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$119,959

NAL Estimated Property Value

2585 Marilee Ln Apt 1, Houston, TX, 77057

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,173 Sq Ft
price_per_sqft$106.56 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Oven, Electric Range, Free-Standing Range, Dryer, Refrigerator, Washer, Dishwasher
FlooringLaminate, Tile

Exterior

Exterior FeaturesCourtyard

Building Information

Year Built1965

Land Information

APN1117200000025
SubdivisionMarble Arch Condo
Land UseResidential
Legal DescriptionUNIT 2585-1 BLDG J .007220 INT COMMON LAND & ELE MARBLE ARCH CONDO
Census Tract431303
Assessed Land Value$22,792
Assessed Improvement Value$97,167
Assessment Year2025

About this property

Two bedroom/two bath located on first floor with a double patio. Kitchen has granite countertops, large single sink, stainless appliances including Samsung fridge. Maytag Bravos washer and dryer inside the unit. Primary bedroom offers built ins in closet and en suite with shower. Wood laminate/ceramic tile flooring throughout. Updated lighting. Bay window in large living. Carrier HVAC. Recent interior paint. Built ins and large storage closet. Gated complex with covered parking, additional exterior storage closet and pool. Easy access to Westheimer Rd. Per previous tenant: HOA COVERS ALL UTILITIES and TRASH. Not covered: internet and cable. Wired for ATT and Xfinity. Here’s a nice perk: Seller will pay the first TWO MONTHS of HOA for closing in 2021!!!

Investor Tools

Property Icon
$119,959
Estimated Property Value
$0Estimated Mortgage Balance
$119,959Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$750 /month
Positive
Cash Flow Estimate:
$250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
$644/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,790
$119,959
2025
$22,792
$97,167
$119,959
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,790
$119,959

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$126,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
$644/mo
+$896/mo
15.4%

City: Houston

2585 Marilee Ln Apt 1 | Property Details | No Agent List