1view

Owner Contacts

$398,000

NAL Estimated Property Value

2207 Bancroft Street 402, Houston, TX, 77027

Off Market

1 Beds

2 Bath

891 Sq Ft

$392.7 / sqft

Built in 2010

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1

Bathrooms Full 1

Bathrooms Half 1

Heating Central

Cooling

AppliancesDisposal, Convection Oven, Microwave, Gas Cooktop, Dryer, Washer, Dishwasher, Washer/Dryer, Refrigerator

FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesStorage, Balcony

Building Information

Year Built2010

Land Information

APN1323530000007

SubdivisionHighland Tower Condominiums

Land UseResidential

Legal DescriptionUNIT 402 .0068 INT COMMON LAND & ELE HIGHLAND TOWER CONDO 9TH AMEND

Census Tract411302

Assessed Land Value$73,607

Assessed Improvement Value$313,798

Assessment Year2025

About this property

Fabulous 1 bedroom, 1.5 bath unit in prestigious Highland Tower, offering lock & leave lifestyle. Priced to sell! Opportunity to experience high-rise luxury living under $350K! High 11 foot ceiling,floor to ceiling windows w/ electronic shades. Gorgeous kitchen w/stainless Bosch appliances, gas cooktop, oversized island w/seating & wine fridge. Master bath w/double sinks,jetted tub, separate shower, large walk-in closet. Washer & dryer. Private covered balcony w/ treetop views. One reserved parking spot, plus a climate controlled storage unit. Incredible building amenities: 24/7 concierge, complimentary valet, well-equipped gym. 5th floor terrace features an award-winning swimming pool & spa, summer kitchen,putting green,lounge,wine/dining room + catering kitchen,greenspace. Close to the Galleria, Downtown, Med Center, major freeways. Extremely walkable location: just steps aways from popular shopping/dining at River Oaks District & Highland Village. Enjoy low maintenance urban living!

Investor Tools

$398,000

Estimated Property Value

$227,470Estimated Mortgage Balance

$170,530Estimated Equity

42% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,388 /month

Positive

Cash Flow Estimate:

$796 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$776/month

$731/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,325

$387,405

2025

$73,607

$313,798

$387,405

Tax History

Year

Tax Paid

Assessed Value

2024

$7,325

$387,405

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

First United Bank & Trust Co

Conventional

$255,000

First

Oct 14, 2020

Nov 2050

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$227,470

$170,530

42%

57%

$1,529/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,640/mo

$2,260/mo

$-620/mo

4.9%

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