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$1,670,000

1701 Hermann Drive Drive 27CE, Houston, TX, 77004

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,749 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$607.49 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Heating CentralHeating Central
CoolingCooling
AppliancesENERGY STAR Qualified Appliances, Disposal, Refrigerator Included, 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, Outdoor Kitchen, Dog Run, Storage Outside of Unit

Building Information

Year Built1983

Land Information

APN1155890260007
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 26G FLR 26 .557099 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$99,486
Assessed Improvement Value$424,127
Assessment Year2025

About this property

HOME HAS BEEN COMPLETELY RENOVATED. This 27th floor, corner 3 bedroom offers stunning views of Hermann Park & the Texas Medical Center. Beautiful hardwood floors throughout the living areas and primary bedroom. Sleek Dekton countertops with Eggersmann cabinetry and Thermador Appliances. Pre-wired for home automation technology package. 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

$456,300Estimated Mortgage Balance
$351,700Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,020 /month
Positive
Cash Flow Estimate:
$3,340 /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
$645/month
$2,599/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,695
$523,613
2025
$99,486
$424,127
$523,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,695
$523,613

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Conventional
$500,000
No
First
May 17, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$456,300
$351,700
43%
56%
$2,109/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,307/mo
$4,708/mo
$-3,401/mo
1.9%

City: Houston

1701 Hermann Drive Drive 27CE | Property Details | No Agent List