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$309,000

NAL Estimated Property Value

1115 Augusta Dr Apt 38, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,580 Sq Ft
price_per_sqft$82.28 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Double Oven, Electric Oven, Trash Compactor, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer, Oven
FlooringCarpet, Wood

Building Information

Year Built1977
Stories2
Garage Spaces2

Land Information

APN1088580070038
SubdivisionAugusta Square Condo
Land UseResidential
Legal DescriptionUNIT G38 .019605 INT COMMON LAND & ELE AUGUSTA SQUARE CONDO
Census Tract431506
Assessed Land Value$43,037
Assessed Improvement Value$183,472
Assessment Year2025

About this property

Great investment opportunity to remodel a 2 story, 2 bedroom, 2.5 bath corner condo at popular Augusta Square Condominium. Prime Tanglewood, Galleria area location with close proximity to neighboring YMCA , HEB, Whole Foods, shopping and restaurants. This condo features first floor living with a really nice sized outdoor patio located off the dining room. Upstairs are 2 large bedrooms with ensuite baths, and walk in closets ( two in primary bedroom). Extra space upstairs is a den /office area with floor to ceiling windows providing lots of natural light. Washer and dryer also conveniently located upstairs adjacent to bedrooms. Attached two car garage includes a really large storage closet. Complex has a lovely pool area and surroudning grounds. Owner is selling "as is".

Investor Tools

Property Icon
$309,000
Estimated Property Value
$155,535Estimated Mortgage Balance
$153,465Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,854 /month
Positive
Cash Flow Estimate:
$618 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$502/month
$537/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,479
$226,509
2025
$43,037
$183,472
$226,509
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$4,479
$226,509

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Capital Fund I Llc
Building Or Construction Loan
$170,000
No
First
Nov 23, 2021
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,535
$160,465
50%
50%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,557/mo
$-17/mo
6.0%

City: Houston

1115 Augusta Dr Apt 38 | Property Details | No Agent List