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$559,000

NAL Estimated Property Value

1602 Calumet St, Houston, TX, 77004

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths2,634 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$203.11 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Trash Compactor, Microwave, Gas Cooktop, Dishwasher
FlooringBamboo

Exterior

Exterior FeaturesBalcony
Lot Size2,017 sqft

Building Information

Year Built2005
Garage Spaces2

Land Information

APN1254830010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 MUSEUM GALLERIE AMEND
Census Tract312601
Assessed Land Value$138,552
Assessed Improvement Value$400,766
Assessment Year2025

About this property

Elegant corner townhome in the heart of Museum District. Walkability score of 10! Walk or bike to Hermann Park, Rice Village, Houston's museums, Downtown and Asia Society. Easy access to all major highways. No details have been spared in this home, from the tall high ceilings, bamboo/concrete flooring and top-to-bottom windows for natural light. An entertainers dream, with open living, kitchen and dining areas. The kitchen features an oversized island with plenty of cabinet space. Specially designed for those who love modern finishes. First floor features a guest bedroom, which could be used as a gym or an office if desired. The third floor features the primary suite, with a corner wide window overlooking downtown. An additional bedroom with a private bathroom is also available on the third floor. Fourth floor is truly the WOW factor, including a bar and a covered roof top deck. You can admire 180 views of the Houston skyline while enjoying a glass of wine after a long day.

Investor Tools

Property Icon
$559,000
Estimated Property Value
$385,890Estimated Mortgage Balance
$173,110Estimated Equity
31% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,354 /month
Positive
Cash Flow Estimate:
$1,118 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$917/month
$5,000/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,205
$539,318
2025
$138,552
$400,766
$539,318
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,205
$539,318

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
R Joseph Naus Etal
Purchase Money Mortgage
$425,000
No
First
Jul 1, 2021
Sep 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$385,890
$179,110
31%
69%
$2,549/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$7,549/mo
$-5,827/mo
3.7%

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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1602 Calumet St | Property Details | No Agent List