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$103,907

NAL Estimated Property Value

1500 Bay Area Boulevard P186, Houston, TX, 77058

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths850 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$131.76 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesMicrowave, Free-Standing Range, Dishwasher, Washer/Dryer, Oven
FlooringLaminate

Exterior

Exterior FeaturesStorage, Balcony

Building Information

Year Built1978
Stories1

Land Information

APN1141900140002
SubdivisionBaywind Condo
Land UseResidential
Legal DescriptionTH 170 BLDG N .00329 INT COMMON LAND & ELE BAYWIND CONDO SEC 2
Census Tract341303
Assessed Land Value$19,742
Assessed Improvement Value$84,165
Assessment Year2025

About this property

This completely updated ground-level condo features 2 spacious bedrooms and 2 full bathrooms, each with large walk-in closets. The condo has been beautifully and tastefully updated by the owner, who invested approximately $57,000 in upgrades. Improvements include new flooring throughout (no carpet), a fully renovated kitchen with new cabinets and countertops, updated bathrooms, new sheetrock, electrical wiring, lighting, ceiling fans, blinds, and a modern fireplace. The open floor plan and neutral colors suit any décor. New cooking range and dishwasher. NEW HVAC system. Enjoy extra storage on the balcony and two assigned parking spots #281A and #282A. HOA covers water, trash, and hot water. The community offers a clubhouse, gym, two pools, dog park, and is ideally located near shopping centers, restaurants, NASA, medical centers, Spaceport, Kemah Boardwalk, Armand Bayou Nature Center, and the University of Houston–Clear Lake. Call for a showing today!

Investor Tools

Property Icon
$103,907
Estimated Property Value
$0Estimated Mortgage Balance
$103,907Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$672 /month
Positive
Cash Flow Estimate:
$224 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$146/month
$412/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,238
$103,907
2025
$19,742
$84,165
$103,907
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,238
$103,907

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$103,907
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,230/mo
$412/mo
+$818/mo
14.2%

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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