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$398,980

1701 Hermann Drive 5B, Houston, TX, 77004

$488,855 ARVInfo
On MarketInfo
Just AddedInfo
Beds1 Beds
Baths1 Bath
Baths1,212 Sq Ft
price_per_sqft$329.19 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Full Size, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesBalcony/Terrace, Exercise Room, Playground, Storage, Tennis Court(s), Trash Chute

Building Information

Year Built1983

Land Information

APN1155890050002
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 5B FLR 5 .423072 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$67,262
Assessed Improvement Value$286,747
Assessment Year2025

About this property

This 5th floor, corner 1 bedroom offers stunning views of the downtown skyline, pool and community gardens. Steps from Hermann Park and the Museum District, and just minutes from the Texas Medical Center, Rice Village, Downtown and more--The Parklane offers stunning condominium homes with modern finishes and conveniences, sweeping park and city views, and urban Houston living at its finest. Homes are available for immediate move-in. Stop by today and see for yourself!

Investor Tools

$97,565Estimated Mortgage Balance
$433,435Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$488,854
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /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
$552/month
$1,110/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,966
$354,009
2025
$67,262
$286,747
$354,009
No

Tax History

Year
Tax Paid
Assessed Value
2020
$3,966
$354,009

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Suntrust Mortgage Inc
Unknown
$253,600
No
First
Apr 30, 2004
May 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$97,565
$433,435
81%
18%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$1,110/mo
$-15/mo
2.5%

City: Houston

1701 Hermann Drive 5B | Property Details | No Agent List