124Days on Market

1view

$1,895,000

1701 Hermann Dr # 22ce, Houston, TX, 77004

On Market

3 Beds

4 Bath

3,136 Sq Ft

Condos / Townhouses

$604.27 / sqft

Built in 1983

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

Bathrooms Half 1

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Cooktop, Electric Range, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Cooktop

FlooringTile, Wood

Exterior

Exterior FeaturesPlayground, Storage, Tennis Court(s), Outdoor Kitchen, Dog Run, Balcony

Building Information

Year Built1983

Land Information

APN1155890220003

SubdivisionThe Parklane Condo 1st Amend

Land UseResidential

Legal DescriptionUNITS 22A & 22CE FLR 22 1.086746 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND

Census Tract312601

Assessed Land Value$184,859

Assessed Improvement Value$788,081

Assessment Year2025

About this property

Located across the street from Herman Park!Enjoy golf, jogging trails,the Miller Outdoor Theater,the Houston Zoo & more!This stunning home in the sky has views to the north (downtown),east & west!The home, Unit 22CE, was originally purchased in 2023 from the developer. About 1 year later the owners purchased the adjacent Unit 22A.Both units are combined with the Tax Office.However, they are not physically combined.The owners enjoy #22A as a Private-Guest-Suite.There is a total of 3136 square feet.The developer says the Main Home has 2338 square feet +the Guest Suite has 798 square feet +4 balconies +4 parking spaces +3 storage units.The home has beautiful hardwood floors, Dekton countertops, Eggersmann cabinetry,Thermador & Bosche appliances,remote controlled shades & much more.The luxury amenities include a 24-hour concierge, valet parking, electric car charging stations, a dog park, resort-style pool, state-of-the-art fitness center, a shuttle bus to & from the Med Center, & more!

Investor Tools

$1,876,000

Estimated Property Value

$0Estimated Mortgage Balance

$1,876,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$11,370 /month

Positive

Cash Flow Estimate:

$3,790 /month

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Ray Walker

RealtyWalk

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,196/month

$2,854/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,967

$972,940

2025

$184,859

$788,081

$972,940

Tax History

Year

Tax Paid

Assessed Value

2020

$4,967

$972,940

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$1,876,000

100%

$0/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,722/mo

$2,854/mo

$-1,132/mo

1.1%

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