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$262,000

NAL Estimated Property Value

1618 Elgin St # 10, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,426 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$206.87 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesGas Oven, Microwave, Gas Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringCarpet, Wood

Building Information

Year Built1999

Land Information

APN1207910000010
Land UseResidential
Legal DescriptionUNIT 10 .06761 INT COMMON LAND & ELE SOUTH END LOFTS CONDO AMEND
Census Tract312502
Assessed Land Value$47,500
Assessed Improvement Value$202,500
Assessment Year2025

About this property

Welcome to your new oasis in Midtown Houston! This home fronts the largest green space in the area, 5-acre Baldwin Park, with its stately, 100-year-old oak trees and overlooks the majestic downtown skyline. The 1st floor features a modern open living, kitchen, and dining area with a gas range. A full utility room and half bath are conveniently located off the kitchen. Up the floating staircase, the primary bedroom boasts an ensuite bath, large walk-in closet, and an additional room. The 3rd level offers another versatile room. These rooms are perfect for a home office, bedroom, gym, or craft room. The fabulous, airy open floor plan is ideal for modern living. Enjoy proximity to restaurants and bars, as well as easy access to Downtown, Minute Maid Park, Texas Medical Center, Rice University, and NRG Stadium. Reserved, covered parking in a secured, gated courtyard, full-sized washer/dryer, and refrigerator included. The home also features onsite 4x6 storage and a secured delivery closet.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$246,961Estimated Mortgage Balance
$15,039Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$545/month
$425/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,231
$250,000
2025
$47,500
$202,500
$250,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,231
$250,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$254,532
No
First
Sep 19, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$246,961
$25,039
9%
94%
$1,527/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,952/mo
$-645/mo
6.0%

City: Houston

1618 Elgin St # 10 | Property Details | No Agent List