Last 24 Hours
$595,000
NAL Estimated Property Value1701 Hermann Drive Drive 27CE, Houston, TX, 77004
$773,500 ARV
Off Market
3 Beds
3 Bath
2,749 Sq Ft
Condos / Townhouses
$607.49 / sqft
Built in 1983Property Lead Type:
Off-Market ListAbsentee OwnerHigh EquityMove-In Ready
Highlights
Interior
Bedrooms 3
Bathrooms Full 1
Heating Central
CoolingAppliancesENERGY STAR Qualified Appliances, Disposal, Convection Oven, Electric Oven, Oven, Microwave, Electric Cooktop, Dryer, Refrigerator, Washer/Dryer Stacked, Washer, Dishwasher, Washer/Dryer, Cooktop
FlooringCarpet, Tile, Wood
Exterior
Exterior FeaturesPlayground, Storage, Tennis Court(s), Outdoor Kitchen, Dog Run, Balcony
Building Information
Year Built1983
Land Information
APN1155890030002
SubdivisionThe Parklane Condo 1st Amend
Land UseResidential
Legal DescriptionUNIT 3C FLR 3 .505428 INT COMMON LAND & ELE THE PARKLANE CONDO 4TH AMEND TO 2ND AMEND
Census Tract312601
Assessed Land Value$65,492
Assessed Improvement Value$279,201
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
$595,000
Estimated Property Value
$118,411Estimated Mortgage Balance
$476,589Estimated Equity
80% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$773,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,020 /month
Positive
Cash Flow Estimate:
$3,340 /month
Financing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$570/month
$2,505/month
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,863
$344,693
2025
$65,492
$279,201
$344,693
No
Tax History
Year
Tax Paid
Assessed Value
2020
$3,863
$344,693
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hometrust Mortgage Co
Fannie Mae/Freddie Mac (Phased Out Keying In 2008 Because Fannie Mae Does Not Originate Loans Directly To Borrowers Or Investors. Most "New Conventional" Loans Meet Their General Underwriting Guidelines.)
$260,000
No
First
Dec 20, 2005
Jan 2036
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$118,411
$476,589
80%
20%
$0/mo
Rental Potential
Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,095/mo
$2,505/mo
$-1,410/mo
2.2%
12.4%