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B+
NoAgentList RatingHow are grades calculated? Info

$995,000

1201 Banks St, Houston, TX, 77006

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,058 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$294.31 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Oven
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,995 sqft

Building Information

Year Built1998
Stories3
Garage Spaces2

Land Information

APN0360370000041
Lot Number1
SubdivisionTurner N P
Land UseResidential
Legal DescriptionTR 1B BLK 31 (N 31.94 FT OF THE E 62.5 FT LT 1) TURNER N P
Census Tract411901
Assessed Land Value$197,780
Assessed Improvement Value$506,537
Assessment Year2025

About this property

Welcome to this stunning corner lot home. Upon entry, you'll be greeted by a gorgeous landscaped fenced garden under a canopy of majestic oaks, creating a serene retreat. The inviting foyer includes an elevator that services all the way to the 3rd floor. The downstairs ensuite can serve as a library or flex space. Upstairs, enjoy a spacious living area with a cozy fireplace. Windows frame the picturesque oak trees outside and built-in ceiling speakers provide surround sound on every floor. The kitchen showcases black granite countertops, bronze hardware and custom designer light fixtures. French doors add privacy and elegance. The cozy primary suite features a fireplace, high ceilings, fresh carpet, recessed lighting, and a newly remodeled primary bathroom with a soaking tub. Enjoy the proximity to your favorite shops and restaurants, the Museum District, Hermann Park, and Rice U, with easy access to 59 & 288.

Investor Tools

Property Icon
$995,000
Estimated Property Value
$405,400Estimated Mortgage Balance
$593,133Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,970 /month
Positive
Cash Flow Estimate:
$1,990 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,140/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,706
$704,317
2025
$197,780
$506,537
$704,317
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,706
$704,317

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sente Mortgage Inc
Conventional
$405,400
No
First
Nov 7, 2025
Dec 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$401,867
$585,133
59%
40%
$2,431/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$2,431/mo
+$149/mo
3.1%

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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1201 Banks St | Property Details | No Agent List