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$173,000

NAL Estimated Property Value

1605 San Sebastian Ln, Houston, TX, 77058

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,360 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$139.71 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Laminate, Tile

Building Information

Year Built1975
Stories2
Garage Spaces2

Land Information

APN1061390000003
SubdivisionHeritage T/H Condo
Land UseResidential
Legal DescriptionTH 3 BLDG A HERITAGE T/H CONDO
Census Tract341204
Assessed Land Value$29,067
Assessed Improvement Value$123,916
Assessment Year2025

About this property

Charming 2 bedroom 2.5 bath condo located in Nassau Bay. Quiet neighborhood with minimal traffic. Both bedrooms are a great size and located on the second floor with their own en-suite bathrooms. Enjoy your very own private patio with outside access to washer and dryer. There are two well-lit covered parking spots in the rear of the unit along with plenty of unassigned guest parking in the front. Water heater was replaced in 2022, roof was replaced in 2020, and kitchen and bathroom fixtures were recently replaced/updated. The building and grounds are beautifully kept and maintained by the HOA.

Investor Tools

Property Icon
$173,000
Estimated Property Value
$137,666Estimated Mortgage Balance
$35,334Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,140 /month
Positive
Cash Flow Estimate:
$380 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$265/month
$431/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,311
$152,983
2025
$29,067
$123,916
$152,983
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,311
$152,983

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$148,000
No
First
Aug 3, 2022
Sep 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,666
$26,334
16%
80%
$888/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,470/mo
$1,319/mo
+$151/mo
10.2%

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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1605 San Sebastian Ln | Property Details | No Agent List