When was property at 507 Terrace Drive built and last sold?

The property at 507 Terrace Drive was built in 2015 and last sold on Feb 19, 2016 for $1,756,800.

How much is this home worth?

The estimated value of the home located at 507 Terrace Drive is $0.

What are some comparable homes to 507 Terrace Drive?

There are currently no comparable homes to 507 Terrace Drive.

Houston

77007

Washington Avenue - Memorial Park

507 Terrace Drive

Sold on Jul 29, 2025

Map

Video Tour

$2,790,000 Last Listed Price

● House - Off Market

507 Terrace Drive

Houston, TX 77007

4 Beds

5 Baths

4,846 Ft²

$17,279

Est. Monthly

HOA / Fees

0.59%

Cap Rate

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.

Unit Size

4,846 Ft²

Days on Market

Land Size

0.18 acres

Price per sqft

$576

Property Type

House

Property Taxes

$3,574

HOA Dues

Year Built

2015

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (HAR #90997267)

Price History

Date / Event	Date	Event
Jul 29, 2025	Sold	Premium
Sold
Jul 18, 2025	In contract	-
In contract
Jun 5, 2025	Listed by Keller Williams Memorial	$2,790,000
Listed by Keller Williams Memorial

Property Highlights

Garage

Fireplace

Building Info

Overview

General

Year Built: 2015

Effective Year Built: 2015
Building Count: 1
Total Rooms: 9
Bedroom Count: 4
Bathroom Count: 5
Full Bathrooms: 5
Partial Bathrooms: 5
Bathroom Plumbing Fixtures: 23
Building Condition: 6
Building Quality: 1
Construction Type: 6
Building Style: 1
Exterior Walls Type: 11
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 7
Garage Square Area: 462
Parking Space Count: 2
Patio Type: 0
Porch Type: 7
Pool Type: 8
Location Influence Type: 129

Dimensions

Lot Size Square Feet: 7,750

Total Building Area: 4,846
Gross Building Area: 4,846
Building Area: 4,846
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 3
Heated Square Feet: 4,846
Heating Fuel Type: 3

Utilities

Sewer System: 1

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: GLEN COVE SEC 3
Land Acres: 0000000178
Standard Land Use Code: 1001
County Land Use Code: 1001
State Land Use Code: A1
Legal Description 1: LT 6 BLK 5 GLEN COVE SEC 3

Neighborhood

School District Name: Houston Independent School District

School Tax School District: HOUSTON ISD
Census Tract: 510802

Geography

Assessors Map Reference: 5257B

Account Number: 0690420090006
District: 061
Parcel: 069-042-009-0006
Block: 5
Lot: 6
Municipality: CITY OF HOUSTON
Latitude: 29.769
Longitude: -95.4246

Address

Full Address: 507 Terrace Dr

Address - House Number: 507
Address - Street Name: Terrace
Address - Suffix Type: Dr
State: TX
City Name: Houston
Carrier Code: C011
4-Digit Zip Code: 5070
Zip Code: 77007

Valuation

Tax

Total Area: 4,993

Tax Year: 2022
Tax Amount: $2,950,606
Tax Rate Code Area: 061

Appraisal Valuation

Standard Deviation: 0.2059

Valuation Date: Sep 13, 2023
Confidence Score: 72
Final Value: 2,016,429
High Value: 2,431,796
Low Value: 1,601,062

Market Valuation

Market Total Value: $1,850,000

Market Land Value: $769,925
Market Improvement Value: $1,080,075

Assessments Valuation

Assessed Year: 2022

Assessed Total Value: $1,850,000
Assessed Land Value: $769,925
Assessed Improvements Value: $1,080,075

Exemptions

Homeowner Exemption: Yes

Sales

Current Sale Contract Date: Feb 19, 2016

Current Sale Recording Date: Feb 23, 2016
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 201672278
Previous Sale Recording Date: May 20, 2014
Previous Sale Contract Date: May 06, 2014
Previous Sale Document Type: 71

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Financing

First Mortgage Financing Type: ADJ

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About Central Houston

Stats & Trends

Median Asking:

$565,000

Sale Price/ft²

$261

Above Asking

51.27%

Average Days on Market

Average Home Size

2387 ft²

Average Home Age

32.4 years

Currently For Sale

2088 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1524 Columbia Street, Houston, TX, 77009

$5,200 /mo

2 Beds
2 Baths
1,623 ft²

1524 Columbia Street #MAIN, Houston, TX, 77009 Listing by Joely Contreras

Unit for rent at 101 Westcott Street, Houston, TX, 77007

$5,000 /mo

2 Beds
2 Baths
1,953 ft²

101 Westcott Street #305, Houston, TX, 77007 Listing by Karel Butz

Unit for rent at 5821 Kansas Street, Houston, TX, 77007

$5,500 /mo

3 Beds
2 Baths
2,253 ft²

5821 Kansas Street, Houston, TX, 77007 Listing by Deshia Denby

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Holly Hernandez, Keller Williams Memorial
Last Updated: 4 months ago
Data Source: HAR , MLS# 90997267

Copyright © 2026, Houston Realtors Information Service, Inc. Information provided is exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.