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$569,179

NAL Estimated Property Value

1401 Calumet St Unit 312, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,380 Sq Ft
price_per_sqft$243.28 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1999

Land Information

APN1205550030013
SubdivisionIl Palazzo Condo Amend
Land UseResidential
Legal DescriptionUNIT 312 FLR 3 .0190 INT COMMON LAND & ELE IL PALAZZO CONDO AMEND
Census Tract312602
Assessed Land Value$108,144
Assessed Improvement Value$461,035
Assessment Year2025

About this property

One of the most desirable floor plans at Il Palazzo, this sprawling corner unit with massive covered wrap-around balcony is sure to impress! Offering oversized rooms, soaring 12’ ceilings, updated Kitchen & Primary Bath, oak hardwoods (no carpet) and unparalleled storage including 21’x7’ Primary Bedroom Walk-In Closet! Kitchen has painted cabinetry, updated countertops, backsplash & appliances, and custom Pantry with pull out bins. Enormous Primary Bedroom has plenty of space for sitting & study areas. Primary Bath boasts huge walk-in shower with dual heads, stone floors & vanity with double sinks and custom tile backsplash wall. Views to South toward TMC and treetop views to West over Austin St. Nestled in the heart of Museum District, Il Palazzo offers 24/7 concierge, secured access and is walkable to Hermann Park, area museums, restaurants & MetroRail! Convenient to Medical Center & Downtown! 2 assigned garage spaces, refrigerator & W/D included. Buyer to verify all dimensions.

Investor Tools

Property Icon
$569,179
Estimated Property Value
$0Estimated Mortgage Balance
$569,179Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,474 /month
Positive
Cash Flow Estimate:
$1,158 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$464/month
$1,190/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,725
$569,179
2025
$108,144
$461,035
$569,179
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,725
$569,179

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$569,179
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,190/mo
+$117/mo
2.8%

Learn About the Market: Opportunity in Houston

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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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1401 Calumet St Unit 312 | Property Details | No Agent List