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B+
NoAgentList RatingHow are grades calculated? Info

$498,000

1401 Calumet St Unit 502, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,885 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$185.62 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1999

Land Information

APN1205550050003
SubdivisionIl Palazzo Condo Amend
Land UseResidential
Legal DescriptionUNIT 502 FLR 5 .0151 INT COMMON LAND & ELE IL PALAZZO CONDO AMEND
Census Tract312602
Assessed Land Value$78,928
Assessed Improvement Value$336,484
Assessment Year2025

About this property

Ready for a quick move in! 5th floor beauty in the heart of the medical center and museum district. Gorgeous views from the living area off the balcony. Exterior of the building just got a facelift in 2018. You will fall in love with the soaring ceilings, open floorplan, concrete and solid wood floors. PLUS, sellers updated the master bath with HUGE walk in shower. LOCATION LOCATION LOCATION!

Investor Tools

Property Icon
$498,000
Estimated Property Value
$100,000Estimated Mortgage Balance
$474,044Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$256/month
$818/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$578
$415,412
2025
$78,928
$336,484
$415,412
No

Tax History

Year
Tax Paid
Assessed Value
2024
$578
$415,412

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cooperative Mtg Services Inc
N/A
$100,000
N/A
First
Dec 11, 2000
Jan 2031

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$23,956
$474,044
95%
5%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$818/mo
+$489/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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1401 Calumet St Unit 502 | Property Details | No Agent List