft.:

25,400

Median Year Built:

1955

Median Appraised Value:

$1,320,638

Neighborhood Value Range:

$971 - $3109 K

Median Price / Square ft.:

$375.97

View Price Trends for Timber Lane Terrace

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.