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Owner Contacts

$300,000

NAL Estimated Property Value

102 Quitman St Unit 206, Houston, TX, 77009

$390,000 ARV

Off Market

2 Beds

2 Bath

1,182 Sq Ft

Condos / Townhouses

$266.5 / sqft

Built in 2006

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Electric Oven, Microwave, Electric Cooktop, Washer/Dryer Stacked, Dishwasher, Washer/Dryer

FlooringTile, Wood

Exterior

Private Pool

Exterior FeaturesOutdoor Kitchen, Balcony

Building Information

Year Built2006

Land Information

APN1295060010006

SubdivisionThe Fischer Gardens Condo

Land UseResidential

Legal DescriptionUNIT 206 FLOOR 2 .0335 INT COMMON LAND & ELE THE FISCHER GARDENS CONDO AMEND

Census Tract510301

Assessed Land Value$55,683

Assessed Improvement Value$237,384

Assessment Year2025

About this property

Spectacular lock & leave living at its finest in the Heights with downtown view! Welcome to The Point at 102 Quitman #206, a 2 bed/2 bath corner unit which features stunning views, amazing natural light, soaring ceilings and the perfect floorplan for everyday living/entertaining. Open living area, dining and striking kitchen with walk-in pantry/laundry comprise the lower level. Primary bedroom with 2 walk-in closets and spa-like bath which offers granite counter, double sinks, jetted tub and walk-in shower. Secondary bedroom with direct access to the hallway bath which includes a shower/tub and granite vanity complete the upper level. Outdoor covered porch is an ideal spot to enjoy the scenic view of downtown. Storage unit. Complex amenities-picturesque pool, lounging area w/ gas grill, elevator, garage w/ limited access gates, 2 assigned parking spots and security door for guests. Dog area. Close to area shops, eateries, trails, parks & entertainment with an easy commute to downtown.

Investor Tools

$300,000

Estimated Property Value

$117,347Estimated Mortgage Balance

$182,653Estimated Equity

61% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$390,000

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,890 /month

Positive

Cash Flow Estimate:

$630 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$428/month

$808/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$3,640

$293,067

2025

$55,683

$237,384

$293,067

Tax History

Year

Tax Paid

Assessed Value

2024

$3,640

$293,067

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Cbcd Real Estate Llc

Seller Carryback / Seller Financing / Seller Take-Back

$175,499

First

Feb 29, 2012

Apr 2014

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$117,347

$188,653

61%

39%

$1,053/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,307/mo

$1,861/mo

$-554/mo

5.2%

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