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$385,000

NAL Estimated Property Value

1601 W Webster St Unit 8, Houston, TX, 77019

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,754 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$179.02 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

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
FlooringTile, Wood

Building Information

Year Built1998
Garage Spaces1

Land Information

APN1226760000008
SubdivisionWest Webster Lofts Condo
Land UseResidential
Legal DescriptionUNIT 8 .0562 INT COMMON LAND & ELE WEST WEBSTER LOFTS CONDO AMEND
Census Tract410502
Assessed Land Value$67,044
Assessed Improvement Value$285,818
Assessment Year2025

About this property

Modern styling Industrial Loft Exposed brick walls, exposed venting, oversized windows that allow for natural light, high ceilings, wood floors and an open concept floorplan; perfect for entertaining are just some of the unique features of this home like the Wine Enthusiast Bar with 2 coolers. The kitchen boasts island, granite counters, ample cabinet & counter space, stainless appliance package. The split bedroom floorplan offers privacy for guests in the 1st floor bedroom with en-suite updated bath. The spacious 2nd floor primary suite features an en-suite bath with dual vanities and an oversized walk-in shower whirlpool tub. Access the rooftop deck from the primary sleeping area and enjoy the downtown views as you unwind at the end of the day. Gated Parking Garage assigned space (that is feasible to park a pick-up truck)and one assigned parking space at front door. Conveniently located with easy access to shopping, dining and entertainment options and the West Webster Dog Park.

Investor Tools

Property Icon
$385,000
Estimated Property Value
$96,266Estimated Mortgage Balance
$288,734Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$776/month
$333/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,383
$352,862
2025
$67,044
$285,818
$352,862
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,383
$352,862

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$199,300
No
First
Oct 28, 2005
Nov 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$96,266
$275,734
74%
25%
$1,070/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$1,403/mo
+$557/mo
6.1%

City: Houston

1601 W Webster St Unit 8 | Property Details | No Agent List