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$385,000

NAL Estimated Property Value

1606 Colorado St, Houston, TX, 77007

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,726 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$184.82 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Gas Oven, Oven, Microwave, Gas Range, Washer/Dryer Stacked, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony, Courtyard
Lot Size1,481 sqft

Building Information

Year Built2006
Garage Spaces2

Land Information

APN1273320010015
Lot Number15
SubdivisionMerfish Colorado
Land UseResidential
Legal DescriptionLT 15 BLK 1 MERFISH COLORADO
Census Tract510100
Assessed Land Value$125,589
Assessed Improvement Value$198,518
Assessment Year2025

About this property

Welcome to this stunning 3-story home that features 2 bedrooms, 2 bathrooms, and an attached 2-car garage just minutes from downtown Houston! This gem is within walking distance to Houston's finest restaurants, stores, and entertainment. Take a quick walk or bike ride to Orangtheory Fitness, Cycle Bar, F45, or the rock climbing gym! The first level offers a spacious bedroom & ensuite bathroom with a private door leading to the back patio. Head on up to the second level to find your open concept living, dining, & kitchen areas. Hardwood floors flow throughout this space! Unique french doors open up to your private balcony overlooking the gorgeous courtyard. The gourmet kitchen offers granite counters, stainless steel appliances, a walk-in pantry, and a breakfast bar. The third level is where you will find your spacious primary suite with a sitting area and ensuite bathroom that offers dual sinks, granite counters, and an abundance of storage. Don't wait!

Investor Tools

Property Icon
$385,000
Estimated Property Value
$261,907Estimated Mortgage Balance
$123,093Estimated Equity
32% 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
$555/month
$2,079/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,731
$324,107
2025
$125,589
$198,518
$324,107
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,731
$324,107

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cherry Creek Mortgage Co Inc
Conventional
$290,700
No
First
Mar 10, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$261,907
$126,093
32%
68%
$1,743/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$3,822/mo
$-1,862/mo
6.1%

City: Houston

1606 Colorado St | Property Details | No Agent List