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Owner Contacts

$106,000

1900 Bay Area Blvd # 242, Houston, TX, 77058

Off Market

2 Beds

2 Bath

824 Sq Ft

Condos / Townhouses

$1.58 / sqft

Built in 1975

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2

Bathrooms Full 2

Indoor Fireplace

Heating Central

Cooling

AppliancesDisposal, Electric Oven, Microwave, Electric Range, Dryer, Refrigerator, Washer, Dishwasher

FlooringVinyl

Exterior

Exterior FeaturesBalcony

Building Information

Year Built1975

Stories1

Land Information

APN1145890130008

SubdivisionUniversity Trace Condo

Land UseResidential

Legal DescriptionTH 242 BLDG N .00650 INT COMMON LAND & ELE UNIVERSITY TRACE CONDO

Census Tract341303

Assessed Land Value$19,678

Assessed Improvement Value$83,891

Assessment Year2025

About this property

MOVE-IN READY!!! Stunning 2 bedroom, 2 bath condo located in the heart of Clear Lake! Easy access to restaurants, shops, Johnson Space Center and UHCL. This unit features vinyl plank flooring throughout the unit, updated fixtures, crown molding, and a wood burning fireplace. The kitchen has been beautifully remodeled to include granite counters, double oven electric stove, microwave, and dishwasher. The unit comes with your own washer and dryer inside the unit as well as a nice side by side refrigerator. Both bathrooms have been tastefully remodeled with granite counter and modern fixtures. Nice patio to enjoy your morning coffee on and two reserved parking spaces. (194 & 203) This is a second floor corner unit and gets plenty of natural light. Easy access to the exit/entrance on Gemini. Pets on a case by case basis and all applicants and their pets must also be approved by the complex management.

Investor Tools

$106,000

Estimated Property Value

$72,350Estimated Mortgage Balance

$47,473Estimated Equity

32% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$636 /month

Positive

Cash Flow Estimate:

$212 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$145/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,208

$103,569

2025

$19,678

$83,891

$103,569

Tax History

Year

Tax Paid

Assessed Value

2024

$1,208

$103,569

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First Financial Bank

Conventional

$72,350

First

Mar 9, 2017

Apr 2047

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$58,527

$49,473

45%

55%

$434/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,470/mo

$434/mo

+$1,036/mo

16.6%

Learn About the Market: Opportunity in Houston

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From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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