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$798,000

NAL Estimated Property Value

1701 Hermann Dr # 30b, Houston, TX, 77004

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,623 Sq Ft
price_per_sqft$354.28 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Electric Oven, Microwave, Electric Range, Washer/Dryer Stacked, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Vinyl

Exterior

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

Building Information

Year Built1983

Land Information

APN1155890300001
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 30B FLR 30 .557099 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$109,775
Assessed Improvement Value$467,990
Assessment Year2025

About this property

Elevate your lifestyle in this urban oasis located in the heart of the Museum District with captivating views of Downtown & Hermann Park can be yours on the 30th floor in the luxurious Parklane condominium tower! This beautiful recently painted, updated home boasts a spacious open layout, living, dining and sunroom illuminated with abundant natural light from floor to ceiling windows, kitchen with granite, SS, wine frig, and abundant storage & prep space, 2 bedrooms, 2 baths, 3 balconies, 2 assigned parking spaces and private storage. Building amenities include 24-hour concierge, controlled access, modern lobby design, coffee bar & business lounge, fitness center & outdoor fitness experience, outdoor grills, pool, cabanas, tennis, dog park, electric vehicle charging stations, transportation to the Texas Medical Center & Light Rail, easy access to Hermann Park with golf and running trails, Houston Zoo, Museum of Fine Arts Houston, and Miller Outdoor Theater. Ready for immediate move-in.

Investor Tools

Property Icon
$798,000
Estimated Property Value
$281,538Estimated Mortgage Balance
$516,462Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,788 /month
Positive
Cash Flow Estimate:
$1,596 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$621/month
$1,047/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,458
$577,765
2025
$109,775
$467,990
$577,765
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,458
$577,765

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$300,000
No
First
Jan 11, 2023
Feb 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$281,538
$515,462
64%
35%
$1,799/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$2,846/mo
$-1,539/mo
2.0%

City: Houston

1701 Hermann Dr # 30b | Property Details | No Agent List