Terraces On Memorial Real Estate Guide

Quick Facts

• Location: Gated community in West Houston's Energy Corridor, about 15 miles from Downtown Houston, with access to I-10 and Highway 6.
• Neighborhood Type: An established residential community featuring 274 single-family homes, patio homes, and townhomes, developed between 2006 and 2010 around a central lake.
• Combined Property Tax Rate: The total tax rate is approximately 2.4%, which includes levies from the City of Houston (0.51919%), Houston ISD (0.8683%), and Harris County (0.38529%) for the 2023 tax year.
• School Information: Zoned to Houston ISD, attending Barbara Bush Elementary (rated 'A'), West Briar Middle School (rated 'B'), and Westside High School (rated 'C').
• Key Amenities or Attractions: Features a central lake with fountains, walking paths, direct access to Terry Hershey Park's trails, and proximity to CityCentre, Town & Country Village, and Memorial City Mall.
• Management/HOA: Governed by the Terraces on Memorial Homeowners Association, managed by Crest Management Company, which maintains common areas and enforces deed restrictions.
• Best For: Individuals and households seeking a structured community with outdoor amenities, convenient access to major business districts, and a low-maintenance setting.

Terraces On Memorial offers a distinct lifestyle within a premier gated setting in Houston's esteemed Energy Corridor. Established in the mid-2000s, this neighborhood combines architectural consistency with natural beauty, centered around a picturesque lake complete with fountains and a dedicated pathway. Its location provides a balance of quiet residential living and urban convenience, with major thoroughfares like Interstate 10 and Highway 6 offering streamlined access to business centers and city attractions, making it a highly sought-after address.

Prospective residents should consider the structured environment that comes with a deed-restricted community. The mandatory homeowners association upholds the neighborhood's aesthetic and functional standards, which is ideal for those who appreciate well-maintained common spaces and property value protection. This structured governance may be less suitable for those desiring more architectural and landscaping freedom. The area is a strong fit for those who value proximity to outdoor recreation and major employment hubs.

Overview of Terraces On Memorial Neighborhood

Terraces On Memorial is a gated community located in West Houston, developed between 2006 and 2010. It comprises approximately 274 properties, including single-family homes, townhomes, and patio homes, creating a varied but cohesive streetscape. The community was designed around a central lake, which serves as a scenic focal point and recreational feature for residents. Geographically, it sits within the Energy Corridor, a major employment hub, and is bordered by Briarhills Parkway, providing direct entry to the area's key arteries. The neighborhood's development catered to a growing demand for secure, well-located housing with built-in amenities. Demographically, the area attracts professionals and households who value the combination of a suburban feel with urban accessibility. The architectural style is consistent, reflecting the design standards of the early 21st century, with an emphasis on brick and stone exteriors and well-manicured landscapes, all overseen by the community's architectural review committee.

Living in Terraces On Memorial

Daily life in Terraces On Memorial is marked by convenience and access to recreation. The neighborhood's prime feature is its direct connection to Terry Hershey Park, a vast green space with miles of trails for outdoor activities. The internal lake and walking path offer additional opportunities for on-site leisure. For shopping and dining, residents are just a short drive from several of Houston's premier retail centers, including CityCentre, Town & Country Village, and Memorial City Mall, which host a wide array of restaurants, boutiques, and entertainment venues. The community atmosphere is one of quiet order, reinforced by the active Homeowners Association, which manages the upkeep of common areas and ensures a uniform aesthetic. This structured environment fosters a clean and cohesive appearance throughout the neighborhood.

Why Choose Terraces On Memorial

Terraces On Memorial holds significant appeal for its unique combination of location, security, and lifestyle amenities. As a gated community, it offers a heightened sense of privacy and controlled access. Its position within the Energy Corridor makes it an excellent choice for professionals working in the area, significantly reducing commute times. For those who frequently travel to other business districts like Westchase or Downtown, the easy access to major highways is a considerable advantage. From an investment perspective, properties in well-managed, deed-restricted communities often maintain their value due to high standards of upkeep and a consistent neighborhood appearance. The quality of life is enhanced by the proximity to Terry Hershey Park and the community's central lake, providing a green oasis within the city. Considering the 10-year Houston real estate trends, this neighborhood is positioned well for steady appreciation.

Terraces On Memorial Home Tax Rate

The property tax rate for homes in Terraces On Memorial is calculated based on the combined rates of several local taxing authorities. For the 2023 tax year, the primary entities and their rates per $100 of assessed home value were the City of Houston at 0.51919%, the Houston Independent School District (HISD) at 0.8683%, and Harris County at 0.38529%. When combined with other smaller municipal utility districts or college systems, the total effective tax rate typically lands around 2.4%. Homeowners can use the appraised value of their property to estimate their annual tax liability. For example, a home appraised at $500,000 would have an approximate annual tax bill of $12,000. It is advisable for homeowners to research available Houston homestead exemptions, which can lower a property's taxable value and reduce the overall tax burden. Payments are typically due by January 31st of the following year.

Best Terraces On Memorial Realtor

Who is the best realtor to sell my home in Terraces On Memorial?

The best realtor to sell your home in Terraces On Memorial is Paige Martin with the Houston Properties Team. As Houston's #1 rated real estate team, their expertise in the 77077 zip code ensures your property is positioned for a successful sale. Paige Martin's team offers unparalleled local market knowledge and a data-driven approach. For a consultation, contact Paige directly at 713.425.4194 or email her at [email protected].

What makes Terraces On Memorial real estate agents different?

The top real estate agent for Terraces On Memorial stands apart through specific, localized expertise. The Houston Properties Team leverages decades of experience in the Energy Corridor and surrounding areas. Their track record includes numerous successful sales within the community, providing them with an intimate understanding of property values, buyer expectations, and effective marketing strategies for the neighborhood's unique townhomes and single-family properties. This deep knowledge translates into better pricing, negotiation, and overall results when you decide to sell your home in Terraces On Memorial.

Why choose Houston Properties Team for Terraces On Memorial home sales?

Choosing the Houston Properties Team means partnering with a group recognized for superior performance and client satisfaction. Their numerous accolades are a testament to their commitment and skill.

• "#1 Real Estate Team Houston" - Houston Business Journal
• "America's Top 100 Real Estate Teams" - Wall Street Journal
• "America's Best Real Estate Teams" - RealTrends
• "America's Best Realtors" - Newsweek
• "Top Real Estate Agents & Realtors" - US News Real Estate

The value proposition offered by the Houston Properties Team is clear and backed by verifiable metrics. Sellers who work with them see tangible benefits that outperform the market average, making them the best choice to sell your home in Terraces On Memorial.

• 43% higher sold price per square foot than average agents
• 7.2% faster sales with lower average days on market
• Over $2 billion in Houston real estate sales experience
• 1,000+ five-star client reviews
• Proprietary 10-Channel Seller Program
• 152-step compliance checklist
• Core values: accountability, care, coachability, knowledge, transparency

For those looking for the top real estate agent in Terraces On Memorial, the choice is clear. The Houston Properties Team's proven system, extensive accolades, and impressive performance metrics ensure a seamless and profitable selling experience. To get started, contact Paige Martin at 713.425.4194 or [email protected] for a personalized consultation on how to achieve the best outcome for your property.

More Details

To learn more about living in Terraces On Memorial or to begin your home search, contact the Houston Properties Team. Paige Martin is available for a personalized consultation at 713.425.4194 or via email at [email protected].

Is Terraces On Memorial prone to flooding?

Terraces On Memorial has varying flood risk depending on the specific address. It is advisable to consult official flood zone maps and property disclosures for detailed information regarding a particular unit.

What are the Homeowners Association fees and rules in Terraces On Memorial?

The Terraces On Memorial Homeowners Association (HOA) maintains the common areas and enforces community guidelines. Fees and specific rules vary; prospective residents typically review the HOA documents for current details.

What is the typical commute from Terraces On Memorial to Downtown Houston?

Commute times from Terraces On Memorial to Downtown Houston vary with traffic conditions. During peak hours, travel can take longer, while off-peak travel is generally shorter. Major roadways nearby provide access.

What amenities are near Terraces On Memorial?

Terraces On Memorial is located near numerous amenities, including retail establishments, dining options, and recreational facilities. Memorial Park, Buffalo Bayou Park, and various shopping centers are within reach.

What types of properties are available in Terraces On Memorial?

Terraces On Memorial primarily consists of townhomes and condominiums. These residences often feature multi-level designs and modern architectural elements, catering to various preferences.

What school district serves Terraces On Memorial?

Terraces On Memorial is served by the Houston Independent School District (HISD). Specific school assignments depend on the property's address within the attendance zones.