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$966,400

1701 Hermann Dr # 21f, Houston, TX, 77004

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,623 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$595.44 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Cooktop
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesStorage, Tennis Court(s), Dog Run, Balcony

Building Information

Year Built1983

Land Information

APN1155890210006
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 21F FLR 21 .557099 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$105,898
Assessed Improvement Value$451,461
Assessment Year2025

About this property

The Parklane offers the best in urban luxury within a stone's throw of Hermann Park, the Museum District and the Houston Medical Center. Extensively renovated, this luxury full service 35-story tower boasts world class amenities, unmatched views and finishes worthy of Architectural Digest, including German-built Eggersmann® cabinetry, Bosch® and Thermador® appliances, expansive windows, wide plank wood floors, spa-like bathrooms and so much more. This move in ready, luxurious two bedroom, two bathroom home features a thoughtful approach to modern design and attention to detail. These include a designer kitchen island with panelized Bosch appliances, primary bathroom with floating cabinetry and backlit vanity mirrors, balcony access from each room, nine-foot ceilings, recessed LED lighting, neutral color palette, expansive windows affording tons of natural light and stunning views from the 21rst floor.

Investor Tools

$0Estimated Mortgage Balance
$957,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,798 /month
Positive
Cash Flow Estimate:
$1,933 /month

Interested in this property?

Jade Luney

Compass RE Texas, LLC - Houston

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$919/month
$1,517/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,247
$557,359
2025
$105,898
$451,461
$557,359
No

Tax History

Year
Tax Paid
Assessed Value
2020
$6,247
$557,359

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$957,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$1,517/mo
$-210/mo
1.6%

City: Houston