2view

Owner Contacts

$95,000

NAL Estimated Property Value

1516 Bay Area Boulevard S2, Houston, TX, 77058

Off Market

2 Beds

2 Bath

904 Sq Ft

Condos / Townhouses

$108.41 / sqft

Built in 1977

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesElectric Oven, Electric Range

FlooringVinyl

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1977

Stories1

Land Information

APN1119620000002

SubdivisionBaywind Condo

Land UseResidential

Legal DescriptionTH 2 BLDG S .00518 INT COMMON LAND & ELE BAYWIND CONDO SEC 1

Census Tract341303

Assessed Land Value$17,267

Assessed Improvement Value$73,613

Assessment Year2025

About this property

MOVE RIGHT IN to this well appointed condo in the heart of Clear Lake / NASA. This condo has great lots of natural light, granite counters, open concept living offering in-unit laundry area. Primary bedroom has a walk-in closet, primary bath with shower/ tub combo & ceiling fan. The unit has 2 assigned parking spaces, and the complex is easily accessible to University of Houston-Clear Lake, Nasa Space Center, Baybrook Mall, neighboring supermarkets, & the I-45 freeway. Community pool and recreation room for your entertaining needs. HOA fees included sewer, water, trash, gas, grounds keeping, roofing, pools, clubhouse, and exterior insurance. Please park in space in assigned spaces when touring the property.

Investor Tools

$95,000

Estimated Property Value

$22,895Estimated Mortgage Balance

$72,105Estimated Equity

75% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$588 /month

Positive

Cash Flow Estimate:

$196 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$136/month

$341/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,159

$90,880

2025

$17,267

$73,613

$90,880

Tax History

Year

Tax Paid

Assessed Value

2024

$1,159

$90,880

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Elinita Dellolio Brown

Seller Carryback / Seller Financing / Seller Take-Back

$51,000

First

Oct 18, 2005

Oct 2035

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$22,895

$72,105

75%

24%

$306/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,470/mo

$647/mo

+$823/mo

18.6%

Learn About the Market: Opportunity in Houston

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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.

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