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$831,000

1603 Utah St, Houston, TX, 77007

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,367 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$249.18 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Gas Oven, Microwave, Gas Cooktop, Dishwasher

Exterior

Exterior FeaturesBalcony
Lot Size1,869 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN1408180010003
Lot Number3
Land UseResidential
Legal DescriptionLT 3 BLK 1 TYNE STREET TERRACES
Census Tract510602
Assessed Land Value$198,581
Assessed Improvement Value$487,690
Assessment Year2025

About this property

Contemporary Luxury in Rice Military / Washington Corridor! Welcome to 1603 Utah Street, Houston TX 77007 — a stunning 4-story townhome offering modern architecture, high-end finishes, and a prime location in the heart of Rice Military near the Washington Corridor, Memorial Park, and Downtown Houston. This home features spacious open-concept floor plan with high ceilings, designer touches, and natural light throughout. The kitchen boasts quartz countertops, soft-close cabinetry, and premium stainless-steel appliances, opening seamlessly into the dining and living areas. The first-floor bedroom with en-suite bath can be used as a guest suite or home office. With no HOA, low-maintenance living, and a prime inner-loop location, this move-in-ready home is perfect for professionals, investors, or anyone seeking vibrant city living. ? Tour all three homes — 1603, 1605 & 1607 Utah Street — and preview the fully staged model at 1607 to experience the design and layout in person!

Investor Tools

Property Icon
$831,000
Estimated Property Value
$1,500,000Estimated Mortgage Balance
$0Estimated Equity
-81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,034 /month
Positive
Cash Flow Estimate:
$1,678 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,645/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,587
$686,271
2025
$198,581
$487,690
$686,271
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,587
$686,271

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Shiraz Pirali
Stand Alone First / Home Equity First Lien
$1,500,000
No
First
May 25, 2023
Nov 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,417,481
N/A
0%
171%
$8,994/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,580/mo
$8,994/mo
$-6,414/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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1603 Utah St | Property Details | No Agent List