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$457,000

NAL Estimated Property Value

1211 Caroline St Unit 805, Houston, TX, 77002

Off MarketInfo
Beds2 Beds
Baths4 Bath
Baths1,235 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$465.59 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Exterior FeaturesOutdoor Kitchen, Dog Run, Balcony

Building Information

Year Built2018

Land Information

APN1402910010003
Land UseResidential
Legal DescriptionUNIT 805 .0103 INT COMMON LAND & ELE MARLOWE CONDO 4TH AMEND
Census Tract100001
Assessed Land Value$79,445
Assessed Improvement Value$338,689
Assessment Year2025

About this property

Downtown Houston's premier condo residence, The Marlowe! Constructed in 2018, this amenity-loaded building offers its residents the highest level of comfort in one of Houston's most accessible neighborhoods--steps from world-class entertainment, cultural attractions, and vibrant nightlife, including Discovery Green, Toyota Center, Green Street, Minute Maid, Market Square, and The Theatre District. Easy entry to freeways and transit systems and nearby Med Center. The Marlowe features 24/7 Lobby Concierge Service, Valet parking, Sky Pool, Outdoor Kitchen, Gym, Massage room, Sauna on the 8th floor. Also, on the 8th floor, there is a gorgeous 1253 SFT corner residence with West and South skyline views and a private balcony! Floor-to-ceiling 10ft double-pane thermal windows. Appliances by Bosche, Italian cabinetry, custom walk-in closet, plus specialty window shades. (2) parking spaces. This 2 bed/2 bath floorplan features large bedrooms and is ready for move-in!

Investor Tools

Property Icon
$457,000
Estimated Property Value
$246,344Estimated Mortgage Balance
$210,656Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$945/month
$853/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,055
$418,134
2025
$79,445
$338,689
$418,134
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,055
$418,134

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Conventional
$250,000
No
First
Jul 11, 2025
Aug 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,344
$210,656
46%
54%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,830/mo
$2,352/mo
$-522/mo
4.8%

City: Houston

1211 Caroline St Unit 805 | Property Details | No Agent List