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$889,000

NAL Estimated Property Value

2740 Mid Ln, Houston, TX, 77027

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths2,048 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$287.6 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Ice Maker, Gas Oven, Microwave, Gas Range, Dishwasher, Washer/Dryer
FlooringCarpet, Tile, Wood

Exterior

Lot Size1,625 sqft

Building Information

Year Built1986
Stories2
Garage Spaces2

Land Information

APN0720780000062
SubdivisionWest Lane Place
Land UseResidential
Legal DescriptionTR 6D BLK 1 WEST LANE PLACE
Census Tract411600
Assessed Land Value$309,019
Assessed Improvement Value$325,981
Assessment Year2025

About this property

Inviting Lovett townhome in a controlled access community near both Highland Village and River Oaks District areas. Upon entering this home, you will notice gleaming hardwood floors throughout an open layout. A wall of windows leads to the incredible back patio with fountain, a covered area with ceiling fan and drip irrigation for landscaping. Relax in the elegant living room with built-ins and a gas fireplace. An updated kitchen offers options for a breakfast nook or flex space. A spacious dining room and half bath also enhance the first floor. Upstairs are two bedrooms, two baths, laundry and a bonus living space. The generous master suite contains room for a sitting area. A skylight delivers abundant natural light in the lavish, remodeled primary bath. The large second bedroom provides ample space for your needs. Custom closets in both bedrooms maximize storage. The bonus living area offers numerous possibilities for a family room, office or even conversion to a third bedroom.

Investor Tools

Property Icon
$889,000
Estimated Property Value
$484,406Estimated Mortgage Balance
$404,594Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,334 /month
Positive
Cash Flow Estimate:
$1,778 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,465/month
$1,750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,138
$635,000
2025
$309,019
$325,981
$635,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,138
$635,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Morgan Stanley Private Bank Na
Conventional
$526,500
No
First
Feb 16, 2022
Mar 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$484,406
$326,594
40%
54%
$3,157/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,960/mo
$4,907/mo
$-2,947/mo
2.6%

City: Houston

2740 Mid Ln | Property Details | No Agent List