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$198,847

NAL Estimated Property Value

1529 Ramada Dr, Houston, TX, 77062

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,088 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$174.54 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Electric Cooktop, Dishwasher, Washer/Dryer
FlooringCarpet, Tile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1968
Stories2
Garage Spaces2

Land Information

APN0962780010529
SubdivisionClear Lake City R/P
Land UseResidential
Legal DescriptionTR 1529 BLDG 4 CLEAR LAKE CITY SEC 1 R/P
Census Tract340502
Assessed Land Value$37,781
Assessed Improvement Value$161,066
Assessment Year2025

About this property

Beautifully updated home backing up to Exploration Green Pond & walking trail! Walking distance to the Clear Lake Sports & Recreation Complex too. Once inside, you'll see tile flooring, fresh paint, recently installed carpet and Double-pane energy-efficient hurricane windows throughout. Updates include whole house copper electrical wiring, pex piping, water heater, and roof. The kitchen offers abundant real wood cabinets & newly installed granite countertops. Both bathrooms have been nicely updated with matching granite countertops. The kitchen leads to a private courtyard with a covered walkway to the carport. Off the courtyard is the laundry room & separate storage/workshop room. Two covered parking spaces under the carport. Prime location near NASA, the University of Houston-Clear Lake, Baybrook Mall; ensures a lifestyle of unparalleled convenience. Low HOA fees. Ideal choice for young professionals or starting-out homeowners. Excellent Clear Lake Schools.

Investor Tools

Property Icon
$198,847
Estimated Property Value
$146,703Estimated Mortgage Balance
$52,144Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,193 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$204/month
$160/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,448
$198,847
2025
$37,781
$161,066
$198,847
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,448
$198,847

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Swbc Mortgage Corp
Conventional
$151,200
No
First
Sep 9, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$146,703
$52,144
26%
74%
$907/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,067/mo
+$240/mo
7.9%

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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1529 Ramada Dr | Property Details | No Agent List