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$625,000

1401 Calumet St Unit 508, Houston, TX, 77004

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,064 Sq Ft
price_per_sqft$302.81 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1999

Land Information

APN1205550050009
SubdivisionIl Palazzo Condo Amend
Land UseResidential
Legal DescriptionUNIT 508 FLR 5 .0165 INT COMMON LAND & ELE IL PALAZZO CONDO AMEND
Census Tract312602
Assessed Land Value$84,398
Assessed Improvement Value$359,803
Assessment Year2025

About this property

Experience a true gem—an exceptional residence that seamlessly blends the elegance of a private art gallery with the comfort of luxury living. Soaring 12-foot ceilings, dramatic floor-to-ceiling windows, abundant natural light, and sweeping panoramic Houston skyline views create an unforgettable first impression. Extensively updated within the past three years with a new HVAC system, Samsung Bespoke appliances, full-size washer and dryer, water heater, refinished oyster-white hardwood floors, and a beautifully renovated primary bath. Designer finishes include custom built-ins, LED gallery lighting, sophisticated wall coverings, brushed brass fixtures, and an expansive dressing closet with custom storage. Motorized sheer and blackout draperies and a full-width balcony with mature yucca plants complete this distinctive home. Walk to the Museum District, Hermann Park, the Texas Medical Center, and METRO Rail for exceptional urban living.

Investor Tools

$114,536Estimated Mortgage Balance
$410,464Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Tammy Bateman Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$434/month
$1,084/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,579
$444,201
2025
$84,398
$359,803
$444,201
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,579
$444,201

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wells Fargo Bank Na
Conventional
$158,000
No
First
Mar 4, 2014
Apr 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$114,536
$410,464
78%
22%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,084/mo
+$223/mo
3.0%

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 508 | Property Details | No Agent List