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$294,900

$299,000

1115 Augusta Drive 38, Houston, TX, 77057

On MarketInfo
Price DropInfo
Beds3 Beds
Baths3 Bath
Baths1,580 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$186.65 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Electric Oven, Microwave, Free-Standing Range, Dishwasher, Washer/Dryer
FlooringVinyl, Wood

Exterior

Exterior FeaturesBalcony

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

This Townhome is Conveniently Located in the Fabulous Galleria Area! This Well-Established Neighborhood is Centrally located to all the amenities Houston has to offer. Just minutes away from the extraordinary shopping and dining choices that surround Post Oak Blvd. Memorial Park Trail, YMCA, HEB, Krogers, Trader Joe's and inner loop 610 are in walking distance or just a moment by car and you have arrived. This 2-story townhouse has been transformed, a complete renovation that has covered every inch of the property. Including all new pex plumbing, upgraded and updated electrical, brand new bathrooms, a brand new kitchen that offers open shelving high end black stainless appliances, and everything else that comes with a renovation that takes a home down to studs. This unit is like new but having the luxury of being in an established neighborhood. It's one of the few Units in the complex that has 3 bedrooms, plus it's on a corner lot, with a private 2-car garage and new roof.

Investor Tools

Property Icon
$252,000
Estimated Property Value
$0Estimated Mortgage Balance
$96,758Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,769 /month
Positive
Cash Flow Estimate:
$590 /month

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Karen Davis

Karen Davis Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$478/month
$365/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
$155,242
$96,758
38%
62%
$1,020/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$1,385/mo
+$155/mo
7.3%

Learn About the Market: Opportunity in Houston

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Explore

Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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1115 Augusta Drive 38 | Property Details | No Agent List