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$1,049,000

NAL Estimated Property Value

2622 West Lane Drive, Houston, TX, 77027

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,837 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$319 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesWater Heater, Double Oven, Electric Oven, Microwave, Free-Standing Range, Gas Cooktop, Dryer, Refrigerator, Washer, Dishwasher, Washer/Dryer
FlooringTile, Wood

Exterior

Lot Size4,116 sqft

Building Information

Year Built1982
Stories2
Garage Spaces2

Land Information

APN0720780010002
SubdivisionWest Lane Place T/H R/P
Land UseResidential
Legal DescriptionTR 26-2 BLK 2 WEST LANE PLACE T/H R/P
Census Tract411600
Assessed Land Value$462,980
Assessed Improvement Value$483,976
Assessment Year2025

About this property

Stunning, sophisticated soft contemporary in highly sought after Mid Lane area. Walking through the front gate visitors are transported by a serene allee of River Birch which escort you to the front door. Or continue following the tree line to a delightful patio where you can enjoy a morning cup of coffee or relax with a glass of wine. Truly unique and completely private, this outdoor space is the ultimate escape. Enter the home and you won't be disappointed. Glass doors running the length of the property offer views of the allee from every downstairs room. Highlights include soaring ceilings in the living room, art lighting, a chef's kitchen with Viking range, wine room, hardwoods throughout, sound system, contemporary gas log fireplace, wet bar between living and dining rooms. Upstairs the spacious primary bedroom has a sitting area, walk-in closet and contemporary bath with bold granite, spa tub and glass shower. Two other roomy bedrooms share a hall bath.This home is a must see.

Investor Tools

Property Icon
$1,049,000
Estimated Property Value
$451,358Estimated Mortgage Balance
$597,642Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,294 /month
Positive
Cash Flow Estimate:
$2,098 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,657/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,642
$946,956
2025
$462,980
$483,976
$946,956
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,642
$946,956

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Calcon Mutual Mortgage Llc
Conventional
$500,000
No
First
Apr 9, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,358
$597,642
56%
43%
$2,998/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,340/mo
$2,998/mo
+$342/mo
3.8%

City: Houston

2622 West Lane Drive | Property Details | No Agent List